I thought this was interesting Turbo.
Stock Ownership Guidelines
The committee believes that stock ownership by management closely aligns the interests of management with those of our shareholders. Accordingly, the committee has established stock ownership guidelines for senior management, including our named executive officers. The guidelines require our senior management, including named executive officers, to achieve equity ownership targets based upon a multiple of current base salary ranging from two times base salary to five times base salary depending on the position. The stock is valued at the higher of the current market price or the average of the five previous closing prices on the last day of fiscal year 2008. The committee expects our named executive officers to achieve the equity targets within five years of hire or promotion to an eligible position although the five year period has not expired for any of our named executive officers. As of December 31, 2008, our named executive officers have not yet achieved their equity ownership targets. There are no penalties for failing to achieve the equity targets. Given the decline in the closing price of our stock, the committee expects to review the stock ownership guidelines once the Company emerges from its Chapter 11 proceedings.
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