MRO » Topics » Bonus Target Opportunities

This excerpt taken from the MRO DEF 14A filed Mar 13, 2007.

Bonus Target Opportunities

Each year, the Committee establishes a bonus target amount for each Officer that is expressed as a percentage of his or her year-end base salary. In 2006, the bonus targets for the Officers were as follows:

 

2006 Bonus Target

Name

 

(as% of Base Salary)

C. P. Cazalot, Jr.

 

120%

J. F. Clark

 

75%

G. R. Heminger

 

80%

S. B. Hinchman

 

70%

P. G. Behrman

 

70%

 

The bonus targets are designed to be competitive with annual bonus targets for similar positions at peer companies and are based on compensation data provided by the Committee’s compensation consultant. Actual bonus payments may be above or below the target amount depending upon Marathon and individual performance for the year.

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