2012 Salary Description for 2011 Named Executive Officers of the Company
This document outlines the 2012 annual salary rates for the company's executive officers named in the 2012 proxy statement for fiscal year 2011. Each executive's compensation consists of a cash salary and salary stock units, which are credited periodically and paid according to a written program. The listed salary rates are effective as of January 1, 2012, and will remain in effect until changed.
EXHIBIT 10.8(g)
DESCRIPTION OF 2012 SALARIES FOR
2011 NAMED EXECUTIVE OFFICERS
(Updated and restated as of February 14, 2012)
Salaries for executive officers consist of two components: cash, and salary stock units. Salary stock units are credited periodically during the year and are paid in accordance with a written program.
Annualized salary rates effective January 1, 2012 for the current executive officers of the Company who are named in the executive compensation disclosures of the Company’s 2012 proxy statement in relation to fiscal year 2011 (“2011 Named Executive Officers”) are:
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| Officer Name |
| Cash Salary |
| Salary Stock Units |
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| D. Bryan Jordan |
| $ | 800,000 |
| $ | 320,000 |
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| William C. (B.J.) Losch III |
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| 400,000 |
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| 160,000 |
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| Michael E. Kisber |
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| 600,000 |
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| 900,000 |
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| David T. Popwell |
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| 450,000 |
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| 180,000 |
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| Charles T. Tuggle, Jr. |
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| 475,000 |
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| 190,000 |
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Salary rates generally continue in effect until they are changed.
