Executive Officer Compensation Summary for Evolve Transition Infrastructure LP (2022)
This document outlines the base salaries for the executive officers of Evolve Transition Infrastructure GP LLC, the general partner of Evolve Transition Infrastructure LP, effective January 1, 2022. The officers are employees of SNMP Services Inc. and provide services to the Partnership, with specified salary allocations. The agreement also describes standard employee benefits, such as a 401(k) plan, insurance, and parking, and notes that bonuses or equity compensation may be awarded at the discretion of management or the board.
Exhibit 10.28
Executive Officer Compensation
Base Salary
The following table sets forth the base salary for each named executive officer of Evolve Transition Infrastructure GP LLC, the general partner of Evolve Transition Infrastructure LP (the “Partnership”). Each person is an employee of SNMP Services Inc. (“Services”) and provides services to the Partnership, with the amounts listed being the portion of the salary allocated to the Partnership, effective as of January 1, 2022.
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Evolve Transition Infrastructure LP, Officer | Base Salary |
Randall L. Gibbs Chief Executive Officer | $600,000 |
Michael A. Keuss President & Chief Operating Officer | $600,000 |
Jonathan C. M. Hartigan President & Chief Investment Officer | $375,000 |
Charles C. Ward Chief Financial Officer & Secretary | $375,000 |
Other Benefits
Services does not maintain a defined benefit pension plan for its employees because it believes that such plans primarily reward longevity rather than performance. Services provides a basic benefits package generally to all employees, which includes a 401(k) plan, parking costs, and health, disability and life insurance. In its discretion, Services and/or the board of directors of the Partnership’s general partner may award the named executive officers cash bonuses and/or equity compensation.
