Alaska Airlines and Horizon Air 2013 Annual Report Download - page 80

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EXECUTIVE COMPENSATION
become vested under the terms of our
equity plans; (ii) a prorated portion of the
performance stock units would vest at the
conclusion of the performance period based
on actual performance and the portion of the
performance period in which the executive
was employed; and (iii) stock options would
become fully vested upon death or disability
and would become vested to the extent they
would have vested in the next three years
upon retirement. Stock options would
remain exercisable for three years following
termination of employment or until their
expiration date, whichever comes first.
In the tables below, we have estimated the
potential cost to the Company of providing
the benefits shown to each of our Named
Executive Officers as if the executive’s
employment had terminated due to
retirement, death or disability, or change in
control on December 31, 2013. The value of
accelerated vesting shown in the Equity
Acceleration column below assumes the
performance share units pay at target. As
described above, except for the equity
acceleration value, the amount an executive
would be entitled to receive would be
reduced on a pro-rata basis for any time the
executive worked during the employment
period.
These calculations are estimates for proxy
disclosure purposes only. Actual payments
may differ based on factors such as
transaction price, timing of employment
termination and payments, methodology for
valuing stock options, changes in
compensation, and other factors.
Retirement
Cash
Severance
Enhanced
Retirement
Benefit
Benefit
Continuation
Lifetime
Airfare
Benefit(1)
Equity
Acceleration(2) Total
Bradley D. Tilden $0 $0 $0 $14,940 $6,076,201 $6,091,141
Brandon S. Pedersen $0 $0 $0 $13,781 $1,820,798 $1,834,579
Glenn S. Johnson $0 $0 $0 $12,206 $2,866,020 $2,878,226
Benito Minicucci $0 $0 $0 $ 0 $3,183,682 $3,183,682
Keith Loveless $0 $0 $0 $10,540 $2,416,901 $2,427,441
Death or Disability
Cash
Severance
Enhanced
Retirement
Benefit
Benefit
Continuation
Lifetime
Airfare
Benefit(1)
Equity
Acceleration(2) Total
Bradley D. Tilden $0 $0 $0 $14,940 $6,192,565 $6,207,505
Brandon S. Pedersen $0 $0 $0 $13,781 $1,861,854 $1,875,635
Glenn S. Johnson $0 $0 $0 $12,206 $2,927,199 $2,939,405
Benito Minicucci $0 $0 $0 $ 0 $3,244,861 $3,244,861
Keith Loveless $0 $0 $0 $10,540 $2,478,080 $2,488,620
ŠProxy
73