EX-10
from 10-K
~5
pages
This Letter (The "Agreement") Will Confirm the Terms and Conditions Under Which We Offer You the Position of Executive Vice President of Sales and Marketing of Pharmaceutical Formulations, Inc. (The "Company"). You Agree That This Is a Full-Time Position and That You Will Devote Your Full-Time Efforts to Your Responsibilities to the Company and Undertake No Other Employment Without the Written Consent of the Company. You Agree to Adhere to All of the Company Policies, as Set Forth in the Company’s Employment Manual. the Term of Your Employment Shall Be From a Starting Date of August 2, 2004 Until Your Employment Ceases as Described in Paragraph 4 of This Agreement. You Will Report to Me, and Be a Member of Our Executive Management Team. 1. Compensation and Benefits: You Shall Receive the Following: (A) a Starting Salary of $185,000 (One Hundred and Eighty-Five Thousand Dollars) Per Year, Which Shall Be Reviewed on August 1, 2005 and Thereafter Annually in Accordance With the Company's Prevailing Practice. (B) You May Be Entitled to a Performance Bonus as the Board of Directors, in Its Sole Discretion, May Elect to Pay Based Upon the Company's Results and Its Qualitative Assessment of Your Contribution to the Company. an Outline of the Bonus Program Is Attached
12/34/56
EX-10
from 8-K
1 page
Daniel J. Kane Trustee Term of Agreement: 3 Years Wages: To Commence Upon Ratification 10/24/04 - Fortyfive (.45) Cents Per Hour 10/24/05 - Fortyfive (.45) Cents Per Hour 10/24/06 - Fortyfive (.45) Cents Per Hour Medical - Pfi Agrees to Pay Into the United Teamster Fund, Commencing 12/01/04 the Following 1st Year 2nd Year 3rd Year Single 325.00 Per Month 350.00 Per Month 375.00 Per Month Family 525.00 Per Month 550.00 Per Month 575.00 Per Month Attendance Policy: Length of Employment Less Than 60 Days 60 Days to 1 Year 1 Year but Less Than 3 Years 3 Years Annual Sick Leave 0 Days 1 Paid Day, 2 Unpaid Days 2 Paid Days, 1 Unpaid Day 3 Paid Days Court Appearances, Emergency Room Visits, and Hospital Stays Will Be Excused Under the Attendance Policy, With Proper Documentation Provided (Official Court Document or Invoice From Hospital)
12/34/56