EX-10.14
from 10-K
2 pages
• Upon Termination Without Cause, Including Upon Expiration of the Agreement, Mr. Salomon Will Be Entitled to a Severance Payment Equal to (A) One Year of Base Salary and (B) a Prorated Amount of the Bonus Payable for the Then Current Year Through the Date of Termination. • Upon Termination for Any Reason Following the Sale of the Company, Irrespective of Form, Mr. Salomon Will Be Entitled to a Severance Payment Equal to the Greater of (A) the Bonus Paid Pursuant to the Employment Agreement for the Most Recently Completed Fiscal Year and (B) $500,000. the Agreement Also Provides for Termination With Cause and Upon Death or Disability, in Which Case Mr. Salomon Will Receive Any Accrued Salary to the Date of Termination and Any Other Benefits to Which He Is Entitled Under Then Existing Benefit Plans
12/34/56