EX-10 7 ex10_30.htm 10.30 10K Exhibit 10.30

Exhibit 10.30



Summary of Director and Executive Officer Compensation Arrangements


In addition to the compensation arrangements filed as other exhibits to this annual report, Alliance One International, Inc. (the “Company”) has the following compensation arrangements with its directors and named executive officers.


Compensation Arrangements for Directors


Directors who are employees of the Company or its subsidiaries or who serve as paid consultants to the Company are not compensated for their services as director.   Non-employee directors receive an annual cash retainer paid in quarterly installments.  As of June 1, 2011, such retainer payments were based on the following schedule:


Type of Service

Annual Retainer

Board Member

  $50,000

Audit Committee Chair

+ $10,000

Executive Compensation Committee Chair

+ $  7,500

Executive Committee Chair

+ $  5,000

Governance & Nominating Committee Chair

+ $  5,000

Audit Committee Member

+ $12,000

Executive Compensation Committee Member

+ $12,000

Executive Committee Member

+ $  3,000

Governance & Nominating Committee Member

+ $  7,500

Lead Independent Director

+ $10,000


Compensation Arrangements for Named Executive Officers


The board of directors sets the annual base salary for each of the Company’s chief executive officer, chief financial officer and its three other most highly compensated executive officers, based on fiscal 2011 total compensation (such five officers, the “named executive officers”), subject to minimum annual salary rates of Henry C. Babb, Jr. as set forth in his employment agreement.  As of June 1, 2011, the annual base salary rates for the named executive officers were as follows:


Named Executive Officer

Base Salary

Mark W. Kehaya (1)

$520,500

Robert A. Sheets

375,000

J. Pieter Sikkel

375,000

Henry C. Babb, Jr.

314,000

J. Henry Denny

310,000


(1) Mr. Kehaya was named Chairman and Interim Chief Executive Officer effective December 14, 2010.  In connection with Mr. Kehaya’s service as Interim Chief Executive Officer, the Company has entered into a consulting agreement with Meriturn Partners, LLC and Mr. Kehaya as a consultant and interim Chief Executive Officer.  Mr. Kehaya is a partner with Meriturn.  Per the consulting agreement, the Company has agreed to pay Meriturn $45,375 per month for Mr. Kehaya’s services.