Exhibit 10.25 ADDITIONAL COMPENSATION INFORMATION
Contract Categories:
Human Resources
- Compensation Agreements
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.
