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Exhibit 10.3
QUICKSILVER RESOURCES INC.
Description of 2007 Cash Bonus
Description of 2007 Cash Bonus
On March 19, 2007, the Compensation Committee of Quicksilver Resources Inc. approved payment of a one-time cash bonus, as part of fiscal 2007 compensation, to certain employees, including Quicksilver’s principal executive officer, principal financial officer and each other individual who is listed as a named executive officer in Quicksilver’s proxy statement for its 2006 annual meeting. The amount of the cash bonus for each of these individuals is set forth below opposite the individual’s name.
Amount of | ||||
Name | Position | Bonus | ||
Thomas F. Darden | Chairman of the Board | $110,000 | ||
Glenn Darden | President and Chief Executive Officer | $110,000 | ||
Jeff Cook | Executive Vice President — Operations | $ 50,000 | ||
Philip W. Cook | Senior Vice President — Chief Financial Officer | $ 70,000 | ||
John C. Cirone | Senior Vice President, General Counsel and Secretary | $ 50,000 | ||
William S. Buckler | Vice President — U.S. Operations | $ 50,000 |