Executive Officer Base Salary Arrangements Effective February 1, 2006 for Glatfelter Company

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the annual base salaries for certain executive officers of Glatfelter Company, effective February 1, 2006. It lists the names, titles, and corresponding salaries of five executives. The salaries are subject to change according to the company's compensation policies. Additionally, each executive has a change in control employment agreement and participates in the company's long-term and management incentive plans. One executive's salary is paid in Euros, with the U.S. dollar equivalent provided. The document serves as a record of compensation arrangements for these officers.

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EX-10.(Q) 6 w18389exv10wxqy.txt COMPENSATORY ARRANGEMENTS WITH CERTAIN EXECUTIVE OFFICERS EXHIBIT 10(q) COMPENSATORY ARRANGEMENTS WITH CERTAIN EXECUTIVE OFFICERS Set forth below are the base salaries of the named executive officers of the Company, effective February 1, 2006.
NAME AND TITLE SALARY -------------- --------- George H. Glatfelter II $ 546,108 Chairman and Chief Executive Officer Dante C. Parrini $ 350,712 Executive Vice President and Chief Operating Officer John C. van Roden, Jr. $ 311,436 Executive Vice President and Chief Financial Officer Werner A. Ruckenbrod $ 277,148 Vice President Long Fiber & Overlay Papers John P. Jacunski $ 219,312 Vice President and Corporate Controller
- ---------- (1) Mr. Ruckenbrod's compensation is paid in Euros. The amount set forth above represents the U.S. dollar equivalent based on the average exchange rate during the first two months of 2006. 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 is 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.