Chevron Phillips Chemical Company LLC Executive Officer Salary Increase Approval (2006)

Contract Categories: Human Resources › Compensation Agreements
Summary

Chevron Phillips Chemical Company LLC's Compensation Committee approved annual salary increases for certain executive officers, including Raymond I. Wilcox, effective July 1, 2006. The agreement lists the new annual salaries for five named executives. This document formalizes the committee's decision to adjust executive compensation and specifies the effective date and amounts for each officer.

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EX-10.1 2 a06-15179_1ex10d1.htm EX-10
Exhibit 10.1

 

Named Executive Officers Salary Increases

 

On May 1, 2006, the Compensation Committee of the Board of Directors of Chevron Phillips Chemical Company LLC approved an increase in annual salary to certain named executive officers, and on June 22, 2006, approved an increase in annual salary to Raymond I. Wilcox.  The annual salaries for the aforementioned executive officers, effective July 1, 2006, are as follows:

 

Raymond I. Wilcox

 

$

540,750

 

Greg G. Maxwell

 

312,716

 

Greg C. Garland

 

336,738

 

Craig B. Glidden

 

338,746

 

Tim G. Taylor

 

345,092