Adjustments to Compensation Arrangements for Named Executives

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines changes to the compensation packages for five named executives of the company. Effective April 1, 2005, each executive will receive an increase in base salary. Additionally, on March 22, 2005, each executive was granted a specified amount of performance-based restricted stock. The agreement details the new salary amounts and the number of restricted stock units awarded to each executive.

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EX-10.1 2 dex101.htm ADJUSTMENTS TO COMPENSATION ARRANGEMENTS Adjustments to compensation arrangements

EXHIBIT 10.1

 

ADJUSTMENTS TO COMPENSATION ARRANGEMENTS FOR NAMED EXECUTIVES

 

Named Executive

    Current Salary($)
    New Salary($)*
    PBRS Grant**

E. Scott Beattie

    650,000    700,000    108,000

Paul West

    450,000    475,000    54,000

Stephen J. Smith

    340,000    350,000    18,000

Ronald Rolleston

    305,000    320,000    24,000

Joel B. Ronkin

    275,000    295,000    27,000
* Effective April 1, 2005.
** Performance Based Restricted Stock grant was made on March 22, 2005.