Alloy, Inc. Compensation Arrangements for Certain Named Executive Officers (Amended)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation arrangements for certain executive officers of Alloy, Inc. for the fiscal years ending January 31, 2005 and 2006. It specifies the salaries, bonuses, and other compensation, such as insurance benefits and stock options, for executives including the CEO, President/CFO/COO, Executive Vice President, and CEO of the Merchandise Division. The agreement details the amounts, vesting schedules for options, and conditions related to insurance policies provided by the company.

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EX-10.1 2 y09802exv10w1.htm EX-10.1: DESCRIPTION OF COMPENSATION ARRANGEMENTS EX-10.1:  

EXHIBIT 10.1
ALLOY, INC.
COMPENSATION ARRANGEMENTS FOR CERTAIN NAMED EXECUTIVE OFFICERS (AMENDED)
      Fiscal year ended January 31, 2005 (“Fiscal 2004”) bonuses and fiscal year ending January 31, 2006 (“Fiscal 2005”) salaries have been set for certain named executive officers of Alloy, Inc. as follows:
                         
        Fiscal 2004   Fiscal 2005   Other
Named Executive   Position   Bonus   Salary   Compensation(1)
                 
Matthew C. Diamond
   Chief Executive Officer and Chairman   None   $ 420,000     $ 31,233 (2)
James K. Johnson, Jr. 
   President and Chief Financial Officer/Chief Operating Officer   None   $ 420,000     $ 31,602 (2)
Samuel. A. Gradess
   Executive Vice President   None   $ 150,000     $ 37,248 (2)
Robert Bernard
   Chief Executive Officer,   $327,000 payable in   $ 600,000     $ 20,000 (4)
    Merchandise Division   cash and 100,000 options(3)                
 
(1)  Through June 9, 2005.
 
(2)  Represents dollar value of insurance paid by Alloy, Inc. with respect to a split dollar life insurance policy, which policy, including death benefits, will be assigned to the Company during Fiscal 2005.
 
(3)  25,000 options vesting on each of March 7, 2006, 2007, 2008 and 2009.
 
(4)  Represents amount paid to Mr. Bernard to be applied to a term life insurance policy for the benefit of a beneficiary to be designated by Mr. Bernard.