2008 Base Salaries, 2008 Target Incentive Opportunity Percentages and 2008 Equity Awards for NamedExecutive Officers
Contract Categories:
Human Resources
- Bonus & Incentive Agreements
EX-10.60 3 dex1060.htm 2008 BASE SALARIES, 2008 TARGET INCENTIVE OPPORTUNITY PERCENTAGES 2008 Base Salaries, 2008 Target Incentive Opportunity Percentages
EXHIBIT 10.60
2008 Base Salaries, 2008 Target Incentive Opportunity
Percentages and 2008 Equity Awards for Named Executive Officers
| 2008 Base Salary | 2008 Target Incentive Award Opportunity (% of base salary) | 2008 Equity Awards | |||||||||||||
| Named Executive Officer | Stock Options ($) | Performance Units ($) | Time-Based Restricted Stock Units ($) | ||||||||||||
| Myron E. Ullman, III Chairman and Chief Executive Officer | $ | 1,500,000 | 125 | % | $ | 4,000,000 | $ | 2,000,000 | $ | 2,000,000 | |||||
| Robert B. Cavanaugh Executive Vice President, Chief Financial Officer | $ | 700,000 | 75 | % | $ | 725,000 | $ | 362,500 | $ | 362,500 | |||||
| Ken C. Hicks President and Chief Merchandising Officer | $ | 900,000 | 100 | % | $ | 1,657,500 | $ | 828,750 | $ | 828,750 | |||||
| Michael T. Theilmann Executive Vice President, Chief Human Resources and Administration Officer | $ | 600,000 | 75 | % | $ | 632,500 | $ | 316,250 | $ | 316,250 | |||||
| Joanne L. Bober ** Executive Vice President, General Counsel and Secretary | $ | 500,000 | N/A | N/A | N/A | N/A | |||||||||
| ** | Ms. Bober retired as Executive Vice President, General Counsel and Secretary of the Company effective March 31, 2008. |
