Compensation Table
EX-10.45 5 h43740exv10w45.htm COMPENSATION TABLE exv10w45
Exhibit 10.45
BAKER HUGHES INCORPORATED
Compensation Table for Named Executive Officers and Directors
Named Executive Officers:
| Base Salary | ||||||||
| Current | Effective | |||||||
| Base Salary | March 20074 | |||||||
Chad C. Deaton 1 | $ | 1,025,000 | $ | 1,100,000 | ||||
Peter A. Ragauss 2 | 525,000 | 546,000 | ||||||
James R. Clark | 645,000 | 695,000 | ||||||
G. Stephen Finley 3 | 0 | 0 | ||||||
Alan R. Crain, Jr. | 425,000 | 455,000 | ||||||
David H. Barr | 393,750 | 415,000 | ||||||
Douglas J. Wall | 393,750 | 415,000 | ||||||
Non-Employee Directors 5 :
Annual Cash Retainer: | $ | 60,000 | ||
Audit/Ethics Committee Chairman Annual Retainer: | $ | 20,000 | ||
Other Committee Chairman Annual Retainer: | $ | 15,000 | ||
Audit/Ethics Committee Members Retainer: | $ | 10,000 | ||
Other Committee Members Retainer | ||||
(Excluding Executive Committee): | $ | 5,000 | ||
Annual Non-Retainer Equity (restricted stock awarded in January, stock options awarded 50% in January and 50% in July of each year): | $ | 150,000 |
| 1 | Mr. Deaton has an Employment Agreement with Baker Hughes Incorporated, filed as Exhibit 10.3 to Current Report on Form 8-K filed October 7, 2004. | |
| 2 | Mr. Ragauss joined the Company on April 26, 2006. | |
| 3 | Mr. Finley retired from the Company on April 30, 2006. | |
| 4 | In addition to their base salaries, these named executive officers, at the discretion of the Board of Directors can receive equity compensation pursuant to the 2002 Director & Officer Long-Term Compensation Plan, filed as Exhibit 10.2 to Quarterly Report on Form 10-Q for the quarter ended September 30, 2003. These named executive officers also are entitled to participate in the Company’s Annual Incentive Compensation Plan, as amended and restated, filed as Exhibit 10.1 to Quarterly Report on Form 10-Q for the quarter ended March 31, 2006. | |
| 5 | Non-employee directors are reimbursed for reasonable travel and related expenses. |
