SkyWest Airlines 2013 Annual Report Download - page 198

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13.14. Foreign Employees and Consultants. Awards may be granted to Participants who are
foreign nationals or employed or providing services outside the United States, or both, on such terms
and conditions different from those applicable to Awards to Employees or Consultants providing
services in the United States as may, in the judgment of the Committee, be necessary or desirable in
order to recognize differences in local law or tax policy. The Committee also may impose conditions on
the exercise or vesting of Awards in order to minimize the Company’s obligation with respect to tax
equalization for Employees or Consultants on assignments outside their home country.
13.15. Compliance with Section 409A of the Code. This Plan is intended to comply and shall be
administered in a manner that is intended to comply with Section 409A of the Code and shall be
construed and interpreted in accordance with such intent. To the extent that an Award or the payment,
settlement or deferral thereof is subject to Section 409A of the Code, the Award shall be granted, paid,
settled or deferred in a manner that will comply with Section 409A of the Code, including regulations
or other guidance issued with respect thereto, except as otherwise determined by the Committee. Any
provision of this Plan that would cause the grant of an Award or the payment, settlement or deferral
thereof to fail to satisfy Section 409A of the Code shall be amended to comply with Section 409A of
the Code on a timely basis, which may be made on a retroactive basis, in accordance with regulations
and other guidance issued under Section 409A of the Code.
13.16 No Registration Rights; No Right to Settle in Cash. The Company has no obligation to
register with any governmental body or organization (including, without limitation, the SEC) any of:
(a) the offer or issuance of any Award; (b) any Shares issuable upon the exercise of any Award; or
(c) the sale of any Shares issued upon exercise of any Award, regardless of whether the Company in
fact undertakes to register any of the foregoing. In particular, in the event that any of: (i) any offer or
issuance of any Award; (ii) any Shares issuable upon exercise of any Award; or (iii) the sale of any
Shares issued upon exercise of any Award are not registered with any governmental body or
organization (including, without limitation, the SEC), the Company will not under any circumstance be
required to settle its obligations, if any, under this Plan in cash.
13.17. Captions. The captions in the Plan are for convenience of reference only, and are not
intended to narrow, limit or affect the substance or interpretation of the provisions contained herein.
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