Summary of Employment Arrangements for Kenneth T. Myers as President and CEO

Summary

Kenneth T. Myers is employed as the President and Chief Executive Officer of the company on an at-will basis, meaning his employment can be terminated at any time by the board of directors. He will receive an annual salary of $225,000, paid according to the company's payroll schedule, and is eligible for the standard employee benefits provided by the company.

EX-10.1 2 dex101.htm SUMMARY OF EMPLOYMENT ARRANGEMENTS OF KENNETH T. MYERS Summary of Employment Arrangements of Kenneth T. Myers

Exhibit 10.1

Summary of Employment Arrangements

of Kenneth T. Myers

Kenneth T. (Ted) Myers, the Company’s President and Chief Executive Officer, is an at-will employee who serves at the pleasure of the board of directors. He is entitled to an annual salary of $225,000, payable in accordance with the Company’s payroll policies, and customary employee benefits offered by the Company.