Summary of Executive Cash Compensation and Annual Incentive Plan Targets for Key Officers
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Summary
This document outlines the current base salaries and annual bonus targets for the CEO, CFO, and four other top executives of the company. Salaries are reviewed and may be increased each March. In addition to their base pay, these executives are eligible for annual bonuses under the company's incentive plan, with target bonus percentages specified for each individual. The plan aims to reward executives based on company performance and individual contributions.
EX-10.1 2 exhibit10-1.htm SUMMARY OF EXECUTIVE COMPENSATION exhibit10-1.htm
Exhibit 10.1
Summary Sheet of Executive Cash Compensation
and Award Targets Under the Annual Incentive Plan
The following table sets forth the current base salaries provided for the Company’s CEO, CFO and four most highly compensated executive officers. Salary increases are determined annually in March.
| Executive Officers | Current Salary |
| Angelo Brisimitzakis | $600,000 |
| Rodney Underdown | $303,209 |
| Ronald Bryan | $250,667 |
| Gerald Bucan | $255,000 |
| Keith Clark | $300,000 |
| David Goadby | $ 364,470 or £183,723 |
Executive officers are also eligible to receive a bonus each year under the Company’s Annual Incentive Plan (filed as Exhibit 10.2). The target percentages (based on percentage of salary ) under this plan for the Company’s CEO, CFO and four most highly compensated executive officers are as shown in the following table.
| Executive Officers | Target Percentage |
| Angelo Brisimitzakis | 80% |
| Rodney Underdown | 50% |
| Ronald Bryan | 50% |
| Gerald Bucan | 50% |
| Keith Clark | 50% |
| David Goadby | 45% |
