Compensation Arrangement Letter for Maureen Ehrenberg from SVP Human Resources to CFO

Summary

This memorandum confirms compensation adjustments for Maureen Ehrenberg, including an annualized base salary of $400,000 effective January 1, 2003, and a $100,000 pre-payment toward her 2003 bonus. Both the retroactive salary and bonus payments will be paid as lump sums on the May 31, 2003 payroll, along with a one-time payment of $75,000. All payments are subject to standard withholdings and deductions. The memo is addressed to the CFO from the SVP of Human Resources, with a copy to the President of Management Services.

EX-10.18 6 c77911exv10w18.htm COMPENSATION ARRANGEMENT LETTER exv10w18

Exhibit 10.18


		Interoffice Memorandum For Internal Use Only


To:		Brian Parker, CFO
Date:		May 22, 2003
From:		Beth Tarter, SVP Human Resources
CC:		Maureen Ehrenberg, President, Management Services File
Subject:		Confirmation of Compensation Adjustments for Maureen Ehrenberg

Compensation Adjustments:

	1.		Base Salary: $400,000.00 if annualized; effective January 1, 2003

	2.		Retro due on base salary to be paid as lump sum on the May 31, 2003 payroll

	3.		Pre-payment toward 2003 bonus: $100,000.00 if annualized; effective January 1, 2003.

	4.		Retro due on pre-payment toward 2003 potential bonus to paid as lump sum on the May 31, 2003 payroll.

	5.		One time payment of $75,000.00 to be paid as lump sum on May 31, 2003 payroll cycle.

	6.		All amounts listed above are gross amounts and will be paid less withholding and customary deductions.