Schedule of Compensation for Named Executive Officers
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Human Resources
- Compensation Agreements
EX-10.36 6 dex1036.htm SCHEDULE OF COMPENSATION SCHEDULE OF COMPENSATION
Exhibit 10.36
Schedule of Compensation for Named Executive Officers
| Name | Job Title | Annual | Target Bonus % of Base Salary | ||||
| Philip J. Schoonover | Chairman, President and Chief Executive Officer | $900,000 | 100 | % | |||
| Michael E. Foss* | Executive Vice President and Chief Financial Officer | $575,000 | 80 | % | |||
| George D. Clark, Jr. | Executive Vice President, Multi-Channel Sales | $525,000 | 80 | % | |||
| Reginald D. Hedgebeth | Senior Vice President, General Counsel and Secretary | $375,000 | 60 | % | |||
| Eric A. Jonas, Jr. | Senior Vice President, Human Resources | $391,900 | 60 | % |
| * | Mr. Foss will be resigning from the company in April 2007 and from the board of directors in June 2007 to become an executive officer of Petco Animal Supplies, Inc. Mr. Foss will serve as principal financial officer pursuant to a consulting agreement through the date of the filing of this Annual Report on Form 10-K. |
For fiscal year 2008, the Compensation and Personnel Committee of the Company’s Board of Directors has established specified earnings per share levels as the performance goal under the Circuit City Stores, Inc. 2003 Annual Performance-Based Bonus Plan. Bonuses are payable based on the Company’s achievement of the performance goal and may be higher or lower than the target bonus level.
