The Compensation Committee designs our annual executive compensation program with the goal of achieving the following objectives:
| • | Attracting and retaining the NEOs needed to achieve our long-term business strategies; |
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| • | Motivating NEOs to create long-term shareholder value; |
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| • | Reflecting the role, scope, and complexity of each NEO’s position relative to other NEOs; |
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| • | Balancing the need to be competitive with our industry peers with our commitment to control costs; |
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| • | Targeting total direct compensation near the median of our peers; |
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| • | Balancing each NEO’s annual compensation opportunity between Company and individual performance; and |
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| • | Establishing performance targets for incentive compensation that align with both our short- and long-term business strategies. |
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