2010 Executive Officer Base Salary Arrangements for Glatfelter Company

Contract Categories: Human Resources › Compensation Agreements
Summary

This document lists the 2010 base salaries for Glatfelter Company's top executive officers, including the Chairman and CEO, CFO, and other senior leaders. It specifies each officer's annual salary and notes that these amounts may be adjusted according to company compensation policies. The document also states that each executive has a change in control employment agreement and participates in the company's long-term and management incentive plans. The salary for one executive is provided in euros, converted to U.S. dollars as of December 31, 2009.

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EX-10.(Q) 5 w77554exv10wxqy.htm EXHIBIT 10(Q) exv10wxqy
EXHIBIT 10(q)
COMPENSATORY ARRANGEMENTS WITH CERTAIN EXECUTIVE OFFICERS
     Set forth below are the base salaries of the individuals for 2010 who will be identified as named executive officers(1) of the Company in the Company’s 2010 proxy statement.
         
NAME AND TITLE   SALARY
George H. Glatfelter II
   $ 700,500  
Chairman and Chief Executive Officer
        
 
        
John P. Jacunski
   $ 352,372  
Senior Vice President and Chief Financial Officer
        
 
        
Dante C. Parrini
   $ 535,327  
Executive Vice President and Chief Operating Officer
        
 
        
Debarata Mukherjee
   $ 311,607  
Vice President and General Manager, Specialty Papers Business Unit
        
 
        
Martin Rapp(1)
   $ 383,954  
Vice President and General Manager, Composite Fibers Business Unit
        
 
(1)   Mr. Rapp’s annual salary is 266,635 euros. The amount set forth above is based on the currency exchange rate at December 31, 2009.
     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.