2005 Executive Officer Salary Approval Agreement – Nashua Corporation

Contract Categories: Human Resources › Compensation Agreements
Summary

Nashua Corporation's Board of Directors, through its Leadership and Compensation Committee, approved the 2005 annual base salaries for its named executive officers on December 3, 2004. The agreement lists the officers, their positions, and their respective base salaries for the year. This document formalizes the company's compensation decisions for its top executives for 2005.

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EX-10.15 6 b52785ncexv10w15.txt EX-10.15 NAMED EXECUTIVE 2005 SALARIES Exhibit 10.15 On December 3, 2004, the Leadership and Compensation Committee of the Board of Directors of Nashua Corporation approved the following 2005 annual base salaries for the Company's named executive officers (as defined in Item 402(a)(3) of Regulation S-K):
Name and Position 2005 Base Salary - ----------------- ---------------- Andrew B. Albert .............................................. $450,000 Chairman, President and Chief Executive Officer John L. Patenaude ............................................. $220,000 Vice President - Finance, Chief Financial Officer and Treasurer Thomas R. Pagel ............................................... $210,000 Vice President President, Label Products Division Donna J. DiGiovine ............................................ $215,000 Vice President President, Coated Paper Division President, Toner Products Division Margaret S. Adams ............................................. $215,000 Vice President, Chief Information Officer President, Converted Paper Division