Summary of Compensation Arrangements for Margaret D. Kirkpatrick, Vice President and General Counsel
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Summary
This document outlines the compensation package for Margaret D. Kirkpatrick, Vice President and General Counsel of Northwest Natural Gas Company. She will receive an annual salary of $210,000, be considered for a grant of 6,000 stock options, and participate in the company's executive incentive and retirement plans. Her target annual bonus is 30% of her salary, with a maximum of 45%. In the event of a change in control, she is entitled to severance equal to two times her annual salary.
EX-10.1 2 dex101.htm SUMMARY OF COMPENSATION ARRANGEMENTS Summary of Compensation Arrangements
Exhibit 10.1
Summary of Compensation Arrangements for Margaret D. Kirkpatrick, Vice
President and General Counsel
| • | Annual salary of $210,000 |
| • | A grant of options on 6,000 shares of Northwest Natural Gas Company common stock to be considered for approval by the Organization and Executive Compensation Committee at its scheduled meeting in July |
| • | Participation in the Northwest Natural Gas Company Executive Annual Incentive Plan at a target bonus of 30% of salary (maximum of 45% of salary) |
| • | Participation in the Northwest Natural Gas Company Supplemental Executive Retirement Plan and the Northwest Natural Gas Company Deferred Compensation Plan for Directors and Executives |
| • | Change in control severance agreement at two times annual salary |
