Business in the Burbs

Rye-based Jarden extends CEO’s contract

May

Jarden Corp., the Rye company that markets consumer products, has extended the contract of Martin E. Franklin, the chairman and chief executive, through 2009 at an annual salary of $1.95 million. He will also get bases tied to the inflation rate, the company said in a filing with the U.S. Securities and Exchange Commission. Franklin will be eligible for bonuses of up to twice his salary based on the companyâ€™s financial performance and the discretion of the board of directors. The agreement also calls for him to get 230,000 shares of restricted stock each year.

This entry was posted on Friday, May 25th, 2007 at 12:13 pm by Allan Drury.
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One Response to “Rye-based Jarden extends CEO’s contract”

Savio May 26th, 2007 at 1:00 am
I’m hopin’ he’ll get the bonus – Savio

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