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This excerpt taken from the SKYW DEF 14A filed Mar 27, 2007. Other
Benefits. Other benefits are provided to the
NEOs in order to achieve a competitive pay package as detailed in the Summary
Compensation Table on page 19 below. The Compensation Committee believes
that those benefits, which are detailed in the Summary Compensation Table under
the heading “All Other Compensation,” are reasonable, competitive and
consistent with the Company’s overall executive compensation program. Those
benefits consist principally of employer contributions to the Deferred
Compensation Plans on behalf of NEOs, employer-paid premiums on health
insurance, personal automobile allowances, country club dues, and personal use
of the Company’s recreational equipment.
Additionally, the Company and its subsidiaries maintain a non-discriminatory, broad-based program under which Company employees and their dependents, including the NEOs and their dependents, may fly without charge on regularly scheduled flights of aircraft operated by the Company’s subsidiaries in otherwise unsold seats on a “standby” basis. The value of such aircraft use is not included in the “All Other Compensation” column in the Summary Compensation Table. 17 |
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