2005 Compensation Summary
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.32 5 dex1032.htm FORM OF STOCK OWNERSHIP GUIDELINE. Form of Stock Ownership Guideline.
Exhibit 10.32
March, 2005
Executive
Limited Support Group
The following chart provides a summary of your new compensation package for 2005:
2005 Compensation Summary
| 2004 | 2005 | % Increase | |||||||||
| Annual Base Salary | $ | XX | $ | XX | X | % | |||||
| IC Target % | X | % | X | % | |||||||
| Total Cash Compensation at Target | $ | XX | $ | XX | X | % | |||||
| 2005 Bi-Weekly Salary = $XXX | |||||||||||
| Stock Options | X,XXX | | Limited Brands shares at closing price on March 31st. | | |||||||
| Stock Ownership Guideline : 3 x base salary* | |||||||||||
| Time to Achieve Guideline: 5 years | |||||||||||
| * | Guideline for executive positions other than Chairman/CEO (5x base salary) and Vice Chairman/COO (4x base salary). |
Your 2005 base salary will be effective April 3, 2005, and will be reflected in your April 15, 2005 paycheck. You will receive more information regarding your 2005 stock-based awards later this spring.
Thank you for your contributions to the company during 2004.
| cc: | Associate Personnel File |
This statement is for informational purposes only. It does not guarantee employment or any specific compensation level. Stock-based awards will be pursuant to the company’s 1993 Stock Option and Performance Incentive Plan (Restated 2003).
