Compensation may be comprised of up to three elements: base compensation, which is determined based upon a number of factors, including size, scope, and impact of the employee’s role, the market value associated with the employee’s role, leadership skills, length of service, and individual performance; an annual incentive award, which if applicable, is a cash incentive award determined based on a combination of individual and company performance during the period to which the incentive award relates; and a long-term incentive award, which if applicable, is a stock-based award intended to compensate an employee for their contribution to our success and to align the interest of the award recipient with our shareholders during the vesting period of the award.