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GIS » Topics » Perquisites and Other Personal Benefits

This excerpt taken from the GIS DEF 14A filed Aug 10, 2009.
Perquisites and Other Personal Benefits
 
                                                 
                Executive
 		       
    Personal
 		  Personal Use of
 		  Financial
 		  Insurance
 		       
    Travel(12)
 		  Executive Car(13)
 		  Counseling
 		  Plans(14)
 		  Other(15)
 		  Total
Name   ($)   ($)   ($)   ($)   ($)   ($)
 
 
K. J. Powell
    118,980       10,987       15,000       32,748       171       177,886  
D. L. Mulligan
    14,488       11,506       5,750       32,748       —       64,492  
J. J. Rotsch
    24,414       9,516       2,718       32,849       1,294       70,791  
I. R. Friendly
    21,668       12,656       8,000       33,026       200       75,550  
C. D. O’Leary
    19,637       12,864       685       32,748       —       65,934  
R. G. Darcy
    4,545       7,560       2,675       32,748       20,080       67,608  
 
(12) Includes commercial airfare and incremental cost of food and activities related to spousal attendance at business functions.
 
Also includes the aggregate incremental cost of personal use of corporate aircraft. We valued the incremental cost using a method that takes into account aircraft fuel expenses per flight hour and engine maintenance expenses per flight hour attributable to personal use; and to the extent attributable to personal use, any landing and parking fees; flight planning expenses; crew travel expenses; supplies and catering; excise taxes; and customs, foreign permit and similar fees.
 
We have an Aircraft Time Sharing Agreement with Mr. Powell that enables him to reimburse us for personal use of corporate aircraft to the extent that the cost of his personal use exceeded $100,000 in any fiscal year.
 
(13) Includes the annual taxable value of the vehicle according to IRS regulations plus the applicable IRS rate per mile to cover fuel and maintenance charges.
 
(14) Includes premiums paid for executive medical coverage that exceed the cost of medical coverage made available to most full-time employees based in the United States.
 
(15) For Mr. Darcy, Mr. Friendly, Mr. Powell and Mr. Rotsch, includes the nominal cost of welcome gifts received at business-related functions.
 
For Mr. Darcy, includes the discount ($19,870) on his purchase of his company automobile, which was a percentage of wholesale value based on years of service.


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Table of Contents

 
The following table describes the potential range of annual incentive cash awards for fiscal 2009 performance and equity awards granted in fiscal 2009 for fiscal 2008 performance. The Summary Compensation Table and Compensation Discussion and Analysis include additional information about equity awards granted.
 

"Perquisites and Other Personal Benefits" elsewhere:

Silgan Holdings (SLGN)
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