Summary of Compensation Arrangements with Executive Officers of Electro-Sensors, Inc. for 2010
Electro-Sensors, Inc. outlines the compensation arrangements for its executive officers for the 2010 fiscal year. The company does not have written employment agreements with its executives, who are employed on an at-will basis under oral arrangements. For 2010, Bradley D. Slye, serving as Chairman, President, CEO, and CFO, is entitled to an annual base salary of $176,000, while Peter R. Peterson, Secretary, is entitled to $100,000.
Exhibit 10.4
SUMMARY OF COMPENSATION ARRANGEMENTS WITH EXECUTIVE OFFICERS
2010 FISCAL YEAR
Electro-Sensors, Inc. (the “Company”) currently does not have written employment agreements with its executive officers, who serve as “at-will” employees pursuant to oral arrangements with the Company. For the 2010 fiscal year, the Company’s executive officers were entitled to the base salaries set forth below.
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| Executive Officer and Title | 2010 Annual Base Salary |
| Bradley D. Slye | $176,000 |
| Peter R. Peterson | $100,000 |
