2007 Annual Base Salary Approval for Named Executive Officers
This document records the approval by the Compensation Committee of the 2007 annual base salaries for five named executive officers: Joel V. Staff, Mark M. Jacobs, Brian Landrum, Michael L. Jines, and Jerry J. Langdon. The agreement sets out the specific salary amounts for each executive, effective April 1, 2007. The document formalizes the company's compensation decisions for its top management for the year 2007.
Exhibit 10.75
Annual Base Salaries of Named Executive Officers
On February 20, 2007, the Compensation Committee approved the 2007 annual base salaries of Messrs. Staff, Jacobs, Landrum, Jines and Langdon, each of whom is a named executive officer.
|
|
| 2006 Base Salary |
| 2007 Base Salary |
| ||
|
|
| (effective |
| (effective |
| ||
| Named Executive Officer |
| April 1, 2006) |
| April 1, 2007) |
| ||
| Joel V. Staff |
| $ | 1,050,000 |
| $ | 1,050,000 |
|
| Mark M. Jacobs |
| 629,000 |
| 629,000 |
| ||
| Brian Landrum |
| 565,000 |
| 625,000 |
| ||
| Michael L. Jines |
| 386,000 |
| 401,000 |
| ||
| Jerry J. Langdon |
| 338,400 |
| 348,000 |
| ||
