EX-10.(Q) 11 w47335exv10wxqy.txt COMPENSATORY ARRANGEMENTS WITH CERTAIN EXECUTIVE OFFICERS EXHIBIT 10(Q) COMPENSATORY ARRANGEMENTS WITH CERTAIN EXECUTIVE OFFICERS Set forth below are the base salaries of the individuals who will be identified as named executive officers(1) of the Company in the Company's 2008 proxy statement. The salary increases for Messrs. Parrini, Jacunski, Norton and Rapp were effective February 1, 2008. Mr. Glatfelter's salary increase was effective March 5, 2008.
NAME AND TITLE SALARY -------------- ------ George H. Glatfelter II $660,800 Chairman and Chief Executive Officer John P. Jacunski $333,426 Senior Vice President and Chief Financial Officer Dante C. Parrini $505,025 Executive Vice President and Chief Operating Officer Jeffrey J. Norton $248,250 Vice President, General Counsel and Secretary Martin Rapp $328,666 Vice President and General Manager, Composite Fibers Business Unit
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.