EXHIBIT 10.91

 

NAMED EXECUTIVE OFFICER COMPENSATION

 

The following table sets forth the annual base salaries that the Named Executive
Officers(1) of Franklin Resources, Inc. (the “Company”) are scheduled to receive
effective January 1, 2006, as approved by the Compensation Committee of the
Board of Directors of the Company.

 

Name and Current Position

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   Base Salary ($)

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Gregory E. Johnson

President and Chief Executive Officer

   $ 780,132

Anne M. Tatlock

Vice Chairman, Member-Office of the Chairman

   $ 590,000

Vijay C. Advani

Executive Vice President – Advisor Services

   $ 525,000

William Y. Yun

Executive Vice President – Institutional

   $ 525,000

Murray L. Simpson

Executive Vice President

   $ 502,500

 

The Named Executive Officers are also eligible to:

 

Annual and Equity Incentive Plans.

 

(a) Receive an annual cash incentive award pursuant to either the 2004 Key
Executive Incentive Compensation Plan or the Company’s Amended and Restated
Annual Incentive Compensation Plan.

 

(b) Participate in the Company’s equity incentive program, which currently
involves the award of restricted stock awards (including those awards based on
performance), restricted stock units (including those units based on
performance) and stock options pursuant to the Company’s 2002 Universal Stock
Incentive Plan, as amended and restated.

 

Benefit Plans and Other Arrangements.

 

(a) Participate in the Company’s broad-based benefit programs generally
available to its salaried employees, including health, disability and life
insurance programs, a qualified 401(k) plan and profit sharing plan. In addition
Ms. Tatlock and Mr. Yun have severance arrangements under their employment
agreements.

 

(b) Receive certain perquisites offered by the Company, including financial
counseling and tax preparation, club memberships, use of Company owned
condominiums and, in certain cases, use of the Company’s aircraft for personal
use.

 

Ms. Tatlock and Mr. Yun have employment agreements with the Company and
Fiduciary Trust Company International, a subsidiary of the Company.

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(1) The Named Executive Officers include the Company’s Chief Executive Officer
and each of the four highest compensated executive officers of the Company for
fiscal year ended September 30, 2005.