Alaska Airlines and Horizon Air 2010 Annual Report Download - page 35

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PROPOSAL 4.
ADVISORY VOTE ON FREQUENCY OF FUTURE ADVISORY
VOTE ON NAMED EXECUTIVE OFFICER COMPENSATION
As described in Proposal No. 3 above, the
Company’s stockholders are being provided
the opportunity to cast an advisory vote on
the compensation of the Company’s named
executive officers.
This Proposal No. 4 affords stockholders the
opportunity to cast an advisory vote on how
often the Company should include an
advisory vote on executive compensation in
its proxy materials for future annual
stockholder meetings (or special
stockholder meeting for which the Company
must include executive compensation
information in the proxy statement for that
meeting). Under this Proposal No. 4,
stockholders may vote to have the advisory
vote on executive compensation held every
one year, every two years or every three
years.
After careful consideration, our Board of
Directors believes that advisory votes on
executive compensation should be
conducted every year so that stockholders
may annually express their views on the
Company’s executive compensation
program. The Compensation Committee,
which administers the Company’s executive
compensation program, values the opinions
expressed by stockholders in these votes
and will consider the outcome of these
votes when making future compensation
decisions for our named executive officers.
This proposal on the frequency of future
advisory votes on executive compensation is
advisory only and will not be binding on the
Company or our Board. In voting on this
proposal, you will be able to indicate your
preference regarding the frequency of future
advisory votes on executive compensation
by specifying a choice of one year, two years
or three years. If you do not have a
preference regarding the frequency of future
advisory votes on executive compensation,
you should abstain from voting on the
proposal. Stockholders are not voting to
approve or disapprove the Board’s
recommendation. Although non-binding, the
Board and the Compensation Committee will
carefully review the voting results.
Notwithstanding the Board’s
recommendation and the outcome of the
stockholder vote, the Board may in the
future decide to conduct advisory votes on
executive compensation on a more or less
frequent basis and may vary practice based
on factors such as discussions with
stockholders and the adoption of material
changes to the Company’s executive
compensation program.
THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE TO HOLD FUTURE
ADVISORY VOTES ON EXECUTIVE COMPENSATION EVERY ONE YEAR (AS OPPOSED
TO EVERY TWO YEARS OR EVERY THREE YEARS).
ŠProxy
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