Summary of Executive Officer Compensation for 2005 – Board of Directors of the Company

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the base salaries for the Company's Chief Executive Officer and its five highest-paid executive officers as of December 1, 2005. The Board of Directors periodically reviews and sets compensation for these senior managers. The listed officers and their respective positions and base salaries are specified, providing transparency regarding executive pay within the company.

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EX-10.5 13 qr-forms1ex105_6644737.txt SUMMARY OF DIRECTOR COMPENSATION ARRANGEMENTS Exhibit 10.5 Summary of Executive Officer Compensation The Company's Board of Directors meets periodically during the course of the year to consider compensation programs for executive officers and senior managers of the Company. The following are the base salaries for the Company's Chief Executive Officer and its other five most highly compensated officers as of December 1, 2005. Executive Officer Position 2005 Base Salary Jerry D. Cash Chief Executive Officer $400,000 David E. Grose Chief Financial Officer $275,000 Bree M. Stewart Executive VP Land $80,000 Richard A. Marlin Chief Operating Officer $132,000 Walter Yuras Executive VP Geology $159,600