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The Elements of Total Compensation
We achieve our executive compensation objectives through the following ongoing programs. All
of our NEOs participate in these programs.
Program
Description
Participants
Objectives
Annual Cash Compensation
Base Salary
Annual cash
compensation
All employees
Retention
Competitive
Practices
● Individual
contribution
Shareholder
Value Added
(SVA) Annual
Cash Incentive
Annual cash incentive
with target awards
established at each
employee level
Payments can be higher
(subject to a 200% cap)
or lower than target,
based on business unit
and total company
annual results
Amounts earned above
target are deferred and
remain subject to
forfeiture until they are
paid; payment occurs in
three equal annual
installments beginning in
the second year
following the
performance period
All executive
officers and key
employees
Drive superior
performance
● Across total
company
● Across
business units
Competitive
Practices
Retention
Shareholder
Alignment