Alaska Airlines and Horizon Air 2012 Annual Report Download - page 82

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EXECUTIVE COMPENSATION
retirement, (i) restricted stock units would
become vested under the terms of our
equity plans; (ii) a prorated portion of the
performance stock units would vest at the
conclusion of the performance period based
on actual performance and the portion of the
performance period in which the executive
was employed; and (iii) stock options would
become fully vested upon death or disability
and vested to the extent they would have
vested in the next three years upon
retirement. Stock options would remain
exercisable for three years following
termination of employment or until their
expiration date, whichever comes first.
In the tables below, we have estimated the
potential cost to the Company of providing
the benefits shown to each of our Named
Executive Officers as if the executive’s
employment had terminated due to
retirement, death or disability, or change in
control on December 31, 2012. The value of
accelerated vesting shown in the “Equity
Acceleration” column below assumes the
performance share units pay at target. As
described above, except for the equity
acceleration value, the amount an executive
would be entitled to receive would be
reduced on a pro-rata basis for any time the
executive worked during the employment
period.
These calculations are estimates for proxy
disclosure purposes only. Actual payments
may differ based on factors such as
transaction price, timing of employment
termination and payments, methodology for
valuing stock options, changes in
compensation, and other factors.
Retirement
Cash
Severance(1)
Enhanced
Retirement
Benefit(2)
Benefit
Continuation(3)
Lifetime
Airfare
Benefit(4)
Equity
Acceleration(5)
Excise Tax
Gross-Up(6) Total
Bradley D. Tilden $0 $0 $0 $24,191 $4,291,968 $0 $4,316,159
Brandon S. Pedersen $0 $0 $0 $ 0 $1,030,637 $0 $1,030,637
Keith Loveless $0 $0 $0 $13,789 $1,587,413 $0 $1,601,202
Glenn S. Johnson $0 $0 $0 $11,292 $2,536,078 $0 $2,547,370
Benito Minicucci $0 $0 $0 $ 0 $2,517,707 $0 $2,517,707
William S. Ayer $0 $0 $0 $16,467 $6,740,950 $0 $6,757,417
Death or Disability
Cash
Severance(1)
Enhanced
Retirement
Benefit(2)
Benefit
Continuation(3)
Lifetime
Airfare
Benefit(4)
Equity
Acceleration(5)
Excise Tax
Gross-Up(6) Total
Bradley D. Tilden $0 $0 $0 $24,191 $4,320,217 $0 $4,344,408
Brandon S. Pedersen $0 $0 $0 $ 0 $1,039,926 $0 $1,039,926
Keith Loveless $0 $0 $0 $13,789 $1,601,775 $0 $1,615,564
Glenn S. Johnson $0 $0 $0 $11,292 $2,550,330 $0 $2,561,622
Benito Minicucci $0 $0 $0 $ 0 $2,535,268 $0 $2,535,268
William S. Ayer $0 $0 $0 $16,467 $6,740,950 $0 $6,757,417
66