DESCRIPTION OF 2010 SALARIES FOR SENIOR EXECUTIVE OFFICERS (Updated and restated as of January 19, 2010)
EXHIBIT 10.1
DESCRIPTION OF 2010 SALARIES FOR
SENIOR EXECUTIVE OFFICERS
(Updated and restated as of January 19, 2010)
Annualized salary rates effective January 1, 2010 for the actively employed executive officers of the Company who are named in the executive compensation disclosures of the Company’s 2009 proxy statement in relation to fiscal year 2008 (“2008 Named Executive Officers”), and for William C. (B.J.) Losch III, the Company’s principal financial officer since January 5, 2009, are:
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| Officer Name | Cash Salary | Salary Stock Units | ||||||||||||
|
| D. Bryan Jordan | $800,000 | $1,466,667 |
| |||||||||||
| William C. (B.J.) Losch III | 400,000 | 400,000 |
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|
| Charles G. Burkett | 742,650 | 990,200 |
| |||||||||||
|
| Frank J. Gusmus, Jr. | 600,000 | 2,733,333 |
| |||||||||||
|
| Charles T. Tuggle, Jr. | 475,000 | 475,000 |
| |||||||||||
|
| Thomas D. Adams, Jr. | 350,000 | 186,667 |
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Salary rates continue in effect until they are changed.
