BASE SALARYAND TARGET BONUS FOR THE NAMED EXECUTIVE OFFICERS
EXHIBIT 10.16
BASE SALARY AND TARGET BONUS
FOR THE NAMED EXECUTIVE OFFICERS
The following table sets forth the current annual base salaries and target bonuses of the Chief Executive Officer and the other named executive officers of Zale Corporation (the “Company”).
| Name |
| Base Salary |
| Target Bonus % |
| |
| Theo Killion |
| $ | 800,000 |
| 100 | % |
| President and Chief Executive Officer |
|
|
|
|
| |
|
|
|
|
|
|
| |
| Matthew W. Appel |
| $ | 470,000 |
| 75 | % |
| Executive Vice President and Chief Financial Officer |
|
|
|
|
| |
|
|
|
|
|
|
| |
| Gil Hollander |
| $ | 495,000 |
| 75 | % |
| Executive Vice President, Chief Sourcing and Supply Chain Officer |
|
|
|
|
| |
|
|
|
|
|
|
| |
| Richard Lennox |
| $ | 390,000 |
| 75 | % |
| Executive Vice President and Chief Marketing Officer |
|
|
|
|
| |
For additional information regarding the compensation of the Company’s executive officers, please refer to the information under the headings “Executive Compensation” in the Company’s definitive Proxy Statement on Schedule 14A, as filed with the Securities and Exchange Commission.
