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This excerpt taken from the RAH DEF 14A filed Nov 30, 2009. Deductibility
of Certain Executive Compensation
A feature of the Omnibus Budget Reconciliation Act of 1993 sets
a limit on deductible compensation of $1,000,000 per person, per
year for the Chief Executive Officer and the next four
highest-paid executives. While it is the general intention of
the Committee to meet the requirements for deductibility, the
Committee may, in the exercise of its judgment, approve payment
of compensation from time to time that may not be fully
deductible. The Committee believes this flexibility will enable
it to respond to changing business conditions, or to an
executive’s exceptional individual performance. The
Committee will continue to review and monitor its policy with
respect to the deductibility of compensation.
Table of Contents
This excerpt taken from the RAH DEF 14A filed Nov 26, 2008. Deductibility of Certain Executive Compensation A feature of the Omnibus Budget Reconciliation Act of 1993 sets a limit on deductible compensation of $1,000,000 per person, per year for the Chief Executive Officer and the next four highest-paid executives. While it is the general intention of the Committee to meet the requirements for deductibility, the Committee may, in the exercise of its judgment, approve payment of compensation from time to time that may not be fully deductible. The Committee believes this flexibility will enable it to respond to changing business conditions, or to an executive’s exceptional individual performance. The Committee will continue to review and monitor its policy with respect to the deductibility of compensation.
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Table of ContentsThis excerpt taken from the RAH DEF 14A filed Nov 29, 2007. Deductibility of Certain Executive Compensation A feature of the Omnibus Budget Reconciliation Act of 1993 sets a limit on deductible compensation of $1,000,000 per person, per year for the Chief Executive Officer and the next four highest-paid executives. While it is the general intention of the Committee to meet the requirements for deductibility, the Committee may, in the exercise of its judgment, approve payment of compensation from time to time that may not be fully deductible. The Committee believes this flexibility will enable it to respond to changing business conditions, or to an executive’s exceptional individual performance. The Committee will continue to review and monitor its policy with respect to the deductibility of compensation. This excerpt taken from the RAH DEF 14A filed Dec 13, 2006. Deductibility of Certain Executive Compensation A feature of the Omnibus Budget Reconciliation Act of 1993 sets a limit on deductible compensation of $1,000,000 per person, per year for the Chief Executive Officer and the next four highest-paid executives. While it is the general intention of the Committee to meet the requirements for deductibility, the Committee may, in the exercise of its judgement, approve payment of compensation from time to time that may not be fully deductible. The Committee believes this flexibility will enable it to respond to changing business conditions, or to an executive’s exceptional individual performance. The Committee will continue to review and monitor its policy with respect to the deductibility of compensation.
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