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ALNC » Topics » Mr. Watt

This excerpt taken from the ALNC 10-K filed Apr 30, 2009.

Mr. Watt

 

Executive Benefits and Payments

    Voluntary
Termination		    Early
Retirement		    Normal
Retirement		    Change of
Control		    Involuntary/
Not for Cause
Termination		    For Cause
Termination		    Disability    Death

Cash Compensation

    $ —      $ —      $ —      $ 481,427    $ 481,427    $ —      $ 106,583    $ —  

Stock options

                        

Restricted Stock(1)

            302,175      302,175      302,175         

Supplemental Retirement Plan

                        

Post-employment health care

                        
                                                       

Total

    $ —      $ —      $ 302,175    $ 783,602    $ 783,602    $ —      $ 106,583    $ —  
                                                       

 

(1)

At December 31, 2008, Mr. Watt held 12,750 restricted shares. The value of the restricted stock is based on the closing price of the Company’s stock on December 31, 2008 multiplied by the number of restricted shares.

 

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