EX-10.6 SUMMARY OF EXECUTIVE COMPENSATION

EX-10.6 2 g93911tkexv10w6.txt EX-10.6 SUMMARY OF EXECUTIVE COMPENSATION EXHIBIT 10.6 SUMMARY OF NAMED EXECUTIVE OFFICER COMPENSATION EXECUTIVE COMPENSATION On February 15, 2005, after consideration of presentations and recommendations of management and independent compensation consultants, and such other matters and information as deemed appropriate, the Compensation Committee (the "Committee") of the Board of Directors of the Company approved the following bonuses for 2004 and set the following salaries for 2005 for the named executive officers set forth in the table below:

Cash Incentive Plan. The Committee adopted a cash incentive plan for named executive officers for 2005 (the "Bonus Plan"). Pursuant to the Bonus Plan, each named executive officer is eligible for an annual target cash bonus award equal to the percentage of annual salary set forth in the table below (the "Base Bonus"). In addition to the Base Bonus, the Chief Executive Officer and President and Chief Operating Officer are eligible to receive up to 150% of the Base Bonus for significant overachievement of performance expectations (the "Incremental Bonus"), providing the Chief Executive Officer and President and Chief Operating Officer with a maximum bonus potential of up to 105% of their annual salary. No specific performance criteria or specific performance goals have been established under the Bonus Plan. Instead, awards will be made at the Committee's discretion.