Salary and Bonus Arrangements for Executive Officers Dr. David G. Bakken and Stephan B. Sigaud
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Summary
This document outlines the salary and bonus arrangements for Dr. David G. Bakken and Stephan B. Sigaud, who were appointed as executive officers of the company on April 30, 2008. Their salaries and bonus targets for fiscal year 2008 are specified, with Dr. Bakken participating in the Corporate Bonus Plan and Mr. Sigaud in the Business Unit Bonus Plan. These arrangements are unwritten and may be changed at the discretion of the Compensation Committee.
EX-10.6 6 l31475aexv10w6.htm EX-10.6 EX-10.6
EXHIBIT 10.6
SALARY ARRANGEMENTS FOR EXECUTIVE OFFICERS
Dr. David G. Bakken and Stephan B. Sigaud were appointed on April 30, 2008 by the Board of Directors to serve as executive officers of the Company. Their respective salaries, shown below, are paid under unwritten arrangements subject to modification from time to time at the sole discretion of the Compensation Committee. Dr. Bakken participates in the Company’s Corporate Bonus Plan while Mr. Sigaud participates in the Company’s Business Unit Bonus Plan. Their respective targets for fiscal 2008 under those plans are shown below.
| Target Bonus | ||||||||
| Salary | FY08 | |||||||
David G. Bakken, PhD | $ | 210,000 | $ | 50,000 | ||||
Executive Vice President and Chief Scientist | ||||||||
Stephan B. Sigaud | $ | 260,000 | $ | 75,000 | ||||
President, U.S. Solutions Research Groups | ||||||||
