2005 Executive Officer Cash Incentive Bonus Summary for [Company Name]

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document summarizes the 2005 cash incentive bonuses approved for the executive officers of the company. On March 9, 2006, the Board's Compensation Committee determined and the Board ratified specific bonus amounts for each executive, including the Chairman, President and CEO, as well as other senior officers. The agreement outlines the bonus amounts awarded to each executive for their performance in 2005.

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EX-10.22 10 w17450exv10w22.txt EX-10.22 Exhibit 10.22 SUMMARY OF 2005 CASH INCENTIVE BONUSES PAYABLE TO EXECUTIVE OFFICERS On March 9, 2006, the Nominating, Corporate Governance and Compensation Committee of the Company's Board of Directors determined and approved 2005 cash incentive bonuses payable to each of the Company's executive officers. The 2005 cash incentive bonuses, which were ratified by the Company's Board on the same dates, are summarized in the following table:
Name 2005 Cash Incentive Bonus ---- ------------------------- Oliver T. Carr, III $50,000 Chairman, President and CEO John A. Schissel $40,000 EVP and CFO Clinton D. Fisch $22,750 SVP and Director of Acquisitions Christian H. Clifford $22,750 SVP and Director of Asset Management John M. Novack $27,000 SVP and CAO