2006 Base Salaries and 2005 Bonuses for Named Executive Officers

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the 2006 base salaries and 2005 bonuses for certain executive officers, as approved by the Compensation Committee of the Board of Directors on March 9, 2006. The agreement lists the names, positions, new base salaries effective April 1, 2006, and bonuses for the fiscal year ended December 31, 2005. It applies to executives including Frank C. Lanza, Michael T. Strianese, Christopher C. Cambria, Charles J. Schafer, and Robert W. Drewes. The document formalizes compensation decisions for these officers.

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EX-10.98 11 file008.htm 2006 BASE SALARIES AND 2005 BONUSES FOR OFFICERS 
  EXHIBIT 10.98 2006 BASE SALARIES AND 2005 BONUSES FOR NAMED EXECUTIVE OFFICERS On March 9, 2006, the Compensation Committee of our Board of Directors approved increases in the base salaries of certain of the named executives, to be effective April 1, 2006 and bonuses for the named executives effective for the fiscal year ended December 31, 2005, as set forth below. The base salary for Robert Drewes was increased by the Compensation Committee on July 12, 2005. NAME AND POSITION BASE SALARY 2005 BONUS - -------------------------------- ------------------------ --------------------- Frank C. Lanza $1,100,000 $1,200,000 Michael T. Strianese $550,000 $630,000 Christopher C. Cambria $475,000 $575,000 Charles J. Schafer $450,000 $525,000 Robert W. Drewes $450,000 $750,000 - ---------------------------------------------------------------------------------------------------------------