Deltic Timber 8-K 2006
Documents found in this filing:
October 18, 2006
Pursuant to a decision by the Executive Compensation Committee of the Board of Directors of Deltic Timber Corporation, attached is the basis of remuneration and other items revised to conform with IRS Code 409A should our company experience a change-in-control. *
Please review and advise if you have any questions.
Ray C. Dillon
A Change-in-Control (CIC) Agreement with a double trigger where in the event a change in control occurs and a direct report to the President and CEO who is an officer of the Company is involuntarily dismissed within two years without cause or suffers (i) a reduction in salary and potential bonus and/or (ii) a meaningful diminution in job responsibility as a consequence of such a change, he would receive the following: