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This excerpt taken from the HBI DEF 14A filed Mar 12, 2009. Determination
of Total Compensation and Allocation of Compensation
Elements
As discussed above, in setting total compensation opportunities
for our named executive officers, we apply the executive
compensation benchmarking criteria, and also consider the
relative experience and scope
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of responsibilities of the named executive officers, the
marketability of their experience and how critical their
position is to our efforts to execute our consolidation and
globalization strategy. This process results in total
compensation opportunities at different levels among the named
executive officers.
Once we have set total compensation opportunities in this
manner, we consider the allocation of compensation among the
various compensation elements by the Benchmark Companies in
allocating the total compensation opportunities of our named
executive officers among the elements of compensation that we
offer. We consider the factors used in determining total
compensation in allocating compensation opportunities among the
elements of compensation. After considering these factors, we
confirm that the result is reasonable by applying the executive
compensation benchmarking criteria. After reviewing information
about the allocation among the elements of compensation at the
Benchmark Companies, the Compensation Committee approves an
allocation among these elements for our named executive officers
that is intended to further the objectives of our compensation
policy, such as our objective of aligning the interests of our
named executive officers with those of our stockholders through
equity compensation. The allocations approved by the
Compensation Committee result in different allocations among the
elements of compensation for the named executive officers.
This excerpt taken from the HBI DEF 14A filed Mar 10, 2008. Determination
of Total Compensation and Allocation of Compensation
Elements
As discussed above, in setting total compensation opportunities
for our named executive officers, we apply the executive
compensation benchmarking criteria, and also consider the
relative experience and scope of responsibilities of the named
executive officers, the marketability of their experience and
how critical their position is to our efforts to execute our
consolidation and globalization strategy. This process results
in total compensation opportunities at different levels among
the named executive officers, as well as different allocations
among the elements of compensation.
Once we have set total compensation opportunities in this
manner, we consider the allocation of compensation among the
various compensation elements by the Benchmark Companies in
allocating the total compensation opportunities of our named
executive officers among the elements of compensation that we
offer. We consider the factors listed above in allocating
compensation opportunities among the elements of
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compensation. After considering these factors, we confirm that
the result is reasonable by applying the executive compensation
benchmarking criteria.
After reviewing information about the allocation among the
elements of compensation at the Benchmark Companies, the
Compensation Committee approves an allocation among these
elements for our named executive officers which is intended to
further the objectives of our compensation policy, such as our
objective of aligning the interests of our named executive
officers with those of our stockholders through equity
compensation. The allocations approved by the Compensation
Committee result in different allocations among the elements of
compensation for the named executive officers. For example, in
January 2007, the Compensation Committee, following a review of
total compensation opportunities for Hanesbrands executive
officers, including the named executive officers, and applying
the executive compensation benchmarking criteria, determined to
increase the total compensation opportunity of Mr. Noll,
our Chief Executive Officer. Using the same criteria, the
Compensation Committee determined that the increase should be in
the form of additional equity compensation for Mr. Noll.
For our named executive officers, the percentage of total
compensation opportunity for 2007 represented by base salary,
annual bonus at target levels and long-term equity incentive
awards is illustrated in the chart below.
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