EX-10.8(G) 3 c68390_ex10-8g.htm

EXHIBIT 10.8(g)

DESCRIPTION OF 2012 SALARIES FOR
2011 NAMED EXECUTIVE OFFICERS

(Updated and restated as of February 14, 2012)

Salaries for executive officers consist of two components: cash, and salary stock units. Salary stock units are credited periodically during the year and are paid in accordance with a written program.

Annualized salary rates effective January 1, 2012 for the current executive officers of the Company who are named in the executive compensation disclosures of the Company’s 2012 proxy statement in relation to fiscal year 2011 (“2011 Named Executive Officers”) are:

 

 

 

 

 

 

 

 

Officer Name

 

Cash Salary

 

Salary Stock Units

 


 


 


 

D. Bryan Jordan

 

$

800,000

 

$

320,000

 

William C. (B.J.) Losch III

 

 

400,000

 

 

160,000

 

Michael E. Kisber

 

 

600,000

 

 

900,000

 

David T. Popwell

 

 

450,000

 

 

180,000

 

Charles T. Tuggle, Jr.

 

 

475,000

 

 

190,000

 

Salary rates generally continue in effect until they are changed.