Bonus Structure Memorandum for Thomas O. Usilton, Jr.

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This memorandum outlines that Thomas O. Usilton, Jr., Senior Vice President, is eligible for a $1,000,000 bonus if he remains a full-time employee of the Company through March 2012. This bonus is separate from any other compensation he may receive under his existing employment agreement.

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EX-10.8 8 dex108.htm BONUS STRUCTURE FOR THOMAS O. USILTON, JR Bonus Structure for Thomas O. Usilton, Jr

Exhibit 10.8

MEMORANDUM RELATING TO BONUS STRUCTURE

FOR

THOMAS O. USILTON, JR.

On March 10, 2010, the Company determined that Mr. Usilton, Senior Vice President, is eligible to receive a bonus in the amount of $1,000,000 provided that Mr. Usilton remains employed with the Company on a full-time basis through March 2012. Such amount is in addition to amounts which Mr. Usilton is otherwise eligible to receive under his employment agreement with the Company.