Del Monte Foods Company Executive Annual Salary Adjustment Approval (2005)
Contract Categories:
Human Resources
›
Compensation Agreements
Summary
Del Monte Foods Company, through its Compensation Committee, approved new annual salary packages for certain executive officers effective September 1, 2005. The agreement lists the base salary and cash perquisite allowance for each named executive, specifying the total annual compensation. No changes were made to the perquisite allowances at this time. This document formalizes the compensation terms for the listed executives for the specified period.
EX-10.6 7 f13013exv10w6.htm EXHIBIT 10.6 exv10w6
Exhibit 10.6
Del Monte Foods Company
Annual Salary Adjustment for Certain Executive Officers
as Approved by the Compensation Committee of the Board of Directors
of Del Monte Foods Company on September 29, 2005
as Approved by the Compensation Committee of the Board of Directors
of Del Monte Foods Company on September 29, 2005
| ANNUAL SALARY | ||||||||||||
| Effective September 1, 2005 | ||||||||||||
| Cash | ||||||||||||
| Base | Perquisite | Total | ||||||||||
| Name | Salary (1) | Allowance (2) | Annual Salary | |||||||||
David L. Meyers | $ | 468,000 | $ | 36,000 | $ | 504,000 | ||||||
Nils Lommerin | $ | 442,000 | $ | 36,000 | $ | 478,000 | ||||||
Todd R. Lachman | $ | 442,000 | $ | 36,000 | $ | 478,000 | ||||||
Timothy A. Cole | $ | 375,000 | $ | 36,000 | $ | 411,000 | ||||||
Donald J. Binotto | $ | 335,000 | $ | 36,000 | $ | 371,000 | ||||||
(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 29, 2005.
