Executive Officer Salary Arrangements as of February 1, 2011

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the annual base salaries for four executive officers of the company as of February 1, 2011, including the President and CEO, CFO, and two Vice Presidents. The salaries are subject to change according to company compensation policies. It also notes that each executive has a change in control employment agreement and participates in the company's long-term and management incentive plans.

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EX-10.(P) 2 w81919exv10wxpy.htm EXHIBIT 10(P) exv10wxpy
EXHIBIT 10(p)
COMPENSATORY ARRANGEMENTS WITH CERTAIN EXECUTIVE OFFICERS
Salaries as of February 1, 2011
         
NAME AND TITLE   SALARY
 
Dante C. Parrini
   $ 630,000  
President and Chief Executive Officer
        
 
        
John P. Jacunski
   $ 399,237  
Senior Vice President and Chief Financial Officer
        
 
        
Debarata Mukherjee
   $ 329,400  
Vice President and General Manager, Specialty Papers Business Unit
        
 
        
Martin Rapp(1)
   $ 374,764  
Vice President and General Manager, Composite Fibers Business Unit
        
 
(1)   Mr. Rapp’s annual salary is 279,967 euros. The amount set forth above is based on the currency exchange rate at December 31, 2010.
     The annual base salaries are subject to adjustment pursuant to the Company’s employee compensation policies in effect from time to time. Each of the above executive officers has a change in control employment agreement, which is included as exhibits to this Form 10-K. Also, each executive officer participates in the Company’s 2005 Long-Term Incentive Plan and in its Management Incentive Plan, each of which are incorporated by reference as exhibits to this Form 10-K.