Our Long-Term Incentive Plan (LTIP) rewards the leaders of our company for creating positive, sustained business results. The LTIP also allows our leadership to build an ownership position in the company, which helps us all focus on the reward potential of share price appreciation.

There are three types of Long-Term Incentives offered to executives:

• Stock options: Allows you to purchase shares of company stock at a fixed price at a discount on the grant date
• Performance units: Long-term incentive payable in cash if financial goals are met by the end of a three-year performance period
• Restricted stock shares or units: Awards you company stock over a specified vesting period(typically pro rata over three years)

Participation in the LTIP is based on your current performance and potential contributions to the company’s future success. You are eligible for consideration for participation as long as you remain an active employee of the company, in good standing, and as long as the Compensation Committee of the Board of Directors continues to make LTI grants.

The date of the grant and the exercise price for Stock Options is set by the Compensation Committee of the Board of Directors as described in the plan document.

After you receive an LTIP award, you will be provided with more detailed information on the LTIP.