- 15 -
FY-91
James McGivern Reg. Sales Manager 40,000 122,100 262,100
Wayne Heus Sales Manager 40,000 212,400 252,400
(Indianapolis)
William Shaw V.P. Sales & 85,000 155,000 240,000
Marketing
Robert Van Sr. Account Exec. 50,000 176,200 226,200
Buskirk (Dallas)
Larry V.P. Merchandise 150,000 70,000 220,000
Mr. Shaw's employment agreement with BI provided for a bonus
composed of five elements, including sales, contributions to
profits, and performance based on both sales and contributions to
profits. For BI's fiscal years 1990 and 1991, Mr. Shaw's stated
sales plan (the amount required before a bonus applied) was
increased over the prior year and the fixed bonus for achieving
the stated sales plan was decreased from the prior year. For
1990 and 1991 the stated contributions to the profits plan amount
before application of a bonus were increased over the prior
years, and the fixed bonus for achieving the stated contributions
to profits plan was decreased in amount. The performance bonus
was also changed to include 11 levels in BI's fiscal year 1990
and 10 levels in BI's fiscal year 1991, as opposed to 6 levels in
1989, and had a cap placed on it for BI's fiscal years 1990 and
1991, less than the cap in 1989. Each of the other five top paid
Page: Previous 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 NextLast modified: May 25, 2011