SkyWest Airlines 2013 Annual Report Download - page 173

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APPENDIX A
TO
PROXY STATEMENT
Summary of Material Features of the SkyWest 2010 Long-Term Incentive Plan
The following summary of the material features of the 2010 Plan is subject to the full text of the
2010 Plan that is contained in Appendix B to this Proxy Statement.
Plan Term: ................. Ten years from date of shareholder approval on May 4, 2010
Eligible Participants: .......... Employees, directors and consultants selected by the Compensation
Committee
Shares Authorized: ........... 5,150,000 shares of Common Stock, subject to certain adjustments
Shares Authorized as a
Percentage of Outstanding
Common Stock: ........... Approximately 10.0% at March 5, 2014
Recent Market Value per Share: . $12.66 (the closing sales price on The Nasdaq Global Select
Market at March 5, 2014)
Award Types: ............... (1) Incentive stock options, (2) non-qualified stock options,
(3) restricted stock, (4) restricted stock units, (5) other share-based
awards, (6) stock appreciation rights and (7) performance awards,
including annual and long-term cash awards. Other than options,
which are always settled in shares of Company stock, awards may
be paid in cash or stock as determined by the Compensation
Committee
Limits on Option Term: ....... The maximum permitted term of any stock option or stock
appreciation right under the 2010 Plan is seven years.
Individual Limits On Awards: . . . No participant may be granted options and stock appreciation
rights with respect to more than 1,000,000 shares in any 36-month
period. No participant may earn more than 500,000 shares in any
36-month period under restricted stock awards, restricted stock
unit awards, other share-based awards, or performance awards that
are intended to comply with the ‘‘qualified performance-based
compensation’’ exception to Code Section 162(m). No participant
may earn more than $5,000,000 in cash under any performance
cash award that are intended to comply with the ‘‘qualified
performance based compensation’’ exception to Code
Section 162(m) for each 12 months in a performance period.
59