2007 Executive Officer Base Salary and Annual Incentive Plan Bonus Schedule
Contract Categories:
Human Resources
›
Bonus & Incentive Agreements
Summary
This document outlines the new base salaries and target bonus percentages for the 2007 Annual Incentive Plan for key executive officers, including the President and CEO, Executive Vice President and COO, and other senior officers. The new salaries become effective January 1, 2007, and the bonus targets are set as a percentage of each officer's annual base salary.
EX-10.2 3 dex102.htm BASE SALARIES AND 2007 ANNUAL INCENTIVE PLAN BONUS Base Salaries and 2007 Annual Incentive Plan Bonus
EXHIBIT 10.2
| Executive Officer | New Base Salary* | 2007 Annual Incentive Plan Target Percentage** | ||||
| Jon A. Marshall President and Chief Executive Officer | $ | 850,000 | 100 | % | ||
| W. Matt Ralls Executive Vice President and Chief Operating Officer | $ | 500,000 | 75 | % | ||
| Michael R. Dawson Senior Vice President and Chief Financial Officer | $ | 375,000 | 65 | % | ||
| James L. McCulloch Senior Vice President and General Counsel | $ | 375,000 | 65 | % | ||
| Roger B. Hunt Senior Vice President, Marketing | $ | 365,000 | 65 | % | ||
| * | These base salaries do not go into effect until January 1, 2007. |
| ** | Expressed as a percentage of annual base salary. |
