Summary of Bonuses Awarded to Executive Officers of Allin Corporation for 2004
Allin Corporation's Board of Directors approved bonuses for its executive officers based on the company's 2004 financial and operational results. Richard W. Talarico, Chairman, CEO, and President, was awarded a $20,000 bonus, and Dean C. Praskach, CFO, was awarded a $10,000 bonus. These bonuses are payable after the completion of the company's financial statement audit by an independent public accounting firm.
Exhibit 10.1
Summary of Bonuses Awarded to Executive Officers of
Allin Corporation in Respect of 2004
After review and discussion of the financial and operational results of Allin Corporation (the “Company”) for the year ended December 31, 2004, on February 24, 2005, the Board of Directors of the Company awarded bonuses to its executive officers payable upon completion of the audit of the Company’s financial statements by its independent public accounting firm. The bonuses approved were as follows:
Richard W. Talarico, Chairman, Chief Executive Officer and President - $20,000
Dean C. Praskach, Chief Financial Officer - $10,000
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