Alaska Airlines and Horizon Air 2010 Annual Report Download - page 88

In the tables below, we have estimated the potential cost to us of the payments and benefits
each Named Executive Officer would have received if his employment had terminated due to
retirement, death or disability, or change in control on December 31, 2010. As described
above, except for the equity acceleration value, the amount an executive would be entitled to
receive would be reduced pro-rata for any period the executive actually worked during the
employment period.
Retirement
Cash
Severance
Enhanced
Retirement
Benefit
Benefit
Continuation
Lifetime
Airfare
Benefit(4)
Equity
Acceleration(5)
Excise Tax
Gross-Up Total
William S. Ayer $0 $0 $0 $10,956 $11,229,094 $0 $11,240,050
Glenn S. Johnson $0 $0 $0 $ 0 $ 3,263,348 $0 $ 3,263,348
Bradley D. Tilden $0 $0 $0 $ 0 $ 4,472,681 $0 $ 4,472,681
Benito Minicucci $0 $0 $0 $ 0 $ 3,897,357 $0 $ 3,897,357
Jeffrey D. Pinneo $0 $0 $0 $ 0 $ 2,395,380 $0 $ 2,395,380
Brandon S. Johnson $0 $0 $0 $ 0 $ 1,216,555 $0 $ 1,216,555
Death or Disability
Cash
Severance
Enhanced
Retirement
Benefit
Benefit
Continuation
Lifetime
Airfare
Benefit(4)
Equity
Acceleration(5)
Excise Tax
Gross-Up Total
William S. Ayer $0 $0 $0 $10,956 $11,455,210 $0 $11,466,266
Glenn S. Johnson $0 $0 $0 $ 0 $ 3,320,751 $0 $ 3,320,751
Bradley D. Tilden $0 $0 $0 $ 0 $ 4,561,715 $0 $ 4,561,715
Benito Minicucci $0 $0 $0 $ 0 $ 3,951,832 $0 $ 3,951,832
Jeffrey D. Pinneo $0 $0 $0 $ 0 $ 2,441,068 $0 $ 2,441,068
Brandon S. Johnson $0 $0 $0 $ 0 $ 1,231,550 $0 $ 1,231,550
Change in Control
Cash
Severance(1)
Enhanced
Retirement
Benefit(2)
Benefit
Continuation(3)
Lifetime
Airfare
Benefit(4)
Equity
Acceleration(5)
Excise Tax
Gross-Up Total
William S. Ayer $2,752,539 $181,460 $165,951 $10,956 $11,878,596 $1,960,310 $16,949,812
Glenn S. Johnson $1,815,589 $764,464 $128,054 $ 0 $ 3,532,394 $1,273,432 $ 7,513,932
Bradley D. Tilden $2,196,610 $457,923 $153,020 $ 0 $ 4,890,517 $1,564,495 $ 9,262,585
Benito Minicucci $1,648,049 $ 14,700 $118,002 $ 0 $ 4,152,136 $1,141,980 $ 7,074,796
Jeffrey D. Pinneo $1,260,000 $431,339 $ 99,560 $ 0 $ 2,611,138 $ 822,806 $ 5224,843
Brandon S. Johnson $1,178,694 $ 13,163 $ 96,048 $ 0 $ 1,287,106 $ 570,250 $ 3,145,262
(1) Represents the amount obtained by multiplying three by the sum of the executive’s highest rate of base salary
during the preceding 12 months and the higher of the executive’s target incentive or his average incentive for
the three preceding years.
(2) Represents the sum of (a) except in the case of Mr. Minicucci and Mr. Pedersen, the actuarial equivalent of an
additional three years of age and service credit under our qualified and non-qualified retirement plan using the
executive’s highest rate of salary during the preceding 12-months prior to a change in control, (b) except in the
case of Mr. Minicucci and Mr. Pedersen, the present value of the accrued but unvested portion of the
non-qualified retirement benefits that would vest upon a change of control, (c) the matching contribution the
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