Exhibit 10.14

 

BASE SALARY AND TARGET BONUS

FOR THE NAMED EXECUTIVE OFFICERS

 

The following table sets forth the current annual base salaries and target
bonuses of the Chief Executive Officer and the other named executive officers of
Zale Corporation (the “Company”).

 

Name

 

Base Salary

 

Target Bonus %

 

Theo Killion
Chief Executive Officer

 

$

975,000

 

100

%

Thomas A. Haubenstricker
Senior Vice President and Chief Financial Officer

 

$

435,000

 

45

%

Matthew W. Appel
Chief Administrative Officer

 

$

600,000

 

75

%

Gilbert P. Hollander
Executive Vice President and Chief Merchant and Sourcing Officer

 

$

580,000

 

75

%

Richard A. Lennox
Executive Vice President and Chief Marketing Officer

 

$

455,000

 

75

%

 

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