Executive and Director Compensation Exhibit
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EX-10.28 2 dex1028.htm SUMMARY OF EXECUTIVE AND DIRECTOR COMPENSATION Summary of Executive and Director Compensation
Exhibit 10.29
Executive and Director Compensation Exhibit
Per annum base salaries of the Executive Officers of the Company as of May 1, 2006:
| Executive Officers | Per Annum Base Salaries as of May 1, 2006 | ||
| Paul Cormier | $ | 300,000 | |
| Michael Cunningham | $ | 275,000 | |
| Charles E. Peters, Jr. | $ | 325,000 | |
| Alex Pinchev | $ | 325,000 | |
| Joanne Rohde | $ | 275,000 | |
| Matthew Szulik | $ | 400,000 | |
Board of Directors’ retainers as of May 1,2006:
| Directors | Board Retainer | Lead Director Retainer | Director Committee Memberships | Total Annual per Director | Deferred Stock Election | |||||||||||||||
| Audit | Comp / Nominating | |||||||||||||||||||
| E. McDonald | $ | 30,000 | $ | 10,000 | $ | 5,000 | $ | 45,000 | 100% of all compensation | |||||||||||
| M. Fox | $ | 30,000 | $ | 10,000 | $ | 5,000 | $ | 45,000 | 50% of cash compensation 100% of equity compensation | |||||||||||
| W. Kaiser | $ | 30,000 | $ | 20,000 | $ | 10,000 | $ | 0 | $ | 60,000 | N/A | |||||||||
| H. Shelton | $ | 30,000 | $ | 10,000 | $ | 5,000 | $ | 45,000 | 100% of cash compensation 50% of equity compensation | |||||||||||
| W. Albrecht | $ | 30,000 | $ | 20,000 | $ | 5,000 | $ | 55,000 | 50% of equity compensation | |||||||||||
| E. Kozel | $ | 30,000 | $ | 5,000 | $ | 5,000 | $ | 40,000 | 100% of cash compensation 50% of equity compensation | |||||||||||
| N. Gupta | $ | 30,000 | $ | 5,000 | $ | 5,000 | $ | 40,000 | N/A | |||||||||||
Director Stock Compensation Summary
| • | Initial Election: 40,000 options, 3 year vesting |
| • | Annual Grant (on the earlier of (i) date of annual Shareholders Meeting or (ii) August 13, 2006: 10,000 options, fully vested |
| • | Deferred Stock Unit Conversion ratio: 35 DSU’s per 100 options |
