Exhibit 10.8


Summary of
Non-Employee Director and Named Executive Officer Compensation Arrangements


Director Compensation


The
following table sets forth current rates of cash compensation for non-employee
directors:




	
  Annual Retainer:

  	
   

  	
   

  	
   

  
	
  Chairman

  	
   

  	
  $

  	
  75,000

  	
   

  
	
  Non-employee directors other than Chairman

  	
   

  	
  $

  	
  24,000

  	
   

  
	
  Committee Chair
  Annual Retainer:

  	
   

  	
   

  	
   

  
	
  Audit Committee

  	
   

  	
  $

  	
  12,000

  	
   

  
	
  Compensation Committee

  	
   

  	
  $

  	
  6,000

  	
   

  
	
  Nominating and Governance Committee

  	
   

  	
  $

  	
  6,000

  	
   

  
	
  Board Meeting Attendance Fees

  	
   

  	
  $

  	
  1,500

  	
   

  
	
  Committee Meeting
  Attendance Fees

  	
   

  	
  $

  	
  1,500

  	
   

  






 


In addition to cash compensation, under the terms of
our Stock Appreciation Rights Plan non-employee directors receive an annual
award of 2,700 stock appreciation rights. Non-employee directors received an
award of 5,000 stock appreciation rights when the Stock Appreciation Rights
Plan was approved at the 2004 Annual Meeting of Shareholders and each new
director will receive an award of 5,000 stock appreciation rights upon initial
election by the shareholders. The price and terms of stock appreciation rights
are established by our Board of Directors’ Compensation Committee. Stock
appreciation rights are historically granted at the reported market value of a
Cascade share at the grant date, become exercisable on an annual basis ratably
over four years, and have a 10-year term.


Non-employee directors are
also reimbursed for travel and other expenses attendant to membership on the
Cascade board.


Executive Compensation


Base Salary.   All of Cascade’s named executive
officers are at-will employees whose compensation and employment status may be
changed at any time by the Board of Directors. Base salary increases are
determined annually by the Board of Directors and become effective on February 1
of each year. The following table sets forth the current base salaries of
Cascade’s executive officers and their titles as of the date of filing of
Cascade’s Form 10-K for the fiscal year ended January 31, 2007:




	
  Named Executive Officer

  	
   

  	
   

  	
   

  	
  Fiscal 2008

  Base Salary

  	
   

  
	
  Robert C.
  Warren, Jr., President and Chief
  Executive Officer

  	
   

  	
   

  	
  $

  	
  500,000

  	
   

  	
   

  
	
  Terry H. Cathey, Senior Vice President and Chief Operating Officer

  	
   

  	
   

  	
  290,000

  	
   

  	
   

  
	
  Richard S.
  Anderson, Senior Vice President and Chief Financial
  Officer

  	
   

  	
   

  	
  290,000

  	
   

  	
   

  
	
  Gregory S.
  Anderson, Senior Vice President-Human Resources

  	
   

  	
   

  	
  200,000

  	
   

  	
   

  
	
  Joseph G. Pointer, Vice President-Finance

  	
   

  	
   

  	
  200,000

  	
   

  	
   

  






 













Annual Incentive.   The named executive officers are
also eligible to receive an incentive payment following the end of each fiscal
year under an executive incentive plan approved by Cascade’s Board of
Directors. Fiscal 2007 incentives approved for the executive officers are shown
in the following table:




	
  Named Executive Officer

  	
   

  	
   

  	
   

  	
  Fiscal 2007

  Incentive

  	
   

  
	
  Robert C.
  Warren, Jr., President and Chief
  Executive Officer

  	
   

  	
   

  	
  $

  	
  579,600

  	
   

  	
   

  
	
  Terry H. Cathey, Senior Vice President and Chief Operating Officer

  	
   

  	
   

  	
  324,000

  	
   

  	
   

  
	
  Richard S.
  Anderson, Senior Vice President and Chief Financial
  Officer

  	
   

  	
   

  	
  324,000

  	
   

  	
   

  
	
  Gregory S.
  Anderson, Senior Vice President-Human Resources

  	
   

  	
   

  	
  198,000

  	
   

  	
   

  
	
  Joseph G. Pointer, Vice President-Finance

  	
   

  	
   

  	
  198,000

  	
   

  	
   

  






 


Annual executive incentive payments are structured to
encourage the building of shareholder value by maximizing Cascade’s pre-tax
income. The incentive payments of the
executives named above were made under an executive incentive plan for the
fiscal year ended January 31, 2007, under which the executives were
eligible to receive a specified percentage (depending on position) of pre-tax
income before non-recurring items, incentive payments and certain other
expenses (“IBT”) if IBT exceeded $36 million. The percentage of IBT each
executive was entitled to receive increased if IBT exceeded $45 million, and
increased again if IBT exceeded $65 million. Annual incentive payments are
limited to a maximum award amount for each executive,  IBT for fiscal 2007 was $69.3 million,
resulting in incentive payments to all eligible executive officers of 100% of
the maximum amount participants could have received, with the exception of Mr. Warren,
who suggested to the Compensation Committee and the Board of Directors that his
incentive payment be adjusted downward by 10% due to results from Cascade’s
European operations that were below expectations.


Long-term
Incentive.   The
third component of executive compensation for Cascade’s executive officers is
long-term incentive awards. Long-term incentive awards granted in fiscal 2007
consisted of awards of stock appreciation rights under our Stock Appreciation
Rights Plan. The stock appreciation rights were granted with an exercise price
equal to the fair market value of Cascade’s common stock on the date of the
award, have a term of 10 years and become exercisable ratably over four
years.


The number of stock appreciation rights awarded to named executive
officers in fiscal 2007 are shown in the following table:




	
  Named Executive Officer

  	
   

  	
   

  	
   

  	
  Stock

  Appreciation

  Rights

  Awarded in 

  Fiscal 2007

  	
   

  
	
  Robert C.
  Warren, Jr., President and Chief
  Executive Officer

  	
   

  	
   

  	
  3,500

  	
   

  	
   

  
	
  Terry H. Cathey, Senior Vice President and Chief Operating Officer

  	
   

  	
   

  	
  25,000

  	
   

  	
   

  
	
  Richard S.
  Anderson, Senior Vice President and Chief Financial
  Officer

  	
   

  	
   

  	
  25,000

  	
   

  	
   

  
	
  Gregory S.
  Anderson, Senior Vice President-Human Resources

  	
   

  	
   

  	
  25,000

  	
   

  	
   

  
	
  Joseph G. Pointer, Vice President-Finance

  	
   

  	
   

  	
  17,500

  	
   

  	
   

  






 


Benefit
Plans and Other Arrangements.   Executive officers are also
eligible to participate in Cascade’s broad-based benefit programs generally
available to all salaried employees, including health, disability, life
insurance and defined contribution retirement plan. The executives also receive
certain perquisites offered by Cascade including the use of company automobiles
and tax reimbursements related thereto.


Messrs. Warren, Cathey, and R.S. Anderson are
each a party to a Severance Agreement with Cascade, which are Exhibits 10.3,
10.2, and 10.1, respectively, to Cascade’s Form 10-K for fiscal
2007.



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