EXECUTIVE SALARIES AND BONUSES
EX-10.16 2 ex10_16.htm 2008 OHI EXECUTIVE OFFICERS SALARIES AND 2007 BONUSES ex10_16.htm
EXHIBIT 10.16
EXECUTIVE SALARIES AND BONUSES
On December 13, 2007, the Compensation Committee of our Board of Directors increased the annual salary of our named executive officers, in accordance with the terms and conditions of the respective employment agreements previously filed by us, as follows:
| C. Taylor Pickett | $549,500 |
| Daniel J. Booth | $338,500 |
| Robert O. Stephenson | $272,000 |
| R. Lee Crabill | $262,500 |
| Michael D. Ritz | $181,500 |
Also, the Compensation Committee approved 2007 cash bonus payments to executive officers in the amounts set forth below opposite the name of such officer:
| C. Taylor Pickett | $663,125 |
| Daniel J. Booth | $244,875 |
| Robert O. Stephenson | $157,620 |
| R. Lee Crabill | $136,840 |
| Michael D. Ritz | $61,250 |
