IN » Topics » Changes for 2009

This excerpt taken from the IN DEF 14A filed Apr 17, 2009.
Changes for 2009
While the objectives and elements of our compensation program remain generally the same for 2009, we have made the following changes in light of current economic uncertainties. As discussed below:
  •  executive officer salaries were first frozen at 2008 levels and then reduced by 10% as part of our continuing effort to reduce operating costs;
  •  the designs of our annual incentive program and performance share program have been modified to select and balance performance criteria that are intended to reward performance and balance short-term achievement and long-term sustainability; and
  •  the mix of long-term incentive equity awards granted each year has been modified to include a restricted stock unit component that will have equal weighting with stock options and performance shares, to balance performance and retention incentives.
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