SkyWest Airlines 2010 Annual Report Download - page 159

The table below shows the funds available under the Atlantic Southeast Deferred Compensation
Plan, and the annual rate of return for the calendar year ended December 31, 2010:
Name of Fund Rate of Return
American Century Equity Income-Inv ........................ 13.29%
American Century International Growth-Inv ................... 13.70%
American Century Premium Money Market-Inv ................. 0.01%
American Century Short-Term Government-Inv ................. 2.27%
American Century Strategic Aggressive-Inv .................... 15.31%
American Century Strategic Conservative-Inv ................... 9.70%
American Century Strategic Moderate-Inv ..................... 12.75%
American Century Ultra-Inv ............................... 16.56%
American Century Value-Inv ............................... 13.41%
Buffalo Small Cap ...................................... 16.59%
JP Morgan Equity Index-Select ............................. 14.82%
POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL
The information below describes and quantifies certain payments or benefits that would be payable
under the existing plans and programs of the Company and its subsidiaries if an Executive’s
employment had terminated on December 31, 2010, or the Company had undergone a change in
control on December 31, 2010. These benefits are in addition to benefits generally available to all
salaried employees of the Company in connection with a termination of employment, such as
distributions from the 401(k) Plans, disability and life insurance benefits, the value of employee-paid
group health plan continuation coverage under the Consolidated Omnibus Reconciliation Act, or
‘‘COBRA’’ and accrued vacation pay. The Executives do not have any other severance benefits,
severance agreements or change-in-control agreements.
Accelerated Vesting of Stock Options and Stock Awards Upon Change In Control. Under the
Company’s long-term incentive plans, all outstanding stock options, shares of restricted stock, restricted
stock units and performance units held by an Executive on December 31, 2010, would become fully
vested upon a ‘‘change in control’’ without regard to whether the Executive terminated employment in
connection with or following the change in control. The Company’s long-term incentive plans generally
define a ‘‘change in control’’ as any of the following events: (i) the acquisition by any person of 50% or
more of the Company’s voting shares, (ii) replacement of a majority of the Company’s directors within
a two-year period under certain conditions, or (iii) shareholder approval of a merger in which the
Company is not the surviving entity, sale of substantially all of the Company’s assets or liquidation. The
following table shows for each Executive the intrinsic value of his unvested stock option, unvested
restricted stock and unvested restricted stock units and performance units as of December 31, 2010,
that would have been accelerated had a change in control of the Company occurred on that date,
calculated by multiplying the number of underlying shares by the closing price of the Common Stock
on the last trading day of 2010 ($15.62 per share) and, in the case of stock options, by then subtracting
the applicable option exercise price. The Company has not agreed to provide any Executive with any
gross-up or reimbursement for excise taxes imposed on ‘‘excess parachute payments’’ under
Section 280G of the Code.
Early Vesting of Early Vesting of Early Vesting of Early Vesting of
Name Stock Options Restricted Stock Restricted Stock Units Performance Units
Jerry C. Atkin ............... $112,126 $258,053 $612,741 $759,296
Bradford R. Rich ............ $ 65,352 $144,989 $361,790 $446,935
Russell A. Childs ............ $ 57,728 $132,832 $313.368 $388,816
Bradford R. Holt ............ $ 54,330 $124,530 $303,387 $379,307
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