Additional Compensation Information for Executive Officers and Directors (2006–2008)

Summary

This document outlines the compensation structure for the company's executive officers and directors. It details short-term and long-term incentive programs for 2006–2008, including performance-based awards and annual base salaries for named executives effective January 1, 2008. The document also references where to find more information about director compensation policies. The agreement primarily serves to disclose compensation arrangements and does not impose ongoing obligations or conditions beyond those described.

EX-10.25 4 ex10-25.htm EXHIBIT 10.25 ex10-25.htm

Exhibit 10.25

ADDITIONAL COMPENSATION INFORMATION

Short-Term Incentives

Information regarding short-term incentives paid for 2006 and a description of short-term incentive opportunities for 2007 is included under Item 5.02 of the Company’s Form 8-K filed February 20, 2007, and incorporated by reference herein.

Information regarding short-term incentives paid for 2007 and a description of short-term incentive opportunities for 2008 is included under Item 5.02 of the Company’s Form 8-K filed February 25, 2008, and incorporated by reference herein.

Long-term Incentives

In February 2006, the Company granted Performance Restricted Right Stock Units as long-term incentives. The forms of such awards are listed as exhibits to this Form 10-K

In February 2007, each named executive officer employed at that time was granted awards under the Company’s long-term incentive program for the January 1, 2007 through December 31, 2009 performance period. The program is described in Item 5.02 of the Company’s Form 8-K filed on February 20, 2007, and the forms of awards are listed as exhibits to this Form 10-K.

In February 2008, each named executive officer employed at that time was granted awards under the Company’s long-term incentive program for the January 1, 2008 through December 31, 2010 performance period. The program is described in Item 5.02 of the Company’s Form 8-K filed on February 25, 2008, and the forms of awards are listed as exhibits to this Form 10-K.

Base Salaries

The following annual base salaries for the Company’s named executive officers were established effective January 1, 2008:

Executive Officer	Annual Base Salary
M. Christine Jacobs	$535,000
Francis J. Tarallo	$295,000
Bruce W. Smith	$281,000
Patrick J. Ferguson	$252,000
Michael F. Lang	$205,000
R. Michael O’Bannon	$203,000

Director Compensation

A description of director compensation policies and procedures is included under the heading "Director Compensation for Fiscal Year-End December 31, 2006" in the Company’s proxy statement filed on March 30, 2007, and incorporated by reference herein.