Summary of 2005 Named Executive Officer Compensation for Tenneco Automotive

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document outlines the 2005 annual salaries and target bonuses for Tenneco Automotive's Chief Executive Officer and its four next highest-paid officers. It lists each executive's name, current salary as of July 1, 2005, and their target bonus under the company's Value Added Incentive Plan. The agreement sets out the compensation structure for these key executives for the year 2005.

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EX-10.38 2 c97294exv10w38.txt SUMMARY OF 2005 NAMED EXECUTIVE OFFICER COMPENSATION Exhibit 10.38 Summary of 2005 Named Executive Officer Compensation The table below shows the current annual salary and 2005 target bonus under the Tenneco Automotive Value Added Incentive Plan for the Company's Chief Executive Officer and each of the next four most highly compensated officers of the Company other than the Chief Executive Officer (based on salary and bonus received during 2004). The current salary for each of the individuals named below was effective as of July 1, 2005.
- -------------------------------------------------------------------------------- Name Current Salary 2005 Target Bonus - -------------------------------------------------------------------------------- Mark P. Frissora $825,586 One Times Salary - -------------------------------------------------------------------------------- Timothy R. Donovan $424,794 $273,000 - -------------------------------------------------------------------------------- Hari N. Nair $400,084 $273,000 - -------------------------------------------------------------------------------- Kenneth R. Trammell $346,722 $223,000 - -------------------------------------------------------------------------------- Richard P. Schneider $371,082 $161,000 - --------------------------------------------------------------------------------