ALL » Topics » Long-Term Incentive Awards-Balance and Integration of Cash and Equity

This excerpt taken from the ALL DEF 14A filed Apr 1, 2009.

Long-Term Incentive Awards—Balance and Integration of Cash and Equity

        As part of total core compensation, we provide three forms of long-term incentive awards: stock options, restricted stock units, and long-term cash incentive awards. For each executive, these components are balanced and integrated with each other. The size of each named executive's award is determined by the Committee on the basis of the executive's position and the competitive assessment provided by the Committee's executive compensation consultant. Larger awards are granted to executives in positions with higher levels of responsibility for Allstate's long-term performance, the CEO's award being the largest. In addition, the size of these awards is aligned to target total core compensation at the 65th percentile of our peer insurance companies. The relative mix of various forms of these awards is driven by our objectives in providing the specific form of award, as described below.

This excerpt taken from the ALL DEF 14A filed Apr 2, 2008.

Long-Term Incentive Awards—Balance and Integration of Cash and Equity

        As part of total core compensation, we provide three forms of long-term incentive awards: stock options, RSUs, and long-term cash incentive awards. For each executive, these components are balanced and integrated with each other. The size of each named executive's award is determined by the Committee on the basis of the executive's position and the competitive assessment provided by the Committee's executive compensation consultant. Larger awards are granted to executives in positions with higher levels of responsibility for Allstate's long-term performance, with the chairman and the CEO's award being the largest. In addition, the size of these awards is aligned to target total core compensation at the 65th percentile of our peer insurance companies. The relative mix of various forms of these awards is driven by our objectives in providing the specific form of award, as described below.

This excerpt taken from the ALL DEF 14A filed Apr 2, 2007.

Long-Term Incentive Awards—Balance and Integration of Cash and Equity

        As part of total core compensation, we provide three forms of long-term incentive awards: stock options, restricted stock units (RSUs), and long-term cash incentive awards. For each executive, these components are balanced and integrated with each other. The size of each named executive's award is determined by the Committee on the basis of the executive's position and the competitive assessment provided by the Committee's executive compensation consultant. Larger awards are granted to executives in positions with higher levels of responsibility for Allstate's long-term performance, with the chief executive officer's award being the largest. In addition, the size of these awards is aligned to the Compensation and Succession Committee having set target total core compensation at the 65th percentile of our peer insurance companies. The relative mix of various forms of these awards is driven by our objectives in providing the specific form of award, as described below.

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