EXHIBIT 10.1

NEW BASE SALARIES AND LONG-TERM INCENTIVE

AWARDS FOR CERTAIN EXECUTIVE OFFICERS

 

 

 

 

 

 

 

 

 

Long-Term
Incentive Award2

 

Executive Officer

 

 

 

Current
Base Salary

 

New Base
Salary1

 

Percentage
Increase
from Current
Salary

 

Number of
Shares

 

Value3

 

 

 

 

 

 

 

 

 

 

 

 

 

Michael G. Long

 

$

212,000

 

$

227,000

 

7.08

%

30,000

 

$

581,700

 

Executive Vice President

 

 

 

 

 

 

 

 

 

 

 

& CFO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

John O. Tugwell

 

$

220,000

 

$

235,000

 

6.82

%

30,000

 

$

581,700

 

Executive Vice President

 

 

 

 

 

 

 

 

 

 

 

& COO

 

 

 

 

 

 

 

 

 

 

 

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1                      These base salaries are effective October 1, 2006.

2                      These are grants of restricted stock that will vest over
a four-year period, as follows:  6,000 shares on October 1, 2008, 12,000 shares
on October 1, 2009 and 12,000 shares on October 1, 2010.

3                      The value of the restricted stock was as of the date of
the award by the Compensation Committee, August 25, 2006.

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