Attached files
file | filename |
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10-K - FORM 10-K - MONSANTO CO /NEW/ | c53507e10vk.htm |
EX-23 - EX-23 - MONSANTO CO /NEW/ | c53507exv23.htm |
EX-21 - EX-21 - MONSANTO CO /NEW/ | c53507exv21.htm |
EX-32 - EX-32 - MONSANTO CO /NEW/ | c53507exv32.htm |
EX-12 - EX-12 - MONSANTO CO /NEW/ | c53507exv12.htm |
EX-31.1 - EX-31.1 - MONSANTO CO /NEW/ | c53507exv31w1.htm |
EX-31.2 - EX-31.2 - MONSANTO CO /NEW/ | c53507exv31w2.htm |
EX-10.27 - EX-10.27 - MONSANTO CO /NEW/ | c53507exv10w27.htm |
EX-10.20.6 - EX-10.20.6 - MONSANTO CO /NEW/ | c53507exv10w20w6.htm |
EX-10.19.7 - EX-10.19.7 - MONSANTO CO /NEW/ | c53507exv10w19w7.htm |
EX-10.20.7 - EX-10.20.7 - MONSANTO CO /NEW/ | c53507exv10w20w7.htm |
EX-10.20.7.1 - EX-10.20.7.1 - MONSANTO CO /NEW/ | c53507exv10w20w7w1.htm |
EXHIBIT 10.29
Annual Cash Compensation of Named Executive Officers
The executive officers named in the compensation table in Monsantos proxy statement dated Dec. 1,
2008 (the Named Executive Officers) have their base salaries determined yearly by the People and
Compensation Committee (the Committee) of the Board of Directors. It is anticipated that such
determinations will occur annually, effective during a pay period in the following January. The
Named Executive Officers are all at will employees, and do not have written or oral employment
agreements other than change of control agreements, the form of which is filed, as required, as an
exhibit to reports filed by the Company under the Exchange Act. The Company, upon the approval of
the Committee, retains the right to unilaterally decrease or increase the Named Executive Officers
base salaries at any time.
The Named Executive Officers are eligible to participate in the Companys annual incentive
compensation plans for all regular employees, including executive officers, which provide for cash
awards. Summaries of such annual incentive compensation plans are filed as exhibits, as required,
to reports filed by the Company under the Exchange Act.
On Oct. 26, 2009, the Committee approved for the Companys Named Executive Officers the following
base salaries to become effective as of Jan. 11, 2010, and the following annual incentive awards
for the 2009 fiscal year, which will be paid on Nov. 6, 2009:
Base Salary | Base Salary | FY 2009 Annual | ||||||||||
Named Executive Officer | (as of 01/12/09) | (as of 1/11/10) | Incentive Award | |||||||||
Hugh Grant Chairman of the Board, President and Chief Executive Officer |
$ | 1,403,780 | $ | 1,403,780 | $ | 1,070,382 | ||||||
Brett D. Begemann Executive Vice President, Seeds & Traits |
$ | 540,000 | $ | 540,000 | $ | 265,000 | ||||||
Carl M. Casale Executive V.P. and Chief Financial Officer* |
$ | 550,000 | $ | 590,000 | $ | 275,000 | ||||||
Terrell K. Crews Special Assistant to the CEO** |
$ | 590,000 | N/A | ** | $ | 275,000 | ||||||
Robert T. Fraley, Ph.D. Executive V.P. and Chief Technology Officer |
$ | 600,000 | $ | 600,000 | $ | 300,000 |
* | Prior to Sept. 1, 2009, Mr. Casale held the office of Executive V.P., Strategy & Operations. Effective Sept. 1, 2009, the Board of Directors elected Mr. Casale to the office listed above. | |
** | Mr. Crews will serve as Special Assistant to the CEO through Nov. 30, 2009, and will retire from the Company effective Nov. 30, 2009. Prior to Sept. 1, 2009, Mr. Crews held the office of Executive V.P., and Chief Financial Officer and Vegetable Business CEO. |
The Company intends to provide additional information regarding other compensation awarded to the
Named Executive Officers in respect of and during the 2009 fiscal year in the proxy statement for
its 2010 annual meeting of shareowners, which proxy statement is expected to be filed with the
Securities and Exchange Commission in December 2009.