Executive Officer Compensation Arrangement for 2007 – Glatfelter Company

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the base salaries for certain executive officers of Glatfelter Company, effective February 1, 2007. It lists the annual salaries for the Chairman and CEO, CFO, COO, and VP of Human Resources & Administration. The salaries are subject to change according to company policies. The document also notes that each executive officer 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) 3 w31558exv10wxpy.txt COMPENSATORY ARRANGEMENT EXHIBIT 10 (p) COMPENSATORY ARRANGEMENTS WITH CERTAIN EXECUTIVE OFFICERS Set forth below are the base salaries of the individuals who will be identified as named executive officers(1) of the Company in the Company's 2007 proxy statement. The salary increases for each named executive officer were effective February 1, 2007.
NAME AND TITLE SALARY -------------- ------ George H. Glatfelter II Chairman and Chief Executive Officer $590,000 John P. Jacunski Senior Vice President and Chief Financial Officer 296,809 Dante C. Parrini Executive Vice President and Chief Operating Officer 420,854 William T. Yanavitch II Vice President Human Resources & Administration 222,768
- --------------------- In addition to the individuals named below, John van Roden will be identified as "named executive officer" in the Company's 2007 proxy statement. However, on December 31, 2006, Mr. van Roden retired as Executive Vice President of the Company. 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 the 2006 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 the 2006 10-K.