EX-10.1
from 8-K
3 pages
March 27, 2020 1) Compensation: A. Annual Salary. Your Annual Base Salary Will Be $48,000, Less Applicable Withholdings and Deductions, to Be Paid in Accordance With the Company’s Normal Payroll Procedures. B. Annual Bonus. Beginning in 2020, You Will Be Eligible to Receive a Discretionary Bonus at the Discretion of the Company Board of Directors, Less Applicable Withholdings, to Be Paid in Accordance With the Company's Normal Payroll Procedures
12/34/56
EX-10.1
from 8-K
4 pages
On Behalf of the LGL Group, Inc. (The "Company") and Its Principal Operating Subsidiary M-Tron Industries, Inc. ("Mtron"), I Am Pleased to Present You This Offer to Join the Company as the Executive Vice Chairman, LGL Group, and as the Executive Chairman, Mtron. if You Accept This Offer, You Will Commence Your Employment as Soon as Possible After the Execution and Return of This Letter, but in No Event Later Than October 1, 2013. This Letter Sets Forth the Terms of the Offer of Employment. 1. Compensation. A. Annual Draw. the Company Will Pay You an Annual Draw of $12,000 Monthly ($144,000 Annually), Which Shall Be Deemed Earned Whether or Not Annual Incentive Payments (As Defined Below) Are Earned, Less Applicable
12/34/56