Table of Contents
Pay at Risk B1%
CEO and Other NEO Average Compensation by Type
Base Salary
Annual Incentive Plan @ Stock Options
Time-based RSUs
8 Porformance-contingent RSUs
The following table describes the material elements of compensation and the objectives of each element:
PROGRAM ANNUAL COMPENSATION:
Base Salary
Annual Incentive Plan
LONG-TERM COMPENSATION:
Long-Term Incentive Program
DESCRIPTION
Ongoing cash compensation based on executive officer’s role, responsibilities, competitive market positioning, and individual performance.
Annual cash incentive with target award amounts for each executive officer.
Actual cash awards may be higher or lower than target, based on the company’s financial performance.
A long-term incentive program using a combination of time-vested and performance-based awards.
225 =
OBJECTIVES
Attract and retain qualified key managerial talent.
* Recognize sustained individual performance.
Attract and retain qualified key managerial talent.
Encourage and reward achievement of annual performance objectives.
Focus executives on long-term company performance and long-term financial and strategic success.
Retention.
Align employee and stockholder interests via performance goals and stock ownership.
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