2005 Executive Officer Base Salary and Incentive Bonus Targets Schedule

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the 2005 base salaries and incentive bonus targets for the executive officers of the company, including the President and CEO, Senior Vice President and COO, Vice President and General Counsel, and Vice President of Finance and CFO. The agreement specifies each officer's annual base salary and the target amount for bonuses, which may be awarded in cash, stock options, or both. This schedule sets the compensation framework for these executives for the year 2005.

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EX-10.58 3 v018858_ex10-2.htm
Exhibit 10.58

2005 base salaries and incentive bonus targets for the Registrant’s executive officers.

Executive Officer
  
2005
Base Salary
  
2005 Bonus
Target (units) *
  
G. Frederick Wilkinson,
President and Chief Executive Officer
  
$
500,000
    
250,000
  
Robert S, Mills,
Senior Vice President and Chief Operating Officer
  
$
300,000
    
120,000
  
Michael McGrane, Vice President, General Counsel,
and Secretary
  
$
246,250
    
73,875
  
David L. Weinberg, Vice President - Finance,
Chief Financial Officer, and Treasurer
  
$
204,000
    
61.200
  
 
* Awards may be made in cash, stock options, or a combination thereof.