Quicksilver Resources Inc. 2007 Executive Cash Bonus Description

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Quicksilver Resources Inc. approved a one-time cash bonus for certain employees, including top executives, as part of their 2007 compensation. The bonuses, ranging from $50,000 to $110,000, were awarded to the principal executive officer, principal financial officer, and other named executive officers. The decision was made by the company's Compensation Committee on March 19, 2007, and the specific amounts for each executive are listed in the agreement.

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EX-10.3 2 d46414exv10w3.htm DESCRIPTION OF 2007 CASH BONUS exv10w3  

Exhibit 10.3
QUICKSILVER RESOURCES INC.
Description of 2007 Cash Bonus
     On March 19, 2007, the Compensation Committee of Quicksilver Resources Inc. approved payment of a one-time cash bonus, as part of fiscal 2007 compensation, to certain employees, including Quicksilver’s principal executive officer, principal financial officer and each other individual who is listed as a named executive officer in Quicksilver’s proxy statement for its 2006 annual meeting. The amount of the cash bonus for each of these individuals is set forth below opposite the individual’s name.
         
        Amount of
Name   Position   Bonus
Thomas F. Darden   Chairman of the Board   $110,000
Glenn Darden   President and Chief Executive Officer   $110,000
Jeff Cook   Executive Vice President — Operations   $  50,000
Philip W. Cook   Senior Vice President —
Chief Financial Officer 		  $  70,000
John C. Cirone   Senior Vice President, General Counsel
and Secretary 		  $  50,000
William S. Buckler   Vice President — U.S. Operations   $  50,000