Executive Compensation Summary for Steven Spinner as President and CEO of Performance Food Group Company

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Summary

This agreement outlines the compensation terms for Steven Spinner as President and CEO of Performance Food Group Company. Effective October 1, 2006, Mr. Spinner will receive an annual base salary of $600,000. He is also eligible for cash bonuses, participation in the company's equity incentive programs, and access to standard employee benefits, including health insurance, retirement, and severance plans. Further details will be provided in the company's 2007 proxy statement.

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EX-10.1 2 g03112exv10w1.htm EX-10.1 STEVEN SPINNER EXECUTIVE COMPENSATION SUMMARY Ex-10.1  

EXHIBIT 10.1
STEVEN SPINNER EXECUTIVE COMPENSATION SUMMARY
     Base Salary. Beginning October 1, 2006, Steven Spinner’s annual base salary for his service as President and Chief Executive Officer of Performance Food Group Company, a Tennessee corporation (the “Company”) will be $600,000.
     Additional Benefits. In addition to his annual base salary, Mr. Spinner is also eligible to:
  °   Receive cash bonuses under the Company’s 2006 Cash Incentive Plan;
 
  °   Participate in the Company’s equity incentive programs, which currently involves the award of stock options and/or restricted stock pursuant to the Company’s 2003 Equity Incentive Plan; and
 
  °   Participate in the Company’s broad-based benefit programs generally available to the Company’s employees, including health, disability and life insurance programs and the Company’s 401k plan as well as the Company’s Supplemental Executive Retirement Plan, Executive Deferred Compensation Plan and Senior Management Severance Plan.
     The foregoing information is summary in nature. Additional information regarding Mr. Spinner’s compensation will be provided in the Company’s proxy statement to be filed in connection with the 2007 annual meeting of the Company’s shareholders.