Summary of Compensation Arrangements with Executive Officers of Electro-Sensors, Inc. for 2009
Electro-Sensors, Inc. has outlined the compensation arrangements for its executive officers for the 2009 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 2009, 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. No additional terms or conditions are specified in this summary.
EXHIBIT 10.4
SUMMARY OF COMPENSATION ARRANGEMENTS WITH EXECUTIVE OFFICERS
2009 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 2009 fiscal year, the Company’s executive officers were entitled to the base salaries set forth below.
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| Executive Officer and Title | 2009 Annual Base Salary |
| Bradley D. Slye | $176,000 |
| Chairman, President, CEO and CFO |
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| Peter R. Peterson | $100,000 |
| Secretary |
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