Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - FRONTIER OIL CORP /NEW/ | form10k.htm |
| EX-23 - EXHIBIT 23 - FRONTIER OIL CORP /NEW/ | ex23.htm |
| EX-10.12 - EXHIBIT 10.12 - FRONTIER OIL CORP /NEW/ | ex10-12.htm |
| EX-21 - EXHIBIT 21 - FRONTIER OIL CORP /NEW/ | ex21.htm |
| EX-10.11 - EXHIBIT 10.11 - FRONTIER OIL CORP /NEW/ | ex10-11.htm |
| EX-10.14 - EXHIBIT 10.14 - FRONTIER OIL CORP /NEW/ | ex10-14.htm |
| EX-3.1 - EXHIBIT 3.1 - FRONTIER OIL CORP /NEW/ | ex3-1.htm |
| EX-32.2 - EXHIBIT 32.2 - FRONTIER OIL CORP /NEW/ | ex32-2.htm |
| EX-31.1 - EXHIBIT 31.1 - FRONTIER OIL CORP /NEW/ | ex31-1.htm |
| EX-32.1 - EXHIBIT 32.1 - FRONTIER OIL CORP /NEW/ | ex32-1.htm |
| EX-31.2 - EXHIBIT 31.2 - FRONTIER OIL CORP /NEW/ | ex31-2.htm |
| EX-18 - EXHIBIT 18 - FRONTIER OIL CORP /NEW/ | ex18.htm |
| EX-10.61 - EXHIBIT 10.61 - FRONTIER OIL CORP /NEW/ | ex10-61.htm |
Exhibit 10.62
Summary of Compensation for
Executive Officers
The executive officers of Frontier Oil
Corporation (“Frontier”) are “at will” employees, and none of them has an
employment agreement. The unwritten arrangements under which
Frontier’s executive officers are compensated include:
|
·
|
a
salary, reviewed annually by the Compensation Committee of the Board of
Directors of Frontier;
|
|
·
|
eligibility
for an annual cash bonus, as determined by the Compensation
Committee;
|
|
·
|
eligibility
for awards under Frontier’s Omnibus Incentive Compensation Plan, as
determined by the Compensation
Committee;
|
|
·
|
health,
life, disability, death and other insurance and/or
benefits;
|
|
·
|
defined
contribution pension and savings plan;
and
|
|
·
|
vacation,
paid sick leave and all other employee
benefits.
|
In
addition, each of the executive officers of Frontier have entered into an
Executive Change in Control Severance Agreement and an Executive Severance
Agreement.
The table below sets forth the base
salaries, effective as of January 1, 2010, for the executive officers of
Frontier who held office as of January 1, 2010, as well as, their incentive
target for 2010 (as a percentage of base salary).
|
Executive
Officer
|
2010
Annual Base Salary
|
Incentive
Target for 2010
(Percentage
for Base Salary)
|
|
James
R. Gibbs
Chairman
of the Board
|
$975,000
|
100%
|
|
Michael
C. Jennings
Chief
Executive Officer and President
|
$775,000
|
100%
|
|
Douglas
S. Aron
Executive
Vice President-Chief Financial Officer
|
$380,000
|
60%
|
|
Jon
D. Galvin
Vice
President
|
$305,000
|
50%
|
|
Nancy
J. Zupan
Vice
President-Chief Accounting Officer
|
$325,000
|
50%
|
|
J.
Currie Bechtol
Vice
President-General Counsel & Secretary
|
$342,000
|
50%
|