Compensation Arrangement for Chief Accounting Officer Lisa Curtis

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement outlines the compensation terms for Lisa Curtis, serving as Chief Accounting Officer. She will receive a base salary of $200,000 and is eligible to participate in the company's Annual Incentive Plan for the 2008 fiscal year. Under this plan, she may earn bonus payments based on performance, with incentives ranging from 15% to 60% of her base salary, depending on the achievement of specific goals related to safety, corporate EBITDA, return on capital, and individual performance.

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EX-10.51 19 h66065exv10w51.htm EX-10.51 exv10w51
Exhibit 10.51
Schedule of Compensation Arrangements for Lisa Curtis
Title — Chief Accounting Officer
Base Salary — $200,000
Annual Incentive Plan Participation for Lisa Curtis. For the fiscal year ending December 31, 2008 (the “2008 Fiscal Year”), Ms. Curtis will participate in the Company’s Annual Incentive Plan (the “Incentive Plan”). The Incentive Plan will make Ms. Curtis eligible for bonus payments based upon achieving target performance levels. The payout multiples and target mix and weighting of the performance goals under the Incentive Plan for Ms. Curtis as Chief Accounting Officer for the 2008 Fiscal Year will be as follows:
         
Payout Multiples
        
 
        
Threshold Incentive Compensation (% of base salary)
     15 %
Target Incentive Compensation (% of base salary)
     30 %
Maximum Incentive Compensation (% of base salary)
     60 %
 
        
Performance Measures
        
 
        
Safety
     20 %
Corporate EBITDA
     35 %
Return on Capital
     25 %
Individual
     20 %