Employment Agreements for Executives Curtis B. McWilliams, Steven D. Shackelford, Michael T. Shepardson, and T. Glenn Kindred, Jr. (2006)

Contract Categories: Human Resources › Employment Agreements
Summary

This document outlines the employment terms for four executives: Curtis B. McWilliams, Steven D. Shackelford, Michael T. Shepardson, and T. Glenn Kindred, Jr. Each executive is provided with a specified annual base salary, eligibility for annual bonus compensation based on performance and company results, and participation in a long-term incentive plan. Bonus amounts and eligibility for additional incentive plans are determined according to company policies and individual performance metrics. The agreement sets clear compensation structures and performance-based incentives for each executive.

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EX-10.9 3 ex10_9.htm EXHIBIT 10.9 Exhibit 10.9

EXHIBIT 10.9
 

 
EMPLOYMENT AGREEMENT OF CURTIS B. McWILLIAMS
 
2006 ATTACHMENT “A”
 

 
1. Base Salary: Executive’s Base Salary shall be $400,000.00 per year.
 
2. Annual Bonus Compensation: Executive may receive annual bonus compensation targeted at fifty percent (50%) of the Executive’s current Base Salary with a maximum annual bonus of one hundred percent (100%) of the Executive’s current Base Salary. Executive’s bonus compensation shall be based, in part, on his achieving his Key Performance Indicators (KPIs) for the year, TSY’s performance for the year, and determined in accordance with TSY executive compensation policies.
 
3. Long-Term Compensation: Executive is currently participating in a long-term incentive plan, and would be eligible to participate in additional plans as applicable.
 

 

 

EMPLOYMENT AGREEMENT OF STEVEN D. SHACKELFORD
 
2006 ATTACHMENT “A”
 

 
1. Base Salary: Executive’s Base Salary shall be $350,000.00 per year.
 
2. Annual Bonus Compensation: Executive may receive annual bonus compensation targeted at fifty (50%) of Executive’s Base Salary with a maximum annual bonus of one hundred percent (100%) of Executive’s Base Salary. Executive’s bonus compensation shall be based, in part, on his achieving his Key Performance Indicators (KPIs) for the year, TSY’s performance for the year, and determined in accordance with TSY executive compensation policies.
 
    3. Long-Term Compensation: Executive is currently participating in a long-term incentive plan, and would be eligible to participate in additional plans as applicable.
 


EMPLOYMENT AGREEMENT OF MICHAEL T. SHEPARDSON
 
2006 ATTACHMENT “A”
 

 
1. Base Salary: Executive’s Base Salary shall be $260,000.00 per year.
 
2. Annual Bonus Compensation: Executive may receive annual bonus compensation targeted at fifty percent (50%) of Executives’ Base Salary with a maximum annual bonus of one hundred percent (100%) of the Executive’s current Base Salary. Executive’s bonus compensation shall be based, in part, on his achieving his Key Performance Indicators (KPIs) for the year, TSY’s performance for the year, and determined in accordance with TSY executive compensation policies.
 
3. Long-Term Compensation: Executive is currently participating in a long-term incentive plan, and would be eligible to participate in additional plans as applicable.
 


EMPLOYMENT AGREEMENT OF T. GLENN KINDRED, JR.
 
2006 ATTACHMENT “A”
 

 
1. Base Salary: Executive’s Base Salary shall be $182,000.00 per year.
 
2. Annual Bonus Compensation: Executive may receive annual bonus compensation up to a maximum of fifty percent (50%) of the Executive’s current Base Salary. Executive’s bonus compensation shall be based, in part, on his achieving his Key Performance Indicators (KPIs) for the year, TSY’s performance for the year, and determined in accordance with TSY executive compensation policies.
 
3. Long-Term Compensation: Executive is currently participating in a long-term incentive plan, and would be eligible to participate in additional plans as applicable.