Alloy, Inc. Compensation Arrangements for Named Executive Officers
This document outlines the annual base salaries for Alloy, Inc.'s named executive officers, including the CEO, President, CFO, Chief Legal Officer, and CTO. It notes that salary increases for the upcoming fiscal year and bonuses for the previous year have not yet been determined. The agreement also specifies that a portion of the CTO's salary is paid as deferred compensation to fund life insurance premiums for beneficiaries chosen by the CTO.
EXHIBIT 10.29
ALLOY, INC.
COMPENSATION ARRANGEMENTS FOR NAMED EXECUTIVE OFFICERS
Listed below are the current annual base salaries for our named executive officers. Salary increases for fiscal year ending January 31, 2008 and bonuses for services rendered during fiscal year ended January 31, 2007 have not yet been determined.
| Named Executive Officer | Salary | |||
| Matthew C. Diamond, | $ | 420,000 | ||
| Chief Executive Officer and Chairman | ||||
| James K. Johnson, Jr., | $ | 420,000 | ||
| President and Chief Operating Officer | ||||
| Gary J. Yusko, | $ | 242,000 | ||
| Chief Financial Officer | ||||
| Gina R. DiGioia, Esq., | $ | 200,000 | ||
| Chief Legal Officer and Secretary | ||||
| Robert Bell, | $ | 402,000 | (1) | |
| Chief Technology Officer | ||||
| (1) | Effective September 1, 2006, we increased Mr. Bell’s salary from $337,000 to the amount stated above. $100,000 of his base salary is paid by us as deferred compensation pursuant to an agreement between Mr. Bell and us to pay the premiums on certain life insurance policies, the beneficiaries of which are selected by Mr. Bell. |
