EXECUTIVE OFFICER COMPENSATION
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EX-10.3 4 exhibit3.htm EX-10.3 EX-10.3
EXHIBIT 10.3
EXECUTIVE OFFICER COMPENSATION
2002 Stock Incentive Plan
On January 25, 2006, the Compensation Committee granted the below listed number of stock options and restricted stock to the following executive officers of the Company:
| Executive Officer | Stock Options | Restricted Stock | ||||||
Bobby S. Shackouls | 85,000 | 20,000 | ||||||
Randy L. Limbacher | 30,000 | 8,500 | ||||||
Steven J. Shapiro | 30,000 | 8,500 | ||||||
L. David Hanower | 20,000 | 6,500 | ||||||
John A. Williams | 20,000 | 6,500 | ||||||
Mark E. Ellis | 17,000 | 4,500 | ||||||
Joseph P.McCoy | 17,000 | 4,500 | ||||||
Incentive Compensation Plan
On January 25, 2006, the Compensation Committee approved awards under the Incentive Compensation Plan to the following executive officers of the Company as follows:
Bobby S. Shackouls | $ | 1,601,563 | ||
Randy L. Limbacher | $ | 859,375 | ||
Steven J. Shapiro | $ | 859,375 |
L. David Hanower $562,500
John A. Williams | $ | 500,025 | ||
Mark E. Ellis | $ | 330,000 | ||
Joseph P. McCoy | $ | 326,666 |
2005 Performance Share Unit Plan
On January 25, 2006, the Compensation Committee vested the below listed number of performance share units previously granted to the following officers of the Company resulting in the below listed payouts:
| Executive Officer | Number of Units Vested | Payout | ||||||
Bobby S. Shackouls | 50,000 | $ | 4,141,050 | |||||
Randy L. Limbacher | 17,500 | $ | 1,449,368 | |||||
Steven J. Shapiro | 17,500 | $ | 1,449,368 | |||||
L. David Hanower | 13,750 | $ | 1,138,789 | |||||
John A. Williams | 13,750 | $ | 1,138,789 | |||||
Mark E. Ellis | 10,000 | $ | 828,210 | |||||
Joseph P. McCoy | 10,000 | $ | 828,210 | |||||
