Executive Officer Compensation Arrangements for 2005 – Glatfelter Company

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the 2005 base salaries for four executive officers of Glatfelter Company, effective February 1, 2005. The officers named are George H. Glatfelter II, Dante C. Parrini, John C. van Roden, Jr., and Werner A. Ruckenbrod. Salaries are listed in U.S. dollars, with Mr. Ruckenbrod’s salary converted from Euros. The salaries may be adjusted according to company policies. The document also notes that each executive has a change in control agreement and participates in the company’s incentive plans.

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EX-10.(T) 4 w06428exv10wxty.txt COMPENSATORY ARRANGEMENTS WITH CERTAIN EXECUTIVE OFFICERS EXHIBIT 10 (t) COMPENSATORY ARRANGEMENTS WITH CERTAIN EXECUTIVE OFFICERS Set forth below are the base salaries of the named executive officers of the Company, effective February 1, 2005:
NAME AND TITLE 2005 SALARY -------------- ----------- George H. Glatfelter II Chairman and Chief Executive Officer $530,200 Dante C. Parrini $334,008 Executive Vice President and Chief Operating Officer John C. van Roden, Jr. $305,340 Executive Vice President and Chief Financial Officer Werner A. Ruckenbrod $301,298 Vice President Long Fiber & Overlay Papers
- --------------------- (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 2005. 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 2004 10-K. Also, each executive officer participates in the Company's 1992 Long-Term Incentive Plan and in its Management Incentive Plan, each of which are included as exhibits to the 2004 10-K.