2006 Incentive Compensation Awards and 2007 Compensation Terms for Named Executive Officers

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the 2006 incentive compensation awards, 2007 base salaries, target incentive opportunity percentages, and 2007 equity awards for the named executive officers of the company. It lists the specific compensation amounts, target bonus percentages, and equity awards (stock options and performance units) for each executive, including the CEO, CFO, and other key officers. The agreement sets forth the compensation structure and performance-based incentives for the upcoming year.

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EX-10.56 2 d44721exv10w56.htm 2006 INCENTIVE COMPENSATION AWARDS, 2007 BASE SALARIES, 2007 TARGET INCENTIVE OPPORTUNITY PERCENTAGES AND 2007 EQUITY AWARDS exv10w56  

EXHIBIT 10.56
2006 Incentive Compensation Awards, 2007 Base Salaries,
2007 Target Incentive Opportunity Percentages and
2007 Equity Awards for Named Executive Officers
                                         
                    2007      
                    Target   2007  
    2006             Incentive Award   Equity Awards  
    Incentive     2007     Opportunity   Stock Options     Performance Units  
Named Executive Officer   Compensation     Base Salary     (% of base salary)   (#)     (#)  
Myron E. Ullman, III
                                        
Chairman of the Board and
                                        
Chief Executive Officer
   $ 2,673,750     $ 1,500,000       125 %     201,511       50,955  
 
                                        
Robert B. Cavanaugh
                                        
Executive Vice President and
                                        
Chief Financial Officer
   $ 723,575     $ 690,000       60 %     34,005       8,599  
 
                                        
Ken C. Hicks
                                        
President and
                                        
Chief Merchandising Officer
   $ 1,072,932     $ 840,000       75 %     75,567       19,108  
 
                                        
Michael T. Theilmann
                                        
Executive Vice President,
                                        
Chief Human Resources and
                                        
Administration Officer
   $ 550,924     $ 550,000       60 %     27,708       7,006  
 
                                        
Joanne L. Bober
                                        
Executive Vice President,
                                        
General Counsel
                                        
and Secretary
   $ 412,049     $ 500,000       50 %     20,151       5,096