Three Months Ended
EX-10.1 2 y76652exv10w1.htm EX-10.1 EX-10.1
Exhibit (10.1)
Compensatory Arrangement for Charles L. Teschner, Executive Vice President, Global Strategy.
1. | Base salary of $625,000 | ||
2. | Participation in The McGraw-Hill Companies Key Executive Short-Term Incentive Compensation Plan. For 2009 Plan Year, incentive opportunity of $400,000 is guaranteed, less applicable income tax deductions. Payment is subject to employment with the Corporation on the Plan payout date on or before March 15, 2010. | ||
3. | Participation in The McGraw-Hill Companies Long-Term Stock Incentive Program. For the 2009 Plan Year, a grant value of $800,000 consisting of Performance Share Units and Stock Options. For purposes of determining the number of shares of said grant, the 2008 share grant values will be employed. | ||
4. | Sign-on Bonus of Restricted Stock with an award date value of $400,000. Said shares will fully vest on the third anniversary of the award. | ||
5. | Subject to paragraphs 1 through 4 above, participation in all other benefit plans and programs routinely made available to senior executives of the Corporation. |