Baker Hughes Incorporated Compensation Table for Named Executive Officers and Directors

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the base salaries and compensation structure for named executive officers and non-employee directors of Baker Hughes Incorporated as of June 2005. It specifies annual base salaries for key executives and details cash retainers and equity awards for directors, including additional compensation for committee roles. The agreement also notes eligibility for certain incentive and equity compensation plans, and reimbursement of reasonable expenses for non-employee directors.

Read More Arrow
EX-10.53 9 h21636exv10w53.txt COMPENSATION TABLE FOR NAMED EXEC. OFFICERS & DIRECTORS . . . Exhibit 10.53 BAKER HUGHES INCORPORATED Compensation Table for Named Executive Officers and Directors
Base Salary Effective Named Executive Officers: Base Salary June 2005 ------------- ----------- Chad C. Deaton(1) $ 825,000 $925,000 James R. Clark(2) 625,000 645,000 G. Stephen Finley(2) 520,000 535,000 Alan R. Crain Jr.(2) 410,000 425,000 Douglas J. Wall(2) 375,000 375,000 Non-Employee Directors(3): 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 50% in January and 50% in July of each year): $ 70,000
(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) 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 on Form 10-Q for the quarter ended September 30, 2003. These named executive officers also are entitled to participate in the Company's 1995 Employee Annual Incentive Compensation Plan, as amended, filed as Exhibit 10.17 on Form 10-K for the year ended December 31, 2002. (3) Non-employee directors are reimbursed for reasonable travel and related expenses.