SUMMARY OF CASH COMPENSATION ARRANGEMENTS

Contract Categories: Human Resources - Compensation Agreements
EX-10.32 9 dex1032.htm SUMMARY OF CASH COMPENSATION ARRANGEMENTS FOR NAMED EXECUTIVE OFFICERS Summary of Cash Compensation Arrangements for Named Executive Officers

Exhibit 10.32

 

 

SUMMARY OF CASH COMPENSATION ARRANGEMENTS

FOR NAMED EXECUTIVE OFFICERS

 

 

The base salaries and other cash compensation arrangements for the current executive officers named in the Company’s 2005 Proxy Statement are as follows:

 

Executive Officer

    2005 Base
Salary
      Annual
Performance
Bonus(1)
      Long-Term
Performance
Bonus(2)

J. Patrick Spainhour

    $950,000      $167,428      $684,000

Kay Krill

    $950,000      $805,600      $684,000

Dwight Meyer

    $490,000      $103,704      $211,680

James Smith

    $370,000      $  78,307      $159,840

Anthony Romano

    $375,000      $  76,190      $155,520

 

Base salaries and participation in cash bonus plans may be adjusted from time to time as determined by the Compensation Committee of the Board of Directors.

 

(1) Amounts earned for fiscal year 2004 performance and paid in 2005 under the Company’s Management Performance Compensation Plan.
(2) Amounts earned for the 2002-2004 three-year cycle under the Company’s Long-Term Cash Incentive Plan and paid in 2005.