2008 Compensation Memorandum between Drew Industries and Leigh J. Abrams

Contract Categories: Human Resources › Compensation Agreements
Summary

This memorandum outlines the 2008 compensation terms for Leigh J. Abrams as President and CEO of Drew Industries Incorporated. Mr. Abrams will receive a base salary of $400,000 and a bonus equal to 2.5% of pre-tax profits exceeding $20,668,000. The agreement is confirmed by both Mr. Abrams and the Chairman of the Compensation Committee.

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EX-10.1 2 v094836_ex10-1.htm
CORPORATE MEMORANDUM
 
TO:  Leigh J. Abrams

FROM: Compensation Committee

SUBJECT: 2008 Compensation
 
DATE: November 14, 2007
 
This memorandum is to confirm our understanding with respect to your compensation as President and Chief Executive Officer of Drew Industries Incorporated for 2008:

1) Base Salary $400,000
2) Bonus:  2.5% of pre-tax profits in excess of $20,668,000
 
AGREED:
       
/s/ James F. Gero       
   
James F. Gero
Chairman, Compensation Committee		      

       
/s/ Leigh J. Abrams      
   
Leigh J. Abrams