Summary of Officer Compensation Arrangements for Pride International, Inc. Executives (Effective July 1, 2006)

Contract Categories: Human Resources › Compensation Agreements
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.

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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 Pride’s annual incentive compensation plan for Pride’s officers as of that date who are named in the Summary Compensation Table included in Item 11 of Pride’s 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