Bonus Structure Memorandum for Dennis L. Kogod
This memorandum outlines an agreement between the Company and Dennis L. Kogod, the Chief Operating Officer, regarding a relocation bonus. Mr. Kogod will receive an additional $118,000 per year for three years to assist with his move to Denver, Colorado. This bonus is separate from any other compensation he is entitled to under his existing employment agreement. The payments begin once Mr. Kogod relocates to Denver.
Exhibit 10.7
MEMORANDUM RELATING TO BONUS STRUCTURE
FOR
DENNIS L. KOGOD
On March 10, 2010, the Company agreed to pay Mr. Kogod, Chief Operating Officer, a relocation bonus in the amount of $118,000 per year for three years to support Mr. Kogod’s transition to Denver, Colorado commencing upon his relocation to Denver, Colorado. Such amount is in addition to amounts which Mr. Kogod is otherwise eligible to receive under his employment agreement with the Company.
