Contract
EXHIBIT 10.5
Employment Agreements have been executed by the Company and the indicated employees, substantially identical in all material respects to the form of employment agreement filed as Exhibit 10.5 to the Company's 2001 Annual Report on Form 10-K except as noted below. Each Employment Agreement was executed by Xx. Xxxxxxxxxx for the Company, except the agreement with Xx. Xxxxxxxxxx, which was executed by Xx. Xxxx Xxxxxx for the Company.
EMPLOYEE |
BASE |
DATE OF AGREEMENT |
TERMINATION DATE OF AGREEMENT |
|
|
|
|
Xxxxxx X. Xxxxxxx |
$ |
200,000 |
January 1, 2002 |
June 30, 2003 |
Xxxxx Xxxxxxx-Xxxxxxxx |
$ |
250,000 |
November 25, 2002 |
May 31, 2004 |
Xxxxxxx X. Xxxxxxx Vice President - Controller and Chief Accounting Officer |
$
|
160,000 |
March 1, 2001
|
February 28, 2002 |
Xxxx X. Xxxxxxx |
$ |
270,000 |
December 1, 2004 |
May 31, 2006 |
X. Xxxxx Xxxxxxxx Vice President and Managing Director, Performance Minerals |
$ |
200,000 |
January 1, 2002 |
June 30, 2003 |
Xxxxxxx Xxxxxxxx Vice President - Taxes |
$
|
200,000 |
March 1, 2001 |
February 28, 2002 |
Xxxxxxx Xxxxxxxxx |
$ |
240,000 |
January 1, 2002 |
June 30, 2003 |
Xxxx X. Xxxxxxxxxx Chairman, President and Chief Executive Officer |
$ |
550,000 |
January 1, 2002 |
December 31, 2003 |
Xxxx X. Xxxxx |
$ |
265,000 |
January 1, 2002 (amended on |
June 30, 2003 |