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DVN » Topics » Balancing Compensation for Near-Term and Long-Term Performance

This excerpt taken from the DVN DEF 14A filed Apr 24, 2009.
Balancing Compensation for Near-Term and Long-Term Performance
 
To reinforce the goals of achieving both near-term results and long-term shareholder value, the Company provides senior executive officers both annual cash bonuses and long-term incentive awards. We believe that properly allocating these compensation elements is critical in motivating senior executive officers to carry out our two-pronged operating strategy. Overall, the value of a senior executive officer’s total compensation is weighted in favor of long-term incentives.
 
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