Summary of Executive Compensation Arrangements for Key Officers

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation arrangements for several executive officers, including their positions, effective dates, base salaries, and annual target bonus percentages. The named executives are Jeffrey R. Rodek, Godfrey R. Sullivan, David W. Odell, Robin L. Washington, Mark D. Cochran, and Heidi M. Melin. Each executive's base salary and target bonus as a percentage of salary are specified, with effective dates for each arrangement. The agreement sets out the company's compensation commitments to these officers for the specified periods.

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EX-10.11 2 f23161exv10w11.htm EXHIBIT 10.11 exv10w11  

Exhibit 10.11
Summary of Executive Compensation Arrangements
                             
 
  Named     Position     Effective Date     Base Salary     Annual Target  
  Executive Officer                       Bonus  
                          (% of Salary)  
 
1. Jeffrey R. Rodek
    Executive Chairman of the Board     July 1, 2006     $400,000     0%  
 
2. Godfrey R. Sullivan
    President and Chief Executive Officer     July 21, 2005     $535,000     100%  
 
3. David W. Odell
    Chief Financial
Officer 		    July 21, 2005     $355,000     60%  
 
4. Robin L. Washington
    Chief Financial
Officer 		    January 17, 2006     $355,000     60%  
 
5. Mark D. Cochran
    Vice President, General Counsel and Secretary     July 21, 2005     $286,000     60%  
 
6. Heidi M. Melin
    Chief Marketing
Officer 		    June 13, 2005     $260,000     60%