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AYE » Topics » Stock Ownership

This excerpt taken from the AYE DEF 14A filed Mar 20, 2006.

Stock Ownership

Members of the Board and senior executive officers are expected to own a significant equity interest in the Company in accordance with the Company’s Stock Ownership Guidelines. Under the Stock Ownership Guidelines, senior executive officers are required to hold the Company’s Common Stock in amounts ranging from one to three times their annual salary, depending on their position with the Company. All Directors hold at least the required six times their annual cash retainer in the Company’s Common Stock.

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