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SWY » Topics » FOR EXECUTIVE OFFICERS OF SAFEWAY INC.

This excerpt taken from the SWY DEF 14A filed Apr 12, 2006.

FOR EXECUTIVE OFFICERS OF SAFEWAY INC.

 

Safeway Inc., a Delaware corporation (the “Company”), previously adopted The Operating Performance Bonus Plan for Executive Officers of Safeway Inc. (the “Plan”). The objectives of the Plan are to motivate and reward executives to produce results that increase stockholder value and to encourage individual and team behavior that helps the Company achieve both short and long-term corporate objectives.

 

Under the terms of the Plan, the Board of Directors of the Company (the “Board”) reserved the right to amend the Plan. The Board of Directors of the Company has adopted this amendment and restatement of the Plan, effective with respect to bonuses for fiscal years beginning on or after December 31, 2000, subject to approval of this amendment and restatement of the Plan by the stockholders of the Company.

 

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