2008 Base Salary and Target Bonus Levels for Named Executive Officers under Annual Incentive Plan

Summary

This document outlines the 2008 base salaries and target bonus percentages for key executives, including the President, CEO, CFO, COO, and other senior officers. It specifies each executive's annual base salary and the percentage of that salary set as their target bonus under the company's annual incentive plan. The agreement sets clear compensation expectations for the year but does not detail other employment terms or conditions.

EX-10.1 2 a08-5095_1ex10d1.htm EX-10.1

 

EXHIBIT 10.1

 

Base Salary and Target Bonus Levels

for Named Executive Officers (and President)

under Annual Incentive Plan for 2008

 

 

 

2008
Base Salary

 

2008
Target Bonus
As a Percentag
of Base Salary

 

 

 

 

 

 

 

Daniel D. Rosenthal
President and Chief Executive Officer

 

$

650,000

 

120

%

 

 

 

 

 

 

Frederic R. McGill
President

 

$

590,000 

 

100 

%

 

 

 

 

 

 

Brian E. Côté
Executive Vice President and Chief Financial Officer

 

$

310,000

 

50

%

 

 

 

 

 

 

Thomas E. Prince
Chief Operating Officer

 

$

520,000

 

100

%

 

 

 

 

 

 

Cliff J. Piscitelli
Executive Vice President and Director of Asset Management

 

$

413,000

 

100

%

 

 

 

 

 

 

Jon A. MacDonald
Executive Vice President and General Counsel

 

$

330,000

 

75

%