Summary of 2008 Named Executive Officer Compensation for Tenneco Inc.

Summary

This document outlines the 2008 annual salaries and target bonuses for Tenneco Inc.'s Chief Executive Officer, Chief Financial Officer, and the next three highest-paid executives. It specifies each executive's base salary and their target bonus under the company's Value Added Incentive Plan for 2008. The summary provides transparency regarding executive compensation but does not include additional terms or conditions beyond the compensation figures.

EX-10.38 7 c23259exv10w38.txt SUMMARY OF 2008 NAMED EXECUTIVE OFFICER COMPENSATION Exhibit 10.38 Summary of 2008 Named Executive Officer Compensation ---------------------------------------------------- The table below shows the current annual salary and 2008 target bonus under the Tenneco Inc. Value Added ("TAVA") Incentive Plan for the Company's Chief Executive Officer, the Company's Chief Financial Officer and each of the next three most highly compensated officers of the Company other than the Chief Executive Officer or Chief Financial Officer (based on compensation received during 2007).
Name Current Salary 2007 Target Bonus ---- -------------- ----------------- Gregg Sherrill $950,000 $950,000 Hari N. Nair $625,000 $468,750 Kenneth R. Trammell $500,000 $350,000 Neal A. Yanos $388,125 $232,875 Timothy E. Jackson $393,300 $235,980