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Legalese | ||
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8th grade Avg
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New words:
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Removed:
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EXHIBIT 10(p)
COMPENSATORY ARRANGEMENTS WITH CERTAIN EXECUTIVE OFFICERS
Salaries as of February 1, 2011
NAME AND TITLE | SALARY | |||
Dante C. Parrini | $ | 630,000 | ||
President and Chief Executive Officer | ||||
John P. Jacunski | $ | 399,237 | ||
Senior Vice President and Chief Financial Officer | ||||
Debarata Mukherjee | $ | 329,400 | ||
Vice President and General Manager, Specialty Papers Business Unit | ||||
Martin Rapp(1) | $ | 374,764 | ||
Vice President and General Manager, Composite Fibers Business Unit |
(1) | Mr. Rapp’s annual salary is 279,967 euros. The amount set forth above is based on the currency exchange rate at December 31, 2010. |
The annual base salaries are subject to adjustment pursuant to the Company’s employee compensation policies in effect from time to time. Each of the above executive officers has a change in control employment agreement, which is included as exhibits to this Form 10-K. Also, each executive officer participates in the Company’s 2005 Long-Term Incentive Plan and in its Management Incentive Plan, each of which are incorporated by reference as exhibits to this Form 10-K.