Compensation Agreement for William Lane Pennington as Vice-Chairman of International Wire Group, Inc.
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Summary
This agreement outlines the compensation and benefits for William Lane Pennington in his role as Vice-Chairman of the Board of International Wire Group, Inc. He will receive an annual salary of $150,000, 25,000 stock options under the company's 2004 Stock Option Plan, and access to the same insurance programs as other executive officers. His term as Vice-Chairman ends on December 31, 2005.
EX-10.19 6 d20055a1exv10w19.txt RELATIONSHIP WITH WILLIAM LANE PENNINGTON - SUMMARY OF TERMS EXHIBIT 10.19 COMPENSATION FOR WILLIAM LANE PENNINGTON Summary of Terms Mr. William Lane Pennington receives the following compensation and benefits for his services as Vice-Chairman of the Board of International Wire Group, Inc.: o $150,000 per annum, payable in such installment amounts and on such payment schedule as the Company pays its executive officers, o 25,000 stock options granted under the Company's 2004 Stock Option Plan, and o participation in such other medical and other insurance programs, and at such levels thereof, as the Company provides its executive officers Mr. Pennington's term as Vice-Chairman expires on December 31, 2005.
