Summary of Named Executive Officer Salary Increases Approved by Compensation and Benefits Committee
This document summarizes the approval of annual base salary increases for two named executive officers of the company, Ricardo E. Belda and Bernt Reitan, effective July 1, 2005. The increases were approved by the Compensation and Benefits Committee after reviewing performance and market data. Other compensation details for these officers were previously disclosed in the company's 2005 Proxy Statement.
EXHIBIT 10(d)
Summary of named executive officer salary increases.
On July 14, 2005, at a regular meeting of the Compensation and Benefits Committee of the Company’s Board of Directors, increases to the annual base salaries of the following named executive officers were approved, effective July 1, 2005, after a review of performance and competitive market data:
| Name and Position | Year | Base Salary | |||
| Ricardo E. Belda Executive Vice President—European Region | 2005 2004 | $ $ | 500,000 470,000 | ||
| Bernt Reitan Executive Vice President and Group President, Global Primary Products | 2005 2004 | $ $ | 540,000 470,000 | ||
Information related to the other elements of total compensation for these named executive officers was previously disclosed in the 2005 Proxy Statement filed February 22, 2005.
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