Annual Compensation |
Long Term Compensation |
All Other |
||||||
|---|---|---|---|---|---|---|---|---|
Awards |
Payouts |
|||||||
Name and |
Year |
Salary |
Bonus |
Other |
Restricted |
Securities |
LTIP |
|
Glenn F. Tilton |
2005 2004 2003 |
605,625 756,832 745,749 |
482,532 366,393 0 |
17,822 27,910 31,478 |
0 0 0 |
0 0 0 |
0 0 0 |
9,036 8,481 0 |
Douglas A. Hacker |
2005 2004 2003 |
545,000 582,000 582,000 |
296,496 150,413 0 |
47,955 49,818 11,811 |
0 0 0 |
0 0 0 |
0 0 2,083,492 |
4,074 3,606 3,253 |
Peter D. McDonald |
2005 2004 2003 |
504,750 525,998 443,301 |
271,788 177,602 226,500 |
22,880 26,615 4,379 |
0 0 0 |
0 0 0 |
0 0 0 |
5,249 4,195 1,350 |
Frederic F. Brace |
2005 2004 2003 |
498,254 514,000 461,066 |
271,788 173,403 232,500 |
44,026 25,403 5,049 |
0 0 0 |
0 0 0 |
0 0 0 |
2,881 2,314 960 |
John P. Tague |
2005 2004 2003 |
486,749 541,330 335,531 |
271,788 444,969 0 |
25,270 13,399 10,758 |
0 0 0 |
0 0 0 |
0 0 0 |
1,778 1,696 0 |
(1) Amounts for 2005 and 2004 were paid under the UAL Success Sharing Program - Performance Incentive Plan (referred to as the Success Sharing Plan) which provides awards to substantially all of the Company's employees if the Company achieves certain operating and financial goals. Amounts in 2004 for Mr. Tague were also paid under UAL Corporation Retention and Recognition Bonus Plan ("KERP"). Amounts for Messrs. McDonald and Brace in 2003 were paid under the KERP.
(2) Amounts under "Other Annual Compensation" in 2005 are payments to the named executive officers to cover their tax liabilities incurred in connection with the free transportation and cargo shipment on United that it provides to the officers, except for Mr. Tague, who also received $4,793 in 2004 to cover tax liabilities associated with relocation and temporary living expenses.
(3) As of December 31, 2005 there was no outstanding restricted stock.
(4) In 2003, the Company disclosed that Mr. Hacker had earned an award valued at $2,083,492 under the ULS long-term incentive plan ("LTIP") which was adopted in 2000 for the net value created of ULS asset portfolio during the performance period under the plan. The original award was reduced significantly from its stated dollar amount and the unvested portion was forfeited when the LTIP was amended in June 2003. This award was to have been paid upon the Company's emergence from bankruptcy and subject to Mr. Hacker's continued employment. Subsequent to the Company's exit from Chapter 11, the LTIP was amended to, among other things, eliminate awards for all current and former officers of UAL and United. Consequently, the award shown in 2003 will not be paid to Mr. Hacker under the LTIP.
(5) Amounts in 2005 and 2004 represent premiums paid by the Company for group variable life insurance. Amount in 2003 includes split dollar life insurance compensation for Messrs. Hacker, McDonald and Brace.