EX-10.5
from 8-K/A
2 pages
November 9, 2010 Janie M. West 2450 Shumard Oak Drive Braselton, Ga 30517 Dear Janie, on Behalf of Online Resources Corporation, I Am Pleased to Offer You the Position of Chief Marketing Officer, Reporting to Joe Cowan, President and Chief Executive Officer, Effective November 8, 2010. Outlined Below Are the Details of Our Offer. Salary: Your Base Compensation Will Be $230,000.00 Per Annum, Paid Semi-Monthly at $9,583.33 Less Applicable Deductions. Bonus/Incentive Programs: You Will Be Eligible to Participate in the Company’s Bonus Plan in 2011. Your Targeted Payout for Your Level Is 50% of Salary for a Total Target Bonus of $115,000. the Actual Payout Will Depend on the Company’s Performance, and Will Be Pro-Rated Based on Time in Position
12/34/56
EX-10.5
from 10-Q
2 pages
April 15, 2011 Stephen W. Ryan 9542 28th Bay Street Norfolk, Va 23518 Dear Steve, on Behalf of Online Resources Corporation, I Am Pleased to Offer You the Position of Executive Vice President, Service Delivery, Reporting to Joe Cowan, President and Chief Executive Officer, Effective on or About May 1, 2011. Outlined Below Are the Details of Our Offer. Salary: Your Base Compensation Will Be $240,000.00 Per Annum, Paid Semi-Monthly at $10,000.00, Less Applicable Deductions. Bonus/Incentive Programs: You Will Be Eligible to Participate in the Company’s Bonus Plan in 2011. Your Targeted Payout for Your Level Is 50% of Salary for a Total Target Bonus of $120,000. the Actual Payout Will Depend on the Company’s Performance, and Will Be Pro-Rated Based on Time in Position
12/34/56
EX-10.4
from 10-Q
2 pages
May 1, 2011 Eric Labiak 1348 Jacob Drive Yardley, Pa 19067 Dear Eric, Congratulations on Your Promotion to the Position of Chief Sales Officer for the Sales Organization, Reporting to Joe Cowan, President and Chief Executive Officer, Effective May 1, 2011. the Promotion Details Are Described Below. Your New Salary Will Be $225,000.00 Per Annum, Paid Semi-Monthly at $9,375.00, Less Applicable Deductions
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