Base Salary Adjustment Agreement for Chairman, CEO, and President Randall L. Herrel, Sr.

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement, effective January 1, 2005, documents the Compensation Committee's approval to increase the base salary of Randall L. Herrel, Sr., the Company's Chairman, CEO, and President, from $387,000 to $425,000. The adjustment applies to Mr. Herrel's compensation starting from the effective date. No other terms or conditions are specified in this document.

Read More Arrow
EX-10.1 2 a09837exv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 Effective January 1, 2005, the Compensation Committee of the Board of Directors approved an adjustment in the base salary of the Company's Chairman, CEO and President as follows:
Executive Officer Prior Base Salary Approved Base Salary (1) - ------------------------------ ----------------- -------------------- Randall L. Herrel, Sr. $ 387,000 $ 425,000 Chairman, CEO and President
(1) The approved base salary was effective beginning January 1, 2005.