Alaska Airlines and Horizon Air 2007 Annual Report Download - page 70
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(5) For purposes of this calculation, we have assumed that the executive’s outstanding stock options would be
assumed by the acquiring company pursuant to a change of control.
This calculation is an estimate for proxy disclosure purposes only. Payments on an actual change in control
may differ based on factors such as transaction price, timing of employment termination and payments,
methodology for valuing stock options, changes in compensation, and reasonable compensation analyses.
Mr. Finan retired as an executive officer and employee of the Company on January 1, 2008. In accordance with
his Employment, Retirement and Non-Compete Agreement he received a bonus of $200,000 upon his
retirement. In accordance with his Consulting Agreement, he will receive a retainer of $276,000 for consulting
services during the period from January 2, 2008 through January 1, 2009.
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