Del Monte Foods Company Annual Salary Adjustment for Named Executive Officers (2006)
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Summary
Del Monte Foods Company, through its Compensation Committee, approved new annual salary amounts for its named executive officers effective September 1, 2006. The agreement lists the base salary and cash perquisite allowance for each executive, specifying the total annual compensation. No changes were made to the perquisite allowances at this time. This adjustment outlines the compensation structure for the company's top executives for the specified period.
EX-10.1 2 f23909exv10w1.htm EXHIBIT 10.1 exv10w1
Exhibit 10.1
Del Monte Foods Company
Annual Salary Adjustment for Named Executive Officers
as Approved by the Compensation Committee of the Board of Directors
of Del Monte Foods Company on September 21, 2006
as Approved by the Compensation Committee of the Board of Directors
of Del Monte Foods Company on September 21, 2006
| ANNUAL SALARY | ||||||||||||
| Effective September 1, 2006 | ||||||||||||
| Cash | ||||||||||||
| Base | Perquisite | Total | ||||||||||
| Name | Salary (1) | Allowance (2) | Annual Salary | |||||||||
Richard G. Wolford | $ | 1,030,000 | $ | 42,000 | $ | 1,072,000 | ||||||
David L. Meyers | $ | 487,000 | $ | 36,000 | $ | 523,000 | ||||||
Timothy A. Cole | $ | 410,000 | $ | 36,000 | $ | 446,000 | ||||||
Nils Lommerin | $ | 460,000 | $ | 36,000 | $ | 496,000 | ||||||
| (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 adjustments were made to these executive cash perquisite allowances on September 21, 2006. |
