SLGN » Topics » Compensation Philosophy

This excerpt taken from the SLGN DEF 14A filed Apr 21, 2009.

Compensation Philosophy

The Compensation Committee strives to establish a compensation program for the executive officers of the Company that meets the following objectives:

 

  1. attracts and retains executive officers and provides fair compensation, taking into account responsibilities and the employment markets in which the Company and its subsidiaries compete;

 

  2. rewards executive officers for achieving the Company’s short-term business goals and long-term creation of shareholder value; and

 

  3. aligns the interests of the Company’s executive officers and stockholders.

The components of the compensation program for all executive officers of the Company are base salary, annual cash incentive bonus and equity-based compensation. In addition, all executive officers of the Company other than the Chief Executive Officer, or CEO, Chief Financial Officer, or CFO, and Executive Vice President, Operations, or EVP Operations, receive other benefits typically provided to officers (such as pension, 401(k) and other retirement benefits, medical benefits and life insurance benefits), and certain of these executive officers also receive limited perquisites and other personal benefits.

This excerpt taken from the SLGN DEF 14A filed Apr 25, 2008.

Compensation Philosophy

The Compensation Committee strives to establish a compensation program for the executive officers of the Company that meets the following objectives:

 

  1. attracts and retains executive officers and provides fair compensation, taking into account responsibilities and the employment markets in which the Company and its subsidiaries compete;

 

  2. rewards executive officers for achieving the Company’s short-term business goals and long-term creation of shareholder value; and

 

  3. aligns the interests of the Company’s executive officers and stockholders.

The components of the compensation program for all executive officers of the Company are base salary, annual cash incentive bonus and equity-based compensation. In addition, all executive officers of the Company other than the Chief Executive Officer, or CEO, Chief Financial Officer, or CFO, and Executive Vice President, Operations, or EVP Operations, receive other benefits typically provided to officers (such as pension, 401(k) and other retirement benefits, medical benefits and life insurance benefits), and certain of these executive officers receive limited perquisites and other personal benefits.

This excerpt taken from the SLGN DEF 14A filed Apr 26, 2007.

Compensation Philosophy

The Compensation Committee strives to establish a compensation program for the executive officers of the Company that meets the following objectives:

 

  1. attracts and retains executive officers and provides fair compensation, taking into account responsibilities and the employment markets in which the Company and its subsidiaries compete;

 

  2. rewards executive officers for achieving the Company’s short-term business goals and long-term creation of shareholder value; and

 

  3. aligns the interests of the Company’s executive officers and stockholders.

The components of the compensation program for executive officers of the Company are base salary, annual cash incentive bonus, equity-based compensation and, for all executive officers of the Company other than the Chief Executive Officer, or CEO, and Chief Financial Officer, or CFO, other benefits typically provided to officers (such as pension, 401(k) and other retirement benefits, medical benefits and life insurance benefits).

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