Alaska Airlines and Horizon Air 2010 Annual Report Download - page 86

2010 NONQUALIFIED DEFERRED COMPENSATION
Under the Deferred Compensation Plan, the
Named Executive Officers and other key
employees may elect to receive a portion of
some or all of their Performance-Based Pay
awards on a deferred basis. There were no
deferrals in 2010. The crediting interest rate
for amounts deferred in prior years is based
on the mean between the high and the low
rates during the first 11 months of the
preceding year of yields of Ba2-rated
industrial bonds as determined by the plan
administrator (rounded to the nearest
one-quarter of one percent). Participants
under the plan have the opportunity to elect
among the investment funds offered under
our 401(k) plan for purposes of determining
the return on their plan accounts.
Alternatively, participants may allocate some
or all of their plan account to an interest-
bearing option with a rate equal to the yield
on a Moody’s index of Ba2-rated industrial
bonds as of November of the preceding
year, rounded to the nearest one-quarter of
one percent. Subject to applicable tax laws,
amounts deferred under the plan are
generally distributed on termination of the
participant’s employment, although
participants may elect an earlier distribution
date and/or may elect payment in a lump
sum or installments.
The following table presents information regarding the contributions to and earnings on the
Named Executive Officers’ balances under the Company’s nonqualified deferred compensation
plans during 2010, and also shows the total deferred amounts for the Named Executive
Officers as of December 31, 2010.
Name
(a)
Executive
Contributions
in Last FY
($)
(b)
Registrant
Contributions
in Last FY
($)
(c)
Aggregate
Earnings
in Last FY
($)(1)
(d)
Aggregate
Withdrawals/
Distributions
($)
(e)
Aggregate
Balance at
Last FYE
($)(1)
(f)
William S. Ayer 0 0 23,437 38,718 306,285
Glenn S. Johnson 0 0 44,566 128,833 556,172
Bradley D. Tilden 0 0 0 0 0
Benito Minicucci 0 45,718 3,033 0 26,196
Jeffrey D. Pinneo 0 1,087 11,906 0 72,392
Brandon S. Pedersen 0 25,730 3,455 0 38,750
(1) Only the portion of earnings on deferred compensation that is considered to be at above-market rates under
SEC rules is required to be included as compensation for each Named Executive Officer in Column (h) of the
Summary Compensation Table. However, total earnings for each Named Executive Officer listed in Column
(d) above were included as earnings in column (h) of the Summary Compensation Table.
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