Exhibit 10.25
Description of 2009 Compensation
Arrangements for
Certain Executive Officers of
Fortune Brands, Inc.
Description of 2009 base salaries,
annual executive incentive bonuses and long-term incentive awards
for certain executive officers, constituting Exhibit 10.25 to the
Annual Report on Form 10-K of Fortune Brands, Inc., for the fiscal
year ended December 31, 2008.
Base Salaries
Executive officers of the Company
did not receive a salary increase in 2009.
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2009 Salary
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Bruce A. Carbonari
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$
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1,100,000
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Mark Hausberg
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$
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365,000
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Christopher J. Klein
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$
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546,000
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Craig P. Omtvedt
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$
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630,300
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Mark A. Roche
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$
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522,700
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Annual Executive Incentive
Bonus
On February 12, 2009, the
Compensation and Stock Option Committee (the
“Committee”) of the Company’s Board of Directors
established performance goals under the Company’s Annual
Executive Incentive Compensation Plan for the first six months of
2009. The Committee will establish a goal for the second half of
the year in July 2009. Bonuses will be based 50% on achievement of
each six-month goal. The Plan covers officers of the Company
holding the office of Vice President or a more senior office. The
Committee established as a performance goal an incentive pool of
2.5% of 2009 adjusted net income (defined generally as the
Company’s net income from continuing operations) from which
bonuses will be paid. The Committee allocated a percentage of the
pool to each participant in the plan.
After 2009 adjusted net income is
determined, the Committee will a
