EX-10.2
from 10-Q
8 pages
(II) to the Extent That the Company Earns Net Income in Excess of $6.5 Million on an Annual Basis in 2010, 2011, 2012 and/or 2013, You Shall Be Entitled to Receive Ten Percent (10%) of Every Dollar of Net Income Earned in Excess of $6.5 Million Up to an Aggregate Total Payment of $500,000. Such Payments, if Any, Shall Be Payable in 2011, 2012, 2013 and 2014, as and if Applicable. for the Avoidance of Doubt, You Shall Not Be Entitled to Any Payments Under This Paragraph 1(a)(ii) in Respect of Any Year in Which the Company Earns Net Income Equal to or Less Than $6.5 Million
12/34/56
EX-10.1
from 10-Q
7 pages
(A) Continuing Payments. in Consideration of Your Agreement, Without Revocation, to the Terms and Conditions of This Agreement, and the Release of Claims as Set Forth Below, the Company Will Provide You With Your Base Salary (As Defined in Section 3.1 of the Employment Agreement), in Effect on the Day Before the Termination Date, for the Balance of the Initial Term (As Defined in Section 1 of the Employment Agreement) in Accordance With the Company’s Regular Pay Cycle. the Payments Hereunder Shall Not Be Subject to Reduction Due to Compensation Received in Connection With Other Employment as Set Forth in Section 5.1 of the Employment Agreement
12/34/56
