Base Salary Adjustment Agreement for Chairman, CEO, and President Randall L. Herrel, Sr.
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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.
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:
(1) The approved base salary was effective beginning January 1, 2005.