May 4, 2006
Frank J. Cotroneo
11709 High Drive
Leawood, KS 62211
Dear Frank:
I am very happy to confirm Acxiom' s offer of a full-time Associate position in the role of Chief Financial Officer (CFO). Your starting date of employment is May 15, 2006.
The specific components of your compensation package are outlined below:
1.
Your base salary will be in the amount of $16,666.67 per pay period, which computes to $400,000.00 annually. Paychecks are issued on the fifteenth and the last working day of each month.
2.
Your annual cash incentive opportunity will be 65% of your base pay. Incentive payments are calculated quarterly based on attainment of financial targets up to the target incentive. You must be employed on the date of payout to receive payment.
The following represents a breakdown of your compensation package:
Dollars
Base Salary
$400,000.00
Cash Incentive Opportunity
$260,000.00
(at 100% attainment)
Total Cash Compensation Opportunity
$660,000.00
(at 100% attainment)
3.
You will be eligible to participate in Acxiom' s benefits programs. Our benefits offerings include health, life, vision, dental, 401(k), and stock purchase plan, among others.
4.
You will receive an Executive Security Agreement and will be indemnified as outlined in the standard company Indemnity Agreement. Both will be effective on your start date of May 15, 2006.
5.
As part of your leadership role you are not limited to a fixed number of vacation and personal paid days off. This provides you with the flexibility you need as you strive to achieve a productive balance between your personal time and business requirements. You should note, however, that because you do not accrue paid days off, upon your termination you will not receive any compensation for personal or vacation time.
6.
Subject to Acxiom Board of Directors approval, we are pleased to offer you 25,000 restricted stock units which vest over a four year period.
Frank J. Cotroneo
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May 4, 2006
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