McDermott International, Inc. 2012 Executive Base Salary and Target EICP Compensation Summary
This document outlines the 2012 base salaries and target annual incentive compensation (EICP) percentages for McDermott International, Inc.'s named executive officers. It lists the base salary and the target EICP award, expressed as a percentage of base salary, for each executive, including the CEO, CFO, and other senior officers. The agreement sets forth the compensation structure for these executives for the year 2012.
Exhibit 10.4
McDERMOTT INTERNATIONAL, INC.
Summary of
Named Executive Officer
2012 Base Salary and
Target EICP Compensation
| Named Executive Officer | Base Salary | Target EICP Award (as a % of 2012 base salary earned) | ||||||
| Stephen M. Johnson | $ | 950,000 | 100 | % | ||||
| Perry L. Elders | $ | 485,000 | 70 | % | ||||
| Gary L. Carlson | $ | 336,000 | 70 | % | ||||
| Liane K. Hinrichs | $ | 440,000 | 70 | % | ||||
| John T. McCormack | $ | 500,000 | 80 | % | ||||
