Exhibit 10

 

AMERICAN TOWER CORPORATION

 

2005 BASE SALARY AND CASH BONUS INCENTIVES

WITH NAMED EXECUTIVE OFFICERS

 

As set forth in the American Tower Corporation (the “Company”) Proxy Statement
for the Company’s 2005 Annual Meeting of Stockholders, the Company has entered
into letter agreements with its Named Executive Officers relating to their
employment with the Company. The Company entered into these agreements in August
2001 (for Mr. Taiclet), November 2003 (for Messrs. Hess, Moskowitz and Singer)
and February 2004 (for Mr. Gearon), and has included these agreements as
exhibits to its Annual Report on Form 10-K for the year ended December 31, 2004.
For 2005, the Compensation Committee of the Company’s Board of Directors
approved an increase in base salary and an increase in target bonus potential
above the amounts originally set forth in these letter agreements. The following
table sets forth the annual base salary and cash bonus incentives for 2005,
based on the achievement of various performance goals, for each of the Company’s
Named Executive Officers, as of March 31, 2005:

 

Name

--------------------------------------------------------------------------------

   Base
Salary

--------------------------------------------------------------------------------

   Target Bonus Potential
(percent of Base Salary)

--------------------------------------------------------------------------------

 

James D. Taiclet, Jr.

   $ 726,000    50 %

Chairman of the Board, President and Chief Executive Officer

             

Bradley E. Singer

     520,000    50 %

Chief Financial Officer and Treasurer

             

J. Michael Gearon, Jr.

     429,000    50 %

President, American Tower International and

             

Vice Chairman, American Tower Corporation

             

Steven J. Moskowitz

     429,000    50 %

Executive Vice President and President, U.S. Tower Division

             

William H. Hess

     312,000    50 %

Executive Vice President, General Counsel and Secretary

             

 

In addition, the foregoing persons are eligible to receive equity awards under
the Company’s Amended and Restated 1997 Stock Option Plan as determined by the
Compensation Committee.

 

Additional information about compensation for the Company’s Named Executive
Officers, including 2004 cash bonus awards and equity awards, is set forth in
the Proxy Statement for the Company’s 2005 Annual Meeting of Stockholders, which
was filed with the SEC on April 27, 2005.