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AN » Topics » POLICY ON SENIOR EXECUTIVE OFFICER STOCK OWNERSHIP

This excerpt taken from the AN DEF 14A filed Apr 28, 2006.
POLICY ON SENIOR EXECUTIVE OFFICER STOCK OWNERSHIP
 
The Board believes that senior executive officers of the Company should be stockholders and have a financial stake in the Company. Toward this end, the Board expects that the Chief Executive Officer and the Chief Operating Officer will attain ownership of the Company’s common stock with a fair market value of not less than four times his or her annual base compensation, and each Executive Vice President will attain ownership of the Company’s common stock with a fair market value of not less than two times his or her annual base compensation, in each case within five years of such person first becoming an executive officer or the adoption of this Guideline (February 7, 2006). Exceptions to this requirement may only be made by the Board under compelling mitigating circumstances.
 
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