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HAS » Topics » Primary Elements of 2005 Executive Compensation

This excerpt taken from the HAS DEF 14A filed Apr 17, 2006.
Primary Elements of 2005 Executive Compensation
 
Executive compensation for fiscal year 2005 was composed of four primary elements:
 
  •  base salary,
 
  •  management incentive bonus awards,
 
  •  equity awards, and
 
  •  employee benefits.
 
The Committee uses these four elements in the combination it believes appropriately divides the compensation of its executives among guaranteed and variable components, with some variable compensation tied to achievement of yearly financial objectives and other compensation, such as option grants vesting over multiple years, tied to the creation of even longer-term shareholder value. Each of these elements is described in detail below.
 
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