SWM » Topics » Compensation Philosophy

This excerpt taken from the SWM DEF 14A filed Mar 6, 2009.

Compensation Philosophy

        The Company's compensation philosophy centers on 3 tenets:

    Pay for performance

    Alignment with stockholders

    Total compensation set at market value for like skills and responsibilities
This excerpt taken from the SWM DEF 14A filed Mar 7, 2008.

Compensation Philosophy

        The Company's compensation philosophy centers on 3 tenets:

    Pay for performance

    Alignment with stockholders

    Total compensation set at market value for like skills and responsibilities

This excerpt taken from the SWM DEF 14A filed Mar 2, 2007.
Compensation Philosophy  Our core executive compensation program consists of base salary, incentive compensation and equity grants. Incentive compensation targets the accomplishment of short-term objectives that are measured over one fiscal year and longer-term objectives that are typically measured over a 3-year period. Equity grants are both performance-based and time-based depending on the purpose of the grant. The compensation program has a competitive based design that is directed toward the objectives of attracting, retaining and motivating high quality executive talent to increase stockholder value. The incentive compensation components are intended to provide increased value to stockholders that exceed the value of any payout to the executives at the various award levels measured on the basis of earnings per share or other performance metrics that are designed to contribute to increased earnings per share over an award cycle. Total compensation and the individual components of total compensation are based primarily on market analyses with a degree of judgment applied with respect to other factors, including the performance and experience of the incumbent, performance of the Corporation and the various business units and the relative value of the executive’s position within the Corporation as compared to peers used in setting executive compensation.

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