EX-10.18
from 8-K
5 pages
(A) Lump Sum Severance Payment: On the Later of Your Termination Date or the Effective Date of This Agreement as Defined in Section 13 Below, the Company Will Pay You the Gross Amount of One Hundred Ninety Three Thousand Eight Hundred Seventy-Four Dollars and Twelve Cents ($198,874.12) Which After Appropriate Withholding and Payroll Deductions Yields a Net Amount of One Hundred Thirty-Nine Thousand Three Hundred Twenty-Four Dollars and Fifty-Five Cents ($139,324.55), Which Is Equal to Your Current Base Salary for the Period From May 1, 2005, to January 10, 2006. (B) Performance/Incentive Bonus. as of February 11, 2005, You Are Not Eligible to Participate in Any Performance and/or Incentive Bonus Programs
12/34/56