Del Monte Foods CEO Annual Salary Adjustment Approval (Richard G. Wolford)
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Summary
Del Monte Foods Company, through its Compensation Committee, approved the annual salary adjustment for its Chief Executive Officer, Richard G. Wolford, effective September 1, 2005. The agreement sets Mr. Wolford's base salary at $990,000 and his annual cash perquisite allowance at $42,000, totaling $1,032,000 in annual compensation. The base salary is used for the company's incentive plans, and no change was made to the perquisite allowance at this time.
EX-10.1 2 f15456exv10w1.htm EXHIBIT 10.1 exv10w1
Exhibit 10.1
Del Monte Foods Company
Annual Salary Adjustment for Chief Executive Officer
as Approved by the Compensation Committee of the Board of Directors
of Del Monte Foods Company on December 14, 2005
as Approved by the Compensation Committee of the Board of Directors
of Del Monte Foods Company on December 14, 2005
| ANNUAL SALARY | ||||||||||||
| Effective September 1, 2005 | ||||||||||||
| Cash | ||||||||||||
| Base | Perquisite | Total | ||||||||||
| Name | Salary (1) | Allowance (2) | Annual Salary | |||||||||
Richard G. Wolford | $ | 990,000 | $ | 42,000 | $ | 1,032,000 | ||||||
(1) Base Salary reflects the amount of compensation the Company considers eligible salary for purposes of its Annual Incentive Plan or similar plans, which does not include an executive’s annual cash perquisite allowance.
(2) No adjustment was made to this executive cash perquisite allowance on December 14, 2005.
