Compensation Package for Clark Johnson from June 25, 1998 to February 27, 1999
Base Salary: Base salary will remain the same at $700,000 through the remainder of FY '99 ending February 27,
1999 when Mr. Johnson will leave the company and the Board.
Bonus: Mr. Johnson will be eligible to receive a bonus for the present fiscal year, prorated based on the four
months of the fiscal year he was CEO. He would not receive a bonus for the part of the year he serves as non-
Use of Company Plane: Stops effective June 25th, except as directed by management.
Country Club Membership: Transfer his choice of River Crest or Shady Oaks to Mr. Johnson personally at the
end of FY '99; when no further dues will be reimbursed.
City Club Membership: Continues until end of FY '99 then transferred to Mr. Johnson with no further Pier 1
Travel & Entertainment expense reimbursement: Reimbursed for travel or entertainment done at management's
Telephone: Expenses for cellular phones, office phones, home business phone line, telephone credit card & office
phone continues to be paid by the Company until the end of FY '99.
Dues & Subscriptions: Company pays only nominal expenses until the end of FY '99.
Charitable Contributions: None unless approved by management.
Parking Allowance: Continues at present level at City Center garage until the end of FY '99.
Car Allowance: Continues at same rate per month until the end of FY '99.
Officer's Medical Indemnification: Continues until end of FY '99.
401(k): Participation continues until the end of FY '99.
Benefit Restoration Plan: Participation continues until the end of FY '99.
Medical Insurance: Continues until the end of FY '99; then provide as indicated in SERP.
Restricted Stock Grants: Continues until the end of FY '99; then as provided for in grant documents.
Stock Options: Full vesting at the end of FY '99.
Office Facilities: Provided at company expense until the end of FY '99.
Administrative Support: P