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This excerpt taken from the NSHA DEF 14A filed Mar 27, 2007. Compensation
Discussion and Analysis
The Leadership and Compensation Committee of our Board of
Directors oversees our executive compensation program. In this
role, the Leadership and Compensation Committee reviews and
approves annually all compensation decisions relating to our
named executive officers.
Objectives
and Philosophy of our Executive Compensation Program
The primary goals of the Leadership and Compensation Committee
with respect to executive compensation are to:
To achieve these goals, the Leadership and Compensation
Committee has implemented and maintained compensation plans that
tie a portion of executive compensation to short term goals such
as achievement of targeted financial performance. We also
provide a portion of our executive compensation in the form of
restricted stock grants that vest over time, which we believe
helps to retain our executives and aligns their interests with
those of our shareholders by allowing them to participate in the
longer term success of our company as reflected in stock price
appreciation. We evaluate the performance of the president and
chief
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executive officer and rely on input from the president and chief
executive officer as it relates to other senior management
executives. Our goal is to set compensation at levels we believe
are competitive with executives in other companies of similar
size within our industry and our region that compete with us for
our executive talent, while taking into account relative
experience, performance and our strategic goals. The Leadership
and Compensation Committee generally targets overall
compensation for executives based on compensation paid to
similarly situated executives at companies of our size. We have
not retained a compensation consultant to review our executive
compensation policies and procedures.
Components
of our Executive Compensation Program
The primary elements of our executive compensation program are:
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