SUMMARY OF COMPENSATION ARRANGEMENTS WITH NAMED EXECUTIVE OFFICERS

Contract Categories: Human Resources - Compensation Agreements
EX-10.13 3 dex1013.htm SUMMARY OF COMPENSATION ARRANGEMENTS WITH NAMED EXECUTIVE OFFICERS Summary of Compensation Arrangements with Named Executive Officers

Exhibit 10.13

 

SUMMARY OF COMPENSATION ARRANGEMENTS WITH NAMED EXECUTIVE OFFICERS

 

The following table sets forth the annual base salary actually paid and target bonus levels for the Company’s Named Executive Officers for 2004. Base salaries and target bonus levels for these Named Executive Officers will remain in effect until the Compensation Committee of our Board of Directors approves changes thereto:

 

NAME AND POSITION

    YEAR
    BASE SALARY
     TARGET BONUS

Vincent C. Smith

Chairman of the Board and
Chief Executive Officer

    2004    $ 150,000     $ 200,000

Douglas F. Garn

President(1)

    2004      400,000       200,000

M. Brinkley Morse

Vice President, Finance
and Operations and Chief
Financial Officer

    2004      350,000       150,000

Douglas Merritt

Senior Vice President and
General Manager, ADM

    2004      211,458 (2)     75,000

Ratmir Timashev

Senior Vice President and
General Manager, Microsoft Solutions

    2004      112,500 (3)     150,000
(1)   During 2004, Mr. Garn was Vice President, Worldwide Sales. Mr. Garn was promoted to President on February 18, 2005.
(2)   Mr. Merritt joined Quest on April 30, 2004, with an annual salary of $350,000.
(3)   Mr. Timashev joined Quest on March 17, 2004 as a result of our acquisition of Aelita Software Corporation, with an annual salary of $180,000.