MON » Topics » Base Salary

This excerpt taken from the MON DEF 14A filed Dec 7, 2009.

Base Salary

For calendar year 2010, the Committee considered the median range of our comparator group for base pay and determined that given market conditions and company performance expectations for fiscal 2010, no base pay increases be provided to any officer other than Mr. Casale to recognize his new responsibilities as CFO. The Committee determined to increase Mr. Casale’s annual base pay from $550,000 to $590,000 effective January 11, 2010 to better align his base pay with the comparator group.

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