Executive Officer Base Salary Schedule Effective April 1, 2007
This document lists the annual base salaries for three executive officers—John W. Elias, John O. Tugwell, and Michael G. Long—of the company, effective April 1, 2007. It details their current and new base salaries, along with the percentage increase for each. The agreement outlines the company's commitment to pay these specified salaries to its top executives starting from the stated date.
Exhibit 10.1
BASE SALARIES OF EXECUTIVE OFFICERS
| Name and Principal Position |
| Current Base Salary |
| Base Salary effective |
| Percentage Increase |
| ||
| John W. Elias |
| $ | 350,000 |
| $ | 400,000 |
| 14.3 | % |
| John O. Tugwell |
| $ | 235,000 |
| $ | 246,000 |
| 4.7 | % |
| Michael G. Long |
| $ | 227,000 |
| $ | 238,000 |
| 4.8 | % |
