2006 Base Salary Table for Named Executive Officers Effective August 1, 2006
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Summary
This document lists the 2006 base salaries for the company's named executive officers, effective August 1, 2006. It specifies the annual base pay for each executive, including the Chairman, President and CEO, Senior Vice President and CFO, and Senior Vice President of Asset Management. The table also notes a salary increase for the CFO, effective on the same date. The agreement is informational and outlines compensation terms for these key officers.
EX-10.1 2 d38458exv10w1.htm TABLE OF BASE SALARIES exv10w1
EXHIBIT 10.1
TABLE OF 2006 BASE SALARIES FOR NAMED EXECUTIVE OFFICERS OF THE COMPANY
EFFECTIVE AUGUST 1, 2006
| Name and Position | 2006 Base Salary | |||
I. Jon Brumley, Chairman of the Board | $ | 350,000 | ||
Jon S. Brumley, President and Chief Executive Officer | $ | 475,000 | ||
L. Ben Nivens, Senior Vice President, Chief Financial Officer, Treasurer and Corporate Secretary | $ | 230,000 | * | |
Tom H. Olle, Senior Vice President — Asset Management | $ | 245,000 | ||
| * | Effective August 1, 2006, Mr. Nivens base salary increased from $215,000 to $230,000. |
