Summary of Executive Officers Compensation
Exhibit 10.17
Summary of Executive Officers Compensation
Base Salary
The following table sets forth the base salary for each named executive officer of Sanchez Production Partners GP LLC, the general partner of Sanchez Production Partners LP (the “Partnership”). Each person is an employee of Sanchez Oil & Gas Corporation (“SOG”) 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, 2016.
| Sanchez Production Partners LP, Officer | Base Salary |
| Gerald F. Willinger Chief Executive Officer | $600,000 |
| Charles C. Ward Chief Financial Officer, Treasurer, and Secretary | $275,000 |
| Patricio D. Sanchez Chief Operating Officer | $400,000 |
| Kirsten Hink Chief Accounting Officer | $46,750 |
Other Benefits
SOG does not maintain a defined benefit pension plan for its employees because it believes that such plans primarily reward longevity rather than performance. SOG provides a basic benefits package generally to all employees, which includes a 401(k) plan and health, disability and life insurance. In its discretion, SOG and/or the board of directors of the Partnership’s general partner may award the named executive officers cash bonuses and/or equity compensation.
