Starwood 2010 Annual Report Download - page 47

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(5) Pursuant to SEC rules, perquisites and personal benefits are not reported for any Named Executive Officer for
whom such amounts were less than $10,000 in the aggregate for a year but must be identified by type for each
Named Executive Officer for whom the aggregate amount was equal to or greater than $10,000 in the aggregate.
In that regard, the All Other Compensation column of the Summary Compensation Table includes perquisites
and other personal benefits consisting of the following: annual physical examinations, Company contributions
to the Company’s tax-qualified 401(k) plan, dividends on restricted stock, life insurance premiums, legal fees
paid by the Company, spousal accompaniment while on business travel, and tax and financial planning services.
SEC rules further require specification of the cost of any perquisite or personal benefit when this cost exceeds
$25,000. This applies to Mr. van Paasschen’s personal travel (discussed below). These amounts are included in
the All Other Compensation column.
There was no net aggregate incremental cost to the Company of Mr. van Paasschen’s personal use of the
Company-owned plane and chartered aircraft in 2010; in 2009 there was $3,746, all of which he reimbursed to
the Company in January 2010; and in 2008, there was $329,480. With respect to expenses incurred in 2008,
Mr. van Paasschen’s employment agreement provides that the Company would provide Mr. van Paasschen with
up to a $500,000 credit for personal use of the Company’s aircraft during the first 12 months of his employment
with the Company. These amounts (other than the reimbursed expenses for use of the Company-owned plane
and chartered aircraft in 2009) are included in the All Other Compensation column.
The cost of the Company-owned plane includes the cost of fuel, ground services and landing fees, navigation
and telecommunications, catering and aircraft supplies, crew expenses, aircraft cleaning and an allocable share
of maintenance. Pursuant to SEC rules, the following table specifies the value for each element of All Other
Compensation not specified above (other than perquisites and personal benefits) that is valued in excess of
$10,000.
Name
Dividend
Equivalents on
Restricted Stock
($) (2010)
Dividend
Equivalents on
Restricted Stock
($) (2009)
Relocation
($) (2009)
Dividend
Equivalents on
Restricted Stock
($) (2008)
Relocation
($) (2008)
van Paasschen ....... 151,699 — 31,438 — 165,328
Avril ............... 30,671 57,254 — 150,728 —
Prabhu ............. 48,135 85,186 — 69,917 —
Siegel .............. 105,221 89,225 — 76,538 —
Turner ............. — — — — —
(6) Represents special one-time cash bonus enhancements awarded by the Compensation Committee in recog-
nition of 2009 accomplishments.
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