Base Salary and Annual Incentive Plan Target Agreement for CEO Jon A. Marshall
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Summary
This document outlines the new base salary and annual incentive plan target for Jon A. Marshall, the President and Chief Executive Officer of the company. Effective April 1, 2005, Mr. Marshall's base salary will be $655,000, representing a 4.8% increase from 2004. Additionally, his annual incentive plan target is set at 100% of his annual base salary. The agreement specifies the compensation terms for the CEO for the year 2005.
EX-10.4 5 dex104.htm BASE SALARY AND ANNUAL INCENTIVE PLAN TARGET FOR THE COMPANY'S CEO Base Salary and Annual Incentive Plan Target for the Company's CEO
EXHIBIT 10.4
BASE SALARY AND ANNUAL INCENTIVE PLAN TARGET
FOR CHIEF EXECUTIVE OFFICER
| Executive Officer | New Base Salary* | Percentage Increase from 2004 | 2005 Annual Incentive Plan Target Percentage** | ||||||
| Jon A. Marshall | $ | 655,000 | 4.8 | % | 100 | % | |||
| * | This base salary does not go into effect until April 1, 2005. |
| ** | Expressed as a percentage of annual base salary. |
