2005-2006 Executive Compensation Summary for Key Officers
This document outlines the base salaries, actual annual incentive bonus payments for 2005, and the base salaries and maximum potential bonus percentages for 2006 for several top executives, including the CEO, Chief Risk Executive, Chief Finance Executive, Chief Legal Executive, Chief Capital Markets Executive, and Chief Strategic Initiatives Executive. It details each executive's compensation structure and any changes in salary or bonus eligibility for the upcoming year.
Exhibit 10.2
Executive Compensation Summary
| Name/Title |
| 2005 Base |
| 2005 Actual |
| Base Salary |
| 2006 Maximum |
| 2006 Base Salary |
| ||||
| Douglas K. Freeman |
| $ | 550,000 |
| $ | 83,600 |
| $ | 550,000 |
| 150 | % | $ | 625,000 |
|
| R. Theodore Brauch |
| $ | 150,000 |
| $ | 29,858 |
| $ | 150,000 |
| 75 | % | $ | 175,000 |
|
| Steven F. Herbert |
| $ | 220,500 |
| $ | 111,915 |
| $ | 220,500 |
| 150 | % | $ | 270,000 |
|
| Charles E. Mapson |
| $ | 180,000 |
| $ | 33,962 |
| $ | 180,000 |
| 75 | % | $ | 200,000 |
|
| Jerald W. McCoy |
| $ | 225,000 |
| $ | 83,824 |
| $ | 225,000 |
| 150 | % | $ | 225,000 |
|
| William M. Ross |
| $ | 225,000 |
| $ | 125,798 |
| $ | 225,000 |
| 150 | % | $ | 225,000 |
|
