2007 Salary Adjustments for Named Executive Officers under Management and Operating Agreement between Company and AMI

Contract Categories: Human Resources › Compensation Agreements
Summary

This document lists the 2007 annual salaries for five named executive officers, which the Company will reimburse to AMI under an existing Management and Operating Agreement. The salaries are based on the same reimbursement percentage as in 2006, but the amounts reimbursed may change in the future. The agreement outlines the financial arrangement for executive compensation between the two companies.

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EX-10.(D) 5 dex10d.htm SALARY ADJUSTMENTS SALARY ADJUSTMENTS

Exhibit 10(d)

SALARY ADJUSTMENTS FOR NAMED EXECUTIVE OFFICERS

Set forth below are the 2007 annual salaries for the named executive officers that will be reimbursed by the Company to AMI under a Management and Operating Agreement between the companies:

 

     2007 Salary1

Jerry A. Newby

    $ 340,687

C. Lee Ellis

    $ 232,924

Herman T. Watts

    $ 167,551

Stephen G. Rutledge

    $ 161,159

William B. Harper, Jr.

    $ 226,558

1

The 2007 salary figures assume that the percentage of salary reimbursed by the Company to AMI will remain at the same level as 2006. The amounts reimbursed to AMI by the Company could change in the future.