Contract Categories: Human Resources - Compensation Agreements
EX-10.32 2 y07864exv10w32.txt EX-10.32: OUTSIDE DIRECTOR COMPENSATION ARRANGEMENTS EXHIBIT 10.32 ALLOY, INC. COMPENSATION ARRANGEMENTS FOR CERTAIN NAMED EXECUTIVE OFFICERS 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:
Named Executive Position Fiscal 2004 Bonus Fiscal 2005 Salary Other Compensation - ---------------- -------- ----------------- ------------------ ------------------ Matthew C. Diamond Chief Executive Officer and Chairman None $420,000 $31,232.67(1) James K. Johnson, Jr. President and Chief Financial Officer/Chief Operating Officer None $420,000 $31,601.97(1) Samuel. A. Gradess Executive Vice President None $150,000 $37,247.57(1) Robert Bernard Chief Executive Officer, $120,000 payable in $600,000 $20,000.00(3) Merchandise Division cash and 100,000 options(2)
(1) 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. (2) 25,000 options vesting on each of March 7, 2006, 2007, 2008 and 2009. (3) 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.