EX-10.(A0) SUMMARY OF DIRECTOR AND EXECUTIVE OFFICER COMPENSATION
EX-10.(AO) 3 g95963exv10wxaoy.txt EX-10.(A0) SUMMARY OF DIRECTOR AND EXECUTIVE OFFICER COMPENSATION EXHIBIT 10(ao) SUMMARY OF DIRECTOR AND EXECUTIVE OFFICER COMPENSATION I. DIRECTOR COMPENSATION. Directors who are employees of the Corporation do not receive additional compensation for serving as directors of the Corporation. The following table sets forth current rates of cash compensation for the Corporation's non-employee directors. Annual Retainer $30,000 (payable in quarterly installments) Additional annual fee for the Audit Committee Chair, Compensation Committee Chair, Stock Award $5,000 (payable in quarterly installments) Committee Chair
II. EXECUTIVE OFFICER COMPENSATION. The following table sets forth the current base salaries provided to the Corporation's Chief Executive Officer and four most highly compensated executive officers. EXECUTIVE OFFICER CURRENT SALARY ----------------- -------------- Don E. Marsh, Chairman of the Board and Chief Executive Officer $1,000,000 David A. Marsh, President and Chief Operating Officer $ 440,000 Jack J. Bayt, President and Chief Operating Officer, Crystal Food Services Division $ 310,000 William L. Marsh, Senior Vice President-Property Management $ 305,000 Daniel L. Cross, President and Chief Operating Officer, Supermarket Division $ 295,000
In addition to their base salaries, the Corporation's Chief Executive Officer and four most highly compensated executive officers are also eligible to: - receive cash bonuses under the Corporation's Management Incentive Plan; - participate in the Corporation's long-term incentive program, which currently involves the award of performance based restricted stock and performance accelerated stock options pursuant to the Corporation's 1998 Stock Incentive Plan; - participate in the Corporation's Deferred Compensation Plan; and - participate in the Corporation's broad-based benefit programs generally available to all full-time employees, including health, disability and life insurance programs.
