Compensation Disclosure for Charles L. McNairy, Executive Vice President, Treasurer, and CFO of Avatar
This disclosure outlines the compensation arrangement for Charles L. McNairy, who serves as Executive Vice President, Treasurer, and Chief Financial Officer of Avatar. Mr. McNairy does not have a formal employment agreement but receives an annual base salary of $250,000 and is eligible for a discretionary annual bonus. For the year 2004, he was awarded a $25,000 bonus.
Exhibit 10(an) – Certain Compensation of Certain Executive Officers
Certain Compensation of Certain Executive Officers
Charles L. McNairy, Avatar’s Executive Vice President, Treasurer and Chief Financial Officer is not employed pursuant to an employment agreement. Currently, he is paid a base salary of $250,000 per annum plus a discretionary annual bonus. For 2004 he was awarded a bonus of $25,000.
