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This excerpt taken from the HAS DEF 14A filed Apr 6, 2009. Executive
Compensation Philosophy and Objectives
In structuring the compensation of the Companys executive
officers, including the named executive officers who appear in
the compensation tables following this Compensation Discussion
and Analysis, the Companys fundamental objectives are to:
This excerpt taken from the HAS DEF 14A filed Apr 8, 2008. Executive
Compensation Philosophy and Objectives
In structuring the compensation of the Companys executive
officers, including the five named executive officers who appear
in the compensation tables following this Compensation
Discussion and Analysis, the Companys fundamental
objectives are to:
This excerpt taken from the HAS DEF 14A filed Apr 16, 2007. Executive
Compensation Philosophy and Objectives
In structuring the compensation of the Companys executive
officers, including the five named executive officers who appear
in the compensation tables following this Compensation
Discussion and Analysis, the Companys fundamental
objectives are to:
To accomplish these objectives the Company employs two
overarching principles in structuring its executive compensation.
First, the Company believes that a significant portion of an
executives overall compensation opportunity should be at
risk and based upon the performance of the Company. As a result,
if the Company fails to achieve its financial goals,
and/or if
the Companys share price does not rise, significant
portions of the total executive compensation package are not
realized. The Company implements this principle by using
variable elements, such as management incentive plan awards and
equity awards, as a major portion of the total executive
compensation package.
Second, in structuring the performance-based elements of its
compensation program, the Company seeks predominately to reward
overall performance by the Company or its major business units,
and only to a lesser extent, to reward individual executive
performance. The Company believes this is appropriate to foster
an environment of team work and to maximize the performance of
the Company as a whole, as opposed to individuals within the
Company. As a result, the two most significant variable
components of executive compensation, namely management
incentive plan awards and equity awards, are most heavily
weighted to Company goals and Company performance. The incentive
plan awards reward achievement of stated Company and business
unit financial metrics, with individual performance playing a
smaller role. Equity awards also reward achievement of Company
goals and Company stock price appreciation.
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