2015 Summary of Executive Cash Compensation and Award Targets Under the Annual Incentive Plan

EX-10.1 2 ex10_1.htm EXHIBIT 10.1

Exhibit 10.1
 
2015 Summary 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 three most highly compensated executive officers.  Salary increases are determined annually in March and effective April 1, 2015:

Executive Officers
 
Current Salary
 
     
Francis Malecha
 
$
762,200
 
Matthew Foulston
 
$
450,000
 
Steven Berger
 
$
374,544
 
Keith Espelien
 
$
318,240
 
Robert Miller
 
$
315,000
 


Executive officers are also eligible to receive a bonus each year under the Company’s Management Annual Incentive Plan.  The target percentages (based on percentage of salary) under this plan for the Company’s CEO, CFO and three most highly compensated executive officers are as shown in the following table.

Executive Officers
Target Percentage
   
Francis Malecha
105%
Matthew Foulston
65%
Steven Berger
50%
Keith Espelien
60%
Robert Miller
60%