Summary of Changes to Executive Compensation Arrangements for Executive Officers
This document summarizes changes to the compensation arrangements for the company's executive officers during the quarter ending June 30, 2007. Effective June 1, 2007, the base salaries of executive officers were increased by 4% to 6%. Additionally, executive officers received bonuses ranging from approximately 33% to 76% of their annual base salary. The document outlines the updated salary and bonus structure for these executives.
Exhibit 10.1
Changes to Executive Compensation Arrangements
The following is a summary of changes in compensation arrangements for our executive officers during the quarter ended June 30, 2007:
Effective June 1, 2007, we increased the base salary of our executive officers by 4% to 6% each. We also provided our executive officers bonuses ranging from approximately 33% to 76% of the executive officers’ annual base salary.
