Summary of 2005 Base Salaries for Executive Officers of Reinsurance Group of America, Incorporated

Contract Categories: Human Resources › Compensation Agreements
Summary

This document lists the 2005 base salaries for the named executive officers of Reinsurance Group of America, Incorporated. It also explains that executive officers may defer a portion of their salary and incentive compensation under the company's Executive Deferred Savings Plan, with deferred amounts paid out upon retirement or other qualifying events. The Compensation Committee reviews and may adjust salaries annually based on performance and market data. One executive, Graham Watson, is not eligible for the deferral plan due to his non-U.S. citizenship.

Read More Arrow
EX-10.1 2 c92922exv10w1.txt SUMMARY OF SALARIES FOR EXECUTIVE OFFICERS OF THE COMPANY EXHIBIT 10.1 SUMMARY OF THE SALARIES FOR THE NAMED EXECUTIVE OFFICERS OF REINSURANCE GROUP OF AMERICA, INCORPORATED
NAME AND TITLE OF EXECUTIVE OFFICER 2005 BASE SALARY(1)(2) - ----------------------------------------------------------- ---------------------- A. Greig Woodring $657,000 President and Chief Executive Officer David B. Atkinson 412,000 Executive Vice President and Chief Operating Officer Jack B. Lay 345,000 Executive Vice President and Chief Financial Officer Paul A. Shuster 345,000 Executive Vice President, U.S. Operations Graham Watson 410,000 Executive Vice President, International
- --------------------------------------- (1) Under the RGA Reinsurance Company Executive Deferred Savings Plan (the "Plan"), executive officers of the Company participating in the Plan may defer up to 50% of his or her annual base salary and up to 100% of any incentive compensation awarded to such participant under an incentive compensation plan maintained by the Company. The amount of compensation to be deferred by each participant will be determined in accordance with the Plan based on elections made by the participant. The amount of compensation deferred under the Plan will be paid by one to fifteen installments upon the participant's retirement, termination, death, disability or other dates determined in accordance with the Plan. Mr. Watson, as a non-U.S. citizen, is not eligible to participate in the Plan. (2) In February or March of each year, the Compensation Committee meets to determine whether, based on market data, the performance of each executive officer and the performance of the Company during the preceding fiscal year, base salaries for the named executive officers should be increased. Additionally, base salaries for the named executive officers will generally increase concurrent with an officer's promotion or an increase in an officer's responsibilities, as may be determined by the Compensation Committee from time to time.