This excerpt taken from the AG DEF 14A filed Mar 24, 2008.
SUMMARY OF 2007 COMPENSATION
The following table provides information concerning the compensation of the NEOs for our two most recently completed fiscal years ended December 31, 2006 and 2007.
In the column Salary, we disclose the amount of base salary paid to the NEO during the fiscal year. In the columns Stock Awards and SSAR Awards, we disclose the award of stock or SSARs measured in dollars and calculated in accordance with SFAS 123(R). For awards of stock, the SFAS 123(R) fair value per share is equal to the closing price of our Common Stock on the date of grant. For SSARs, the SFAS 123(R) fair value per share is based on certain assumptions which we explain in Note 10 to our Consolidated Financial Statements, which are
included in our annual report on Form 10-K. We disclose such expense ratably over the vesting period. Please also refer to the table below under the caption 2007 Grants of Plan-Based Awards.
In the column Non-Equity Incentive Plan Compensation, we disclose the amounts earned under our IC Plan during 2007 that were paid in March 2008. The amounts included with respect to any particular fiscal year are dependent on whether the achievement of the relevant performance measure was satisfied during the fiscal year.
In the column Change in Pension Value and Non-Qualified Earnings, we disclose the aggregate change in the actuarial present value of the named executive officers accumulated benefit under all defined benefit and actuarial benefit plans (including supplemental plans) in 2007.
In the column All Other Compensation, we disclose the sum of the dollar value of all perquisites and other personal benefits, or property, unless the aggregate amount of such compensation is less than $10,000.
The Company currently has employment contracts with Messrs. Beck, Collar, Lupton, Muehlhaeuser and Richenhagen. The employment contracts provide for current base salaries at the following rates per annum: Mr. Beck $368,850; Mr. Collar $280,000; Mr. Lupton $357,000; Mr. Muehlhaeuser 491,400 Swiss Francs (which is currently equivalent to $472,137); and Mr. Richenhagen $1,004,000. Messrs. Beck, Collar, Lupton, Muehlhaeuser and Richenhagens employment contracts continue in effect until terminated in accordance with the terms of the contract.
In addition to the specified base salary, the employment contracts provide that each executive officer shall be entitled to participate in or receive benefits under the IC Plan. The contracts further provide that each officer will be entitled to participate in stock incentive plans, employee benefit plans, life insurance arrangements and any arrangement generally available to senior executive officers of the Company, including certain fringe benefits.