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This excerpt taken from the LLTC DEF 14A filed Sep 23, 2009. Base
Salary - A
competitive base salary is provided to each executive officer to recognize the
skills and experience the individual brings to the Company and the day-to-day
performance contributions he or she makes. Base salary is predicated on
subjective performance judgments as to the past and expected future contribution
by the individual executive officer. The Company’s Compensation Committee also
considers the base salaries of executives at its peer companies in setting base
salaries. In general, salary increases are made based on cost of living
increases and, if appropriate, changes in responsibilities. Base salaries for
each of the Named Executive Officers are reflected in the column labeled
"Salary" of the Summary Compensation Table on page 30.
This excerpt taken from the LLTC DEF 14A filed Sep 23, 2008. Base
Salary - A
competitive base salary is provided to each executive officer to recognize the
skills and experience the individual brings to the Company and the day-to-day
performance contributions he or she makes. Base salary is predicated on
performance judgments as to the past and expected future contribution of the
individual executive officer. In general, salary increases are made based on
cost of living increases and, if appropriate, changes in responsibilities. Base
salaries for each of the Named Executive Officers are reflected in the column
labeled “Salary” of the Summary Compensation Table on page 20.
This excerpt taken from the LLTC DEF 14A filed Sep 26, 2007. Base
Salary - A
competitive base salary is provided to each executive officer to recognize the
skills and experience the individual brings to the Company and the performance
contributions he or she makes. Base salary is predicated on performance
judgments as to the past and expected future contribution of the individual
executive officer. In general, salary increases are made based on cost of living
increases and, if appropriate, changes in responsibilities. Base salaries for
each of the Named Executive Officers are reflected in the column labeled
"Salary" of the Summary Compensation Table on page 18.
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