Dominion Resources, Inc. 2005 Base Salaries for Named Executive Officers
Dominion Resources, Inc.'s Board of Directors, through its Organization, Compensation and Nominating Committee, approved new base salaries for its top executive officers for 2005. The decision was made in December 2004 after consulting an independent compensation expert. The agreement sets specific annual base salaries for the Chief Executive Officer, President and Chief Operating Officer, Executive Vice President and Chief Financial Officer, Executive Vice President (President and CEO of Dominion Exploration & Production), and Senior Vice President–Law. These salaries are effective for the 2005 calendar year.
Exhibit 10.34
Base Salaries for Named Executive Officers
In December 2004, the Organization, Compensation and Nominating Committee of Dominion Resources, Inc. (Dominion) Board of Directors approved base salary increases for executive officers for 2005, after consultation with an independent compensation consultant. The 2005 salaries for Dominion’s Named Executive Officers are as follows: Chief Executive Officer–$1,177,000; President and Chief Operating Officer–$776,000; Executive Vice President and Chief Financial Officer–$528,000; Executive Vice President (President and Chief Executive Officer–Dominion Exploration & Production)–$483,000; and Senior Vice President–Law–$371,000.
