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This excerpt taken from the WYN DEF 14A filed Mar 17, 2008. Section 162(m)
of the Internal Revenue Code of 1986
Section 162(m) of the Internal Revenue Code generally
disallows a federal income tax deduction to public companies for
compensation in excess of $1,000,000 paid to the CEO and certain
highly compensated executive officers during any taxable year,
unless such compensation is performance based and meets certain
requirements. We expect to claim an income tax deduction for
2007 compensation paid to our CEO and executive officers to the
extent permitted by this section of the Internal Revenue Code.
This excerpt taken from the WYN DEF 14A filed Mar 13, 2007. Section 162(m)
of the Internal Revenue Code of 1986
The federal tax laws impose requirements in order for
compensation payable to the CEO and certain executive officers
to be fully deductible and generally provide that compensation
in excess of a certain amount is deductible only if it is
performance-based compensation and meets certain requirements.
In 2007, we expect to claim an income tax deduction for 2006
compensation paid to our CEO and executive officers to the
extent permitted by this section of the Internal Revenue Code.
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