2009 Executive Officer Base Salary Arrangements for Glatfelter Company

Contract Categories: Human Resources › Compensation Agreements
Summary

This document lists the 2009 base salaries for Glatfelter Company's top executive officers, including the Chairman and CEO, CFO, COO, and other senior leaders. It outlines each officer's annual salary, notes that one salary is paid in euros, and states that these amounts may change according to company compensation policies. The document also mentions 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.(R) 6 w73077exv10wxry.txt EX-10(R) EXHIBIT 10(r) COMPENSATORY ARRANGEMENTS WITH CERTAIN EXECUTIVE OFFICERS Set forth below are the base salaries of the individuals for 2009 who will be identified as named executive officers(1) of the Company in the Company's 2008 proxy statement.
NAME AND TITLE SALARY -------------- ------ George H. Glatfelter II $664,400 Chairman and Chief Executive Officer John P. Jacunski $332,426 Senior Vice President and Chief Financial Officer Dante C. Parrini $505,025 Executive Vice President and Chief Operating Officer Martin Rapp(1) $364,785 Vice President and General Manager, Composite Fibers Business Unit William T. Yanavitch II $240,589 Vice President, Human Resources and Administration
(1) Mr. Rapp's annual salary is 258,768 euros. The amount set forth above is based on the currency exchange rate at December 31, 2008. 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.