2006 Executive Officer Salary Summary for Reinsurance Group of America, Incorporated

Summary

This document outlines the 2006 base salaries for the named executive officers of Reinsurance Group of America, Incorporated. It lists the annual base pay for each executive and explains that certain officers may defer a portion of their salary and incentive compensation under the company's Executive Deferred Savings Plan, with deferred amounts paid out after retirement or other qualifying events. The Compensation Committee reviews and may adjust salaries annually based on performance and market data. Notably, non-U.S. citizens are not eligible for the deferral plan.

EX-10.1 2 ex10p1.txt EXHIBIT 10.1 SUMMARY OF THE SALARIES FOR THE 2006 NAMED EXECUTIVE OFFICERS OF REINSURANCE GROUP OF AMERICA, INCORPORATED NAME AND TITLE OF EXECUTIVE OFFICER 2006 BASE SALARY(1)(2) - ----------------------------------- ---------------------- A. Greig Woodring $700,000 President and Chief Executive Officer David B. Atkinson 420,000 Executive Vice President and Chief Operating Officer Jack B. Lay 395,000 Executive Vice President and Chief Financial Officer Paul A. Shuster 395,000 Executive Vice President, U.S. Operations Graham Watson 450,000 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.