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35

Program

Description

Participants

Objectives

Long‐Term Incentive Programs

Long‐Term

Incentive (LTI)

Equity Awards

Long‐term incentive

awards paid in Stock

Appreciation Rights,

Restricted Stock Units

and Performance Share

Units

All executive

officers and key

employees

Drive superior

performance

● Individual

contribution

● Increase stock

price

Focus on long‐term

success

Ownership

Retention

Shareholder

Alignment

Retirement Programs

Retirement

(401(k)) Savings

Plan

Company matching and

annual contributions

All U.S.

Employees

Retention

Competitive

Practices

Target

Supplemental

Retirement Plan

Retirement benefits for

executives who have at

least 10 years of service

and work with us until

the age of 58

Key Executives

Retention

Competitive

Practices

Other Executive Benefits

Perquisites and

Executive

Benefits

Available to certain

executives to assure

protection of Company

assets and/or focus on

Company business with

minimal disruption

Specific benefits

are offered to

different groups

of executive

officers based on

business purpose

Retention

Competitive

Practices

Other Benefits

Medical, welfare and

other benefits

All employees

Retention

Competitive

Practices