Nominating/Corporate Governance Committee, which takes into account market data provided by the Consultant. Effective January 1, 2011, the director compensation program consisted of a $70,000 annual fixed cash retainer, a $15,000 target annual incentive cash retainer, an annual restricted stock award valued at $115,000, an $8,000 annual committee chair cash retainer, and a $200,000 annual chairman of board cash retainer. The annual incentive retainer is subject to the Corporation's performance under the same performance measures as the Annual EVA elements of deferral for nonemployee directors are detailed in the ``Non-Qualified Deferred Compensation'' section. The table below sets out the compensation earned for 2011, with any other compensation payments noted. The Corporation has established a 10,000 share stock ownership guideline for each nonemployee director. ployee directors except Messrs. Fiedler, Hoover and Smart, and Ms. Nicholson deferred payment of their cash fees to the 2005 Deferred Compensation Plan for Directors or the 2005 Deferred Compensation Company Stock Plan. Mr. van der Kaay deferred $28,000 of the annual fixed retainer payment. applied to the $15,000 target for all nonemployee directors. All nonemployee directors except for Messrs. Fiedler and Smart, and Ms. Nicholson deferred payment of their 2011 annual incentive retainer in February 2012 to the 2005 Deferred Compensation Company Stock Plan. available under the 2005 Deferred Compensation Company Stock Plan as described in the ``Non-Qualified Deferred Compensation'' section. The values for Messrs. Alspaugh, Hoover and Smart also include a $6,500, $5,000 and $5,000 corporate match, respectively, of donations made pursuant to the Corporation's Matching Gift Program. The value of $33,161 for Mr. Fiedler reflects payments made to Mr. Fiedler for serving as chair of the Supervisory Board of Ball Packaging Europe GmbH. The amount was originally paid in euros and has been converted to dollars based on a conversion rate of 1.29 dollars/euros as of December 31, 2011. Deferred Compensation Table; Base Salary $306,519, Annual Incentive Compensation Plan = $646,405, LTCIP = $1,474,534, and Special Acquisition Incentive Plan = $57,710; no portion of the annual incentive was deferred in February 2012; $377,827 aggregate change in pension |