2008 Annual Incentive Bonus Compensation and 2008–2009 Base Salaries Schedule for Named Executive Officers
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Summary
This document lists the 2008 annual incentive bonus payouts and the base salaries for 2008 and 2009 for several named executive officers of the company. It details the specific bonus amounts paid under the Incentive Compensation Plan for Executive Officers and notes special eligibility conditions for one officer, Thomas Trubiana, regarding participation in multiple bonus plans. The schedule outlines each officer's compensation and any relevant limitations or conditions on bonus eligibility.
EX-10.36(1) 5 c82344exv10w36x1y.htm EXHIBIT 10.36(1) Exhibit 10.36(1)
Exhibit 10.36(1)
Schedule of 2008 Annual Incentive Bonus Compensation Payouts
and 2008 and 2009 Base Salaries for Named Executive Officers
and 2008 and 2009 Base Salaries for Named Executive Officers
| 2008 Annual Incentive | ||||||||||||
| Bonus Compensation | ||||||||||||
| Named Executive Officer | 2008 Base Salary | 2009 Base Salary | (1) | |||||||||
Paul O. Bower | 375,000 | 375,000 | $ | 271,875 | ||||||||
Randall H. Brown | 253,000 | 253,000 | $ | 201,135 | ||||||||
Craig L. Cardwell | 197,000 | 197,000 | $ | 142,825 | ||||||||
Thomas J. Hickey | 168,500 | 168,500 | $ | 76,668 | ||||||||
Thomas Trubiana | 190,000 | 190,000 | $ | 134,700 | (2) | |||||||
| (1) | Amounts listed in this column reflect annual incentive cash bonuses paid pursuant to the Incentive Compensation Plan for Executive Officers. | |
| (2) | During 2008, Mr. Trubiana was eligible to participate in the Incentive Compensation Plan for Executive Officers and to receive accrued bonuses under the On-Campus Student Housing Development Bonus Plan which were earned prior to January 1, 2007; however, he is only eligible to receive a maximum of the greater of the amounts awarded under the Incentive Compensation Plan for Executive Officers and received pursuant to the On-Campus Student Housing Development Bonus Plan. During 2008, the bonus Mr. Trubiana received from the On-Campus Student Housing Development Bonus Plan was $26,800 for a development project initiated in 2006. Mr. Trubiana received the remaining $134,700 of the $161,500 he was eligible for under the Incentive Compensation Plan for Executive Officers. |
