2006 Salary Adjustments for Named Executive Officers under Management and Operating Agreement with Alfa Mutual Insurance Company

Contract Categories: Human Resources › Compensation Agreements
Summary

This document lists the 2006 annual salaries for several named executive officers whose compensation will be reimbursed by the company to Alfa Mutual Insurance Company (AMI) as part of an existing Management and Operating Agreement. The listed officers and their respective salaries are specified, with a note that the reimbursement percentage is based on 2005 levels and may change. It also notes that Wayne Hawkins retired effective March 1, 2006.

Read More Arrow
EX-10.G 8 dex10g.htm SALARY ADJUSTMENTS FOR NAMED EXECUTIVE OFFICERS Salary Adjustments for Named Executive Officers

Exhibit 10(g)

SALARY ADJUSTMENTS FOR NAMED EXECUTIVE OFFICERS

Set forth below are the 2006 annual salaries for the named executive officers that will be reimbursed by the Company to Alfa Mutual Insurance Company (AMI) under a Management and Operating Agreement between the companies:

 

     2006 Salary1

Jerry Newby

    $ 324,229

Lee Ellis

    $ 278,106

Wayne Hawkins2

    $ 202,193

Bill Harper

    $ 219,959

John Jung

    $ 162,450
1 The 2006 salary figures assume that the percentage of salary reimbursed by the Company to AMI will remain at the same level as 2005. The amounts reimbursed to AMI by the Company could change in the future.
2 Wayne Hawkins retired as Executive Vice President, Marketing effective March 1, 2006.