Summary of Compensatory Arrangements with Executive Officers for 2005

Summary

This document outlines the base salaries approved by the compensation committee for the company's executive officers for the 2005 calendar year. It lists the names, titles, and corresponding annual salaries for each executive. For some officers, the listed salary reflects their 2004 compensation, as their 2005 salary had not yet taken effect at the time of the summary. The agreement ensures transparency regarding executive compensation within the organization.

EX-10.25 3 b53288miexv10w25.txt EX-10.25 SUMMARY OF COMPENSATORY ARRANGEMENTS WITH EXECUTIVE OFFICERS EXHIBIT 10.25 SUMMARY OF COMPENSATORY ARRANGEMENTS WITH EXECUTIVE OFFICERS The compensation committee of the board of directors approved the following base salaries for the executive officers, which apply for calendar year 2005 (unless otherwise noted): John R. Bertucci $500,000.00 Chairman and Chief Executive Officer Leo Berlinghieri $370,000.00 President and Chief Operating Officer Gerald G. Colella $265,762.00 Vice President, Global Business and Service Operations Ron Hadar $205,000.00 Vice President and General Manager, CIT Products Robert L. Klimm $214,362.00* Vice President and General Manager, Power and Reactive Gas Products Group John A. Smith $250,719.00* Vice President and Chief Technology Officer William D. Stewart $226,095.00* Vice President and General Manager, Vacuum Products Group Ronald C. Weigner $240,000.00 Vice President and Chief Financial Officer - ----------------- * Represents 2004 salary. 2005 salary is not yet effective for this individual.