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This excerpt taken from the ABCB DEF 14A filed Apr 16, 2009. Perquisites
The Company provided the following perquisites in 2008 to certain executive officers:
The total cost for all of these perquisites for all of our named executive officers was approximately $16,289. No individual named executive officer received a total value of perquisites in excess of $6,000 during 2008. We provide further details on perquisites in a supplementary table following the Summary Compensation Table below.
We view certain perquisites as being beneficial to the Company, in addition to being compensatory to the executive officers. For example, the club memberships are regularly used in the general course of our business, such as for business meetings or entertaining. The company cars are used primarily for business purposes. In addition, these perquisites, at a minor expense to the Company, provide a useful benefit in our efforts to recruit, attract and retain top executive talent.
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