EX-10.38
from 10-K
10 pages
2. Starting Date/Nature of Relationship. Your Employment Will Start on February 7, 2008 (The “Start Date”). No Provision of This Letter Shall Be Construed to Create an Express or Implied Employment Contract for a Specific Period of Time. the Company May Terminate the Employment Relationship at Any Time and for Any Reason, by Written Notice to You. You May Terminate the Employment Relationship by Giving at Least Two Weeks’ Prior Written Notice to the Company. in the Event the Company Terminates Your Employment Prior to May 7, 2008, You Will Continue to Receive an Amount Equal to Your Base Salary, Less Applicable Deductions, That You Otherwise Would Have Received for the Period From the Date of Termination Through Such Date. 3. Compensation. (A) Your Base Salary Will Be at the Semi-Monthly Rate of $17,083.33, Less Applicable Deductions, (Annualized at $409,999.92)
12/34/56