2018 Executive Compensation Summary for Named Officers of [Company Name]
This document outlines the 2018 compensation arrangements for the named executive officers of the company, as approved by the Compensation Committee of the Board of Directors. It specifies each executive's base salary, target bonus, and, for certain executives, the number of performance-based restricted stock units awarded under the 2007 Employee Stock Incentive Plan. The agreement sets the financial terms for the year 2018 and identifies the key officers involved.
Exhibit 10.37
Summary of Compensation For Named Executive Officers 2018*
In February 2018 Compensation Committee of the Board of Directors established 2018 salary and target bonus applicable to our named executive officers as follows:
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| Named Executive |
| 2018 |
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| 2018 |
| ||
| Charles M. Dauber |
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| 350,000 |
|
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| 175,000 |
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| William C. Miller |
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| 210,000 |
|
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| 100,000 |
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| Neal T. Hare |
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| 156,568 |
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| 100,000 |
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| James J. Steffek |
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| 102,995 |
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| 100,000 |
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| William Brod |
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| 200,000 |
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| 60,000 |
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In connection with the 2018 salary and target bonus established for our named executive officers, the following were awarded performance-based restricted stock units under the 2007 Employee Stock Incentive Plan:
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| Named Executive |
| Restricted Stock Units |
| |
| Charles M. Dauber |
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| 80,000 |
|
| William C. Miller |
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| 56,787 |
|
| William Brod |
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| 37,838 |
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