SWY » Topics » A. Objectives of the Compensation Programs

This excerpt taken from the SWY DEF 14A filed Apr 4, 2007.

A. Objectives of the Compensation Programs

 

Our compensation programs for our executive officers are designed to attract and retain excellent managers, and to motivate these managers to increase the market value of our stock over the long term. In support of these principal objectives, the compensation programs are designed to:

 

   

Provide our executives with base salaries, retirement and other benefits and perquisites that are competitive with those provided by other companies with whom we compete for executive talent;

   

Pay annual bonuses that reward our executives for the attainment of our annual financial, operational and strategic goals;

   

Grant our executives equity-based compensation that will motivate them to improve our long-term performance and, specifically, to increase the market value of our stock price over time, in addition to helping retain those executives; and

   

Motivate our executives to improve their individual performances.

 

In comparison to similar companies, we believe our compensation programs place greater emphasis on the achievement of company-wide goals, rather than on the achievement of individual goals. We also believe that, in compensating our executives, we place greater emphasis than other companies on the objective of increasing the market value of our stock. We believe both of these points of difference help align the interests of our executives with those of our stockholders, promote the objective of compensating our executives for company-wide performance and advance our objective of increasing stockholder returns.

 

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