EX-10.21: SUMMARY OF EMPLOYMENT AGREEMENT WITH MATTHEW F. MACFARLANE

EX-10.21 23 y12717exv10w21.txt EX-10.21: SUMMARY OF EMPLOYMENT AGREEMENT WITH MATTHEW F. MACFARLANE Exhibit 10.21 SUMMARY OF AGREEMENT WITH MATTHEW MACFARLANE 1. Title: Vice President and Chief Accounting Officer 2. Base Salary: $145,000 per year 3. Bonus Potential: 25% 4. GS will provide a 401K program, initially without company contribution. 5. GS will provide a car allowance in line with our discussion. 6. GS will provide a term Life Insurance Policy in the amount of $500,000, subject to satisfactory physical examination. 7. Stock Options: GS will provide options to purchase 25,000 shares at a price of $6 per share. These options will vest over a 4-year period from date of hire. 8. Change of Control: In the event the company is sold or merged, and there is a change of control, all of your options will vest; and, in the event that you do not receive a comparable position with the new company, you will receive a payment of $75,000. 9. GS will provide you our standard Healthcare Benefits program. Robin Godfrey, our Controller, will provide you with the details and help you get signed up. 10. Sign on Bonus: $10,000. 11. Vacation: 3 weeks Agreed /s/ Matthew MacFarlane ---------------------------------------- 12-17-03