Named Executive Officer Compensation Schedule for 2005 and 2006 – Trizec
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Summary
This document outlines the 2005 and 2006 compensation details for Trizec's named executive officers, including their salaries, bonuses, and long-term incentive awards in the form of restricted stock rights (RSRs). The schedule specifies the amounts each executive will receive, the number of RSRs awarded, and the conditions for vesting, which entitle the holder to one share of Trizec common stock per vested RSR. The compensation is based on the company's stock price as of February 6, 2006.
EX-10.1 2 c02381exv10w1.htm NAMED EXECUTIVE OFFICER COMPENSATION SCHEDULE exv10w1
Exhibit 10.1
Named Executive Officer Compensation Schedule
| 2005 Long-Term | ||||||||||||||||||||
| Name & Principal Position | 2005 Salary | 2005 Bonus | Incentive Award(1) | 2006 Base Salary | ||||||||||||||||
Timothy H. Callahan | $ | 1,050,000 | $ | 1,760,000 | 58,637 RSRs | $ | 1,110,000 | |||||||||||||
Michael C. Colleran | 400,000 | 650,000 | 28,785 RSRs | 425,000 | ||||||||||||||||
William R.C. Tresham | 400,000 | 550,000 | 26,652 RSRs | 425,000 | ||||||||||||||||
Brian K. Lipson | 400,000 | 450,000 | 21,322 RSRs | 414,000 | ||||||||||||||||
Ted R. Jadwin | 290,000 | 185,000 | 9,595 RSRs | 300,000 | ||||||||||||||||
| (1) | Upon vesting of the restricted stock rights (the “RSRs”), one share of Trizec’s common stock is issuable for each RSR that vests. The RSR award granted to each executive officer represents the number of RSRs awarded based on $23.45 per share of Trizec common stock, the closing price on February 6, 2006. |
