Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - HORTON D R INC /DE/ | d70218e8vk.htm |
| EX-10.2 - EX-10.2 - HORTON D R INC /DE/ | d70218exv10w2.htm |
Exhibit 10.1
Summary of Executive Compensation Notification
Other Executive Officers
Other Executive Officers
2010 Fiscal Year Compensation of Certain Other Named Executive Officers.
The Board of Directors also established and approved the 2010 fiscal year annual base salaries
of our other named executive officers. The salaries and other compensation approved are as set
forth below in Table II.
Table II
| Discretionary | ||||||||||
| Annual Base Salary | Bonus Plan | |||||||||
| Name | Office | (2010 Fiscal Year) | (2010 Fiscal Year) | |||||||
Bill W. Wheat |
Executive Vice President and CFO | $ | 250,000 | See Note II | ||||||
Stacey H. Dwyer |
Executive Vice President and Treasurer | $ | 250,000 | See Note II | ||||||
Note II:
The Board of Directors may award discretionary bonuses to the executives listed in Table II
above based on the performance of these executives. In addition, Mr. Wheat and Ms. Dwyer may
participate in two separate deferred compensation plans. The first plan allows the executive to
make voluntary income deferrals. The second plan is a promise by the Company to pay retirement
benefits to the executive. Furthermore, if the executive is employed by the Company on the last
day of the current fiscal year (for example September 30, 2010), then the Company will establish a
liability to him or her equal to 10% of his or her annual base salary as of first day of the
current fiscal year (for example October 1, 2009). This liability will accrue earnings in future
years at a rate established by the administrative committee.