SWY » Topics » Other Items of Note

This excerpt taken from the SWY DEF 14A filed Mar 27, 2009.

Other Items of Note

 

   

We currently do not have employment agreements with any executive officers;

   

We currently do not provide contractual change in control or severance benefits to any executive officer;

   

We have a policy that we will not enter into any severance agreement with an executive officer that provides severance benefits in excess of 2.99 times that executive’s most recent salary plus bonus, without stockholder approval;

 

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We have a policy for recouping bonuses paid to executive officers under certain circumstances; and

   

We have officer and director equity ownership guidelines that we expect our officers and directors to meet within five years of accepting a covered position.

 

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