Summary of Officer Compensation Arrangements for Pride International, Inc. Executives (Effective July 1, 2006)
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Summary
This document outlines the base salaries and target bonuses for certain executive officers of Pride International, Inc., effective July 1, 2006. The officers named include the President and CEO, Senior Vice Presidents, and a Vice President. Each officer's annual base salary and the percentage of their target bonus under the company's incentive compensation plan are specified. These arrangements are part of the company's standard executive compensation practices and are referenced in the company's annual report.
EX-10.1 2 h37704exv10w1.htm SUMMARY OF CERTAIN OFFICER COMPENSATION ARRANGEMENTS exv10w1
Exhibit 10.1
Summary of Certain Officer Compensation Arrangements
Effective July 1, 2006
The following table presents, effective July 1, 2006, the base salary and 2006 target bonuses under Prides annual incentive compensation plan for Prides officers as of that date who are named in the Summary Compensation Table included in Item 11 of Prides annual report on Form 10-K for the year ended December 31, 2005.
Name and Principal Position | Salary | Target Bonus | ||
Louis A. Raspino | $850,000 | 80% | ||
President and Chief Executive Officer | ||||
W. Gregory Looser | $360,000 | 55% | ||
Senior Vice President, General Counsel and Secretary | ||||
Kevin C. Robert | $315,000 | 55% | ||
Senior Vice President, Marketing and Business Development | ||||
Gary W. Casswell | $315,000 | 55% | ||
Vice President, Eastern Hemisphere Operations |