Document:

Summary of Executive Officer Compensation for 2007

 Exhibit 10.37 
  
 BURLINGTON NORTHERN SANTA FE CORPORATION 
  
 EXECUTIVE OFFICER COMPENSATION FOR 2007 
  
 Annual Cash Compensation  
  
 Base Salary – Set forth below are the base salaries of the Chief Executive Officer and each of the four most highly compensated
executive officers in 2006 and their increased annual base salaries effective February 1, 2007. On an annual basis, the salaries of all named executive officers are reviewed and adjusted as appropriate. Various factors are considered, including
job responsibilities, accountability, performance and the competitive compensation market, which consists of companies from general industry (excluding the financial industry) with revenue comparable to the Company (“comparison group”).

  
 Incentive Compensation Plan (ICP)
Target – Named executive officers are eligible for annual performance-based cash awards under the Company’s ICP, as are all salaried employees. For each named executive officer, targets for total annual cash compensation (base salary
plus the annual incentives paid if the Company’s performance goals and objectives are met) are set to approximate the 50th percentile of the comparison group. For 2006, the Compensation and Development Committee of the Board of Directors (“Compensation Committee”) designated the ICP awards to be granted to named executive officers as
Performance-Based Compensation and established cash flow (from operations) as the performance measure. Under the ICP, each such performance-based award to a named executive officer is conditioned on achievement of this performance measure. The
Compensation Committee decided that if the performance measure is met, it would then consider performance against the Company’s 2007 annual corporate goals and objectives, which serve as the ICP goals for all other salaried employees, as
factors that would be considered in determining the actual ICP awards to be made to the named executive officers. The 2007 annual corporate goals and objectives are weighted at 55 percent for earnings per share (from continuing operations), 5
percent for each of 6 velocity components (locomotive, agricultural-car and merchandise-car miles per day per active road fleet; coal cycle index; and intermodal container and trailer transit days), and 15 percent for safety (5 percent for personal
injuries and 10 percent for lost and restricted time. 
  
 Long-Term
Incentives 
  
 For each named
executive officer, the total direct compensation target (total annual cash compensation plus non-cash long-term incentives paid if the Company’s performance goals and objectives are met) is set at or near the 60th percentile of the comparison group. On an annual basis, all named executive officers are awarded stock-based long-term
incentive compensation under the Company’s 1999 Stock Incentive Plan (the “Stock Plan”). In addition to serving as a key component of the named executive officers’ total direct compensation, these awards are designed to encourage
ownership in the Company and to align the interests of named executive officers with those of shareholders. To further facilitate that ownership, the Company has established stock ownership goals for each named executive officer. The equity grants
and the ownership guidelines support the Company’s compensation objectives and encourage named executive officers to focus on the types and 

 
levels of performance that lead to increased stock price and improved shareholder returns. Various factors are considered in determining the target long-term
incentive award levels for individual named executive officers, including job responsibilities, accountability, performance, comparison group data, stock price, and the value of prior years’ long-term incentive awards on the dates of grant. The
Compensation Committee decides annually the mix of long-term incentives, based on the Company’s objectives. Stock options cannot be issued with an exercise price below the fair market value of the Company common stock on the date of grant,
defined in the Stock Plan as being the mean between the high and low quoted sales prices on the date of grant, thus ensuring that recipients will benefit only when the price of the Company’s stock appreciates. Named executive officers holding
restricted stock units (RSUs), or who are awarded performance stock, do not have any rights of a shareholder, but those holding RSUs have the right to receive a cash payment equivalent to regular dividends at such times and in such amounts as they
are paid on the Company’s common stock. Dividends are paid on restricted stock, and the shares may be voted. 
  
 Matthew Rose 
 Chairman, President and Chief Executive Officer

  

				
	 	  	Base

	 2006
	  	$	1,100,000
	 2007*
	  	$	1,135,000

  
 Thomas Hund 
 Executive Vice President and Chief Financial Officer 
  

				
	 	  	Base

	 2006
	  	$	487,700
	 2007*
	  	$	504,800

  
 Carl Ice 
 Executive Vice President and Chief Operations Officer 
  

				
	 	  	Base

	 2006
	  	$	535,600
	 2007*
	  	$	554,300

  
 John Lanigan 
 Executive Vice President and Chief Marketing Officer 
  
  

				
	 	  	Base

	 2006
	  	$	515,000
	 2007*
	  	$	533,000

  
 Jeffrey Moreland 
 Executive Vice President Public Affairs 
  

				
	 	  	Base

	 2006
	  	$	468,700
	 2007*
	  	$	485,100

  

	*	Salary increases from 2006 levels are effective February 1, 2007Summary of Non-Employee Director's Compensation for 2007

 Exhibit 10.38 
  
 BURLINGTON NORTHERN SANTA FE CORPORATION 
  
 NON-EMPLOYEE DIRECTORS’ COMPENSATION FOR 2007 
  
 Directors’ Cash Compensation  
  
 Non-employee directors receive an annual retainer fee of $60,000, paid in quarterly
installments. The Lead Director is paid a supplemental annual retainer of $20,000. The Chairman of the Audit Committee is paid a supplemental annual retainer fee of $15,000, and each non-employee director who chairs any other Board committee is paid
a supplemental annual retainer fee of $10,000. In addition, for attendance at each committee meeting or any inspection trip or similar meeting, a meeting fee of $1,000 plus expenses is paid. Expenses for attendance by spouses of directors are also
paid in connection with certain meetings. 
  
 Burlington Northern Santa Fe Directors’ Retirement Plan  
  
 The Burlington Northern Santa Fe Directors’ Retirement Plan was terminated on July 17, 2003. However, individuals who were directors on that date will receive payments beginning upon their retirement equal to those benefits they
had accrued as of that date, if they have at least ten years of Board service (including service with BNSF predecessor companies) upon their retirement. 
  
 Burlington Northern Santa Fe Non-Employee Directors’ Stock Plan  
  
 Under the Burlington Northern Santa Fe Non-Employee Directors’ Stock Plan, each
non-employee director elected to the Board of Directors at the annual meeting of shareholders receives a grant of 2,100 restricted stock units. If an individual becomes a director on a date other than the date of the annual meeting, he or she will
receive a pro rata portion of this annual grant of restricted stock units for the portion of the one-year term following the date on which the individual becomes a director. Each non-employee director also receives a one-time grant of 1,000
restricted stock units after the annual meeting at which he or she is first elected to the Board. Provided a director serves until the next annual meeting of shareholders after a grant is made, the restricted stock units will be distributed as
shares of unrestricted stock – one share of the Company’s common stock for each restricted stock unit – upon the date the director’s term of service ends by reason of retirement, death, disability, or change in control. Directors
holding restricted stock units do not have any rights of a shareholder but have the right to receive a cash payment in lieu of a dividend at such times and in such amounts as dividends are paid on the Company’s common stock. 
  
 Burlington Northern Santa Fe Deferred Compensation Plan for Directors and Burlington
Northern Santa Fe 2005 Deferred Compensation Plan for Non-Employee Directors  
  
 Earnings on deferrals of fees paid pursuant to the Burlington Northern Santa Fe 2005 Deferred Compensation Plan for Non-Employee Directors and its predecessor, the Burlington Northern Santa Fe Deferred Compensation Plan for Directors, track
the investment options elected by the participating director, and include a Prime Rate interest account, a Company stock- 

 
equivalent (phantom stock) account, an S&P 500 index fund account, and a long-term capital appreciation fund account. Other investment tracking options
may be established under the plans’ terms. Participants in the plans receive, based upon their elections, subsequent distributions of such amounts either in annual installments or as lump-sum payments after the director’s departure from
the Board. These earnings are not “preferential” or “above-market” as defined by SEC rules.Amendment to certain SunTrust Banks, Inc.

 Exhibit 10.1 
 Each nonqualified deferred compensation plan (as defined in Code §409A(d)) maintained by SunTrust Banks, Inc. or an affiliate is hereby amended by adding the following provision as the last section or subsection in each plan’s
provisions regarding the election of the time and form of benefit payments: 
 Notwithstanding any contrary Plan provision, a Participant may
be afforded the right to make an election, in accordance with Q/A 19(c) of Notice 2005-1, as to the time and form of payment of all or part of the benefit subject to Section 409A of the Internal Revenue Code of 1986; provided that the time and
form of payment elected are permissible under the terms of the Plan. Any such election shall be made at the time and in the form prescribed by the individual, committee or department responsible for the administration of the Plan. This provision
shall be interpreted and administered in accordance with Notice 2005-1 and in good faith compliance with the requirements of Section 409A of the Internal Revenue Code of 1986.

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