2006 Executive Officer Base Salaries and Annual Incentive Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the 2006 base salaries and annual incentive plan targets for key executive officers of the company, including the President and CEO, Executive Vice President and COO, and several Senior Vice Presidents. It specifies each executive's new base salary, effective January 1, 2006, and their target annual incentive as a percentage of base salary. The agreement sets compensation terms for these officers for the upcoming year.

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EX-10.1 2 dex101.htm BASE SALARIES AND ANNUAL INCENTIVE PLAN Base Salaries and Annual Incentive Plan

EXHIBIT 10.1

 

Executive Officer    

    New Base Salary*
    2006 Annul Incentive Plan
Target Percentage**
  

Jon A. Marshall

    President and

    Chief Executive Officer

    $ 775,000    100 %

W. Matt Ralls

    Executive Vice President

    and Chief Operating Officer

    $ 475,000    75 %

James L. McCulloch

    Senior Vice President

    and General Counsel

    $ 355,000    65 %

Marion M. Woolie

    Senior Vice President,

    Operations

    $ 345,000    65 %

Roger B. Hunt

    Senior Vice President,

    Marketing

    $ 345,000    65 %
* These base salaries do not go into effect until January 1, 2006.
** Expressed as a percentage of annual base salary.