Oral Extension Agreement for CEO Service Between Gordon A. Ulsh and the Company
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Summary
Gordon A. Ulsh, the Company's Chief Executive Officer, agreed to extend his service beyond his planned retirement date of June 30, 2010, at the Company's request. He will continue as CEO until no later than July 31, 2010, or until a successor is appointed, whichever comes first. During this period, Mr. Ulsh will receive his weekly pro-rata base salary and target annual incentive plan at current levels.
EX-10.2 2 g24241exv10w2.htm EX-10.2 exv10w2
Exhibit 10.2
The following is a written description of an oral arrangement entered into on
May 31, 2010 between Gordon A. Ulsh and the Company.
On May 31, 2010, the Company requested that Mr. Gordon A. Ulsh, the Company’s Chief Executive Officer, provide continued service as Chief Executive Officer beyond his planned retirement on June 30, 2010. Mr. Ulsh agreed to continue to serve as Chief Executive Officer for a period not anticipated to extend beyond July 31, 2010 or earlier if his successor has been appointed prior to such date. Mr. Ulsh will be paid his weekly pro-rata base salary and target annual incentive plan at current levels for each week of his continued employment.
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