SkyWest Airlines 2013 Annual Report Download - page 174
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Share Counting: ............. Shares subject to stock options and stock appreciation rights will
reduce the shares available for awards by one share for every one
share granted.
Restricted stock, restricted stock units and other awards (excluding
options and stock appreciation rights) settled in shares of Common
Stock will reduce the shares available for awards by 1.65 shares for
every one share awarded.
Awards settled in cash do not count against the pool of available
shares.
Shares tendered or withheld to pay taxes or an option’s exercise
price are not available for re-issuance and count against the pool
of available shares.
Shares under cancelled, terminated, forfeited or expired awards
under the 2010 Plan are added back to the available share pool.
Shares under cancelled, terminated, forfeited or expired awards
under the Company’s 2006 Long-Term Incentive Plan and earlier
equity-based compensation plan (‘‘Prior Plans’’) are also added
back to the maximum under the 2010 Plan.
Vesting: ................... Vesting will be determined by the Compensation Committee at
time of each grant.
In the event of a change of control with respect to the Company,
unless otherwise provided in the applicable award agreement:
(i) stock options and stock appreciation rights become fully
exercisable and performance awards, restricted stock and restricted
stock units become fully vested if such awards are assumed or
substituted for by the acquiring or successor company and the
participant’s employment is terminated within 24 months of the
change in control without ‘‘cause’’ or for ‘‘good reason’’; or (ii) if
not assumed or substituted for by the acquiring or successor
company, become fully exercisable and vested upon the change in
control.
On a change in control with respect to the Company, the
Compensation Committee may settle awards for cash.
Deposits: .................. The Compensation Committee may require escrow deposits of
Common Stock owned by the participant as a condition to
restricted stock awards.
Not Permitted Without
Shareholder Approval: ...... (1) Increases in the number of shares authorized, (2) Grants of
stock options or stock appreciation rights having an exercise price
below fair market value, (3) Repricing of stock options or stock
appreciation rights, or (4) Changes to individual limits on awards
intended to satisfy Code Section 162(m).
Eligibility. Only employees, directors and consultants of the Company and its subsidiaries are
eligible to receive awards under the 2010 Plan. The Compensation Committee determines which
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