2006 Base Salaries Schedule for Executive Officers of Ceradyne, Inc.
This document lists the 2006 annual base salaries for executive officers of Ceradyne, Inc., including the CEO, CFO, and various vice presidents. It clarifies that Ceradyne is an at-will employer, meaning there is no guarantee of employment for any specific period, and the stated salaries do not constitute a contract for continued employment. The agreement outlines only the base salary amounts for each executive officer for the year 2006.
EXHIBIT 10.1
2006 Base Salaries
For Executive Officers of
Ceradyne, Inc.
| Name | Title | 2006 Base Salary* | |||
| Joel P. Moskowitz | Chairman of the Board, Chief Executive Officer and President | $ | 475,000 | ||
| David P. Reed | Vice President, and President of North American Operations | $ | 257,000 | ||
| Jerrold J. Pellizzon | Chief Financial Officer and Corporate Secretary | $ | 234,000 | ||
| Bruce Lockhart | Vice President, and President of Thermo Materials Division | $ | 121,000 | ||
| Jeffrey J. Waldal | Vice President, and President of Semicon Associates Division | $ | 121,000 | ||
| Marc A. King | Vice President of Armor Operations | $ | 148,000 | ||
| Michael A. Kraft | Vice President of Sales, Marketing and Business Development | $ | 186,000 | ||
| Alvin Gerk | Vice President Operations | $ | 166,000 | ||
| * | Ceradyne is an “at will” employer. The expression of base salaries in annual amounts does not imply that there is an agreement to employ any executive officer for any specific period of time. |
