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FST > SEC Filings for FST > Form 8-K on 6-Mar-2014All Recent SEC Filings

Show all filings for FOREST OIL CORP



Change in Directors or Principal Officers

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 1, 2014, the Compensation Committee of the Board of Directors (the "Compensation Committee") of Forest Oil Corporation ("Forest") approved the award of cash incentive bonus payments under the terms of Forest's 2013 Annual Incentive Plan (the "2013 AIP Plan") to the executive officers of Forest, including the President and Chief Executive Officer. The 2013 AIP Plan is administered by the Compensation Committee and the President and Chief Executive Officer (for all participant awards other than his own award), although certain administrative elements are delegated to Forest's Vice President of Human Resources. All performance goals, performance standards, and award determinations were approved by the Compensation Committee and the granting of the awards under the 2013 AIP Plan was at the sole discretion of the Compensation Committee. The awards made on March 1, 2014 relate to 2013 and include cash bonuses awarded to Patrick R. McDonald, President and Chief Executive Officer, in the amount of $470,000, and to Victor A. Wind, Executive Vice President and Chief Financial Officer, in the amount of $210,000. All other named executive officer identified in the 2013 proxy statement are no longer employed by Forest and did not receive awards under the 2013 AIP.

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