SkyWest Airlines 2012 Annual Report Download - page 160

The table below shows the funds available under the ExpressJet Deferred Compensation Plan, and
the annual rate of return for the calendar year ended December 31, 2012:
Name of Fund Rate of Return
American Century Equity Income-Inst ........................ 11.58%
American Century International Growth-Inst ................... 22.16%
American Century Premium Money Market-Inv ................. 0.02%
American Century Short-Term Government-Inv ................. 0.30%
American Century Strategic Alloc Aggressive-Inv ................ 15.03%
American Century Strategic Alloc Conservative-Inv .............. 9.58%
American Century Strategic Alloc Moderate-Inv ................. 12.83%
American Century Value-Inst .............................. 14.76%
Buffalo Small Cap ...................................... 19.93%
JPMorgan Equity Index-Select .............................. 15.76%
JPMorgan Large Cap Growth-R6 ........................... 12.38%
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, 2012, or the Company had undergone a change in
control on December 31, 2012. 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 prior 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, 2012, would have
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, 2012, that would have been accelerated had a change in control of the Company
occurred on that date, calculated in the case of restricted stock, restricted stock units and stock options,
by multiplying the number of underlying shares by the closing price of the Common Stock on the last
38