SUMMARY OF COMPENSATION ARRANGEMENTS WITH EXECUTIVE OFFICERS 2008 FISCAL YEAR
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EX-10.4 4 electro091283_ex10-4.htm SUMMARY OF COMPENSATION ARRANGEMENTS WITH EXECUTIVE OFFICERS Exhibit 10.4 to Electro-Sensors, Inc. Form 10-K for fiscal year ended December 31, 2008
Exhibit 10.4
SUMMARY OF COMPENSATION ARRANGEMENTS WITH EXECUTIVE OFFICERS
2008 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 2008 fiscal year, the Company’s executive officers were entitled to the base salaries set forth below.
| Executive Officer and Title | 2008 Annual Base Salary |
| Bradley D. Slye Chairman, President, CEO and CFO | $176,000 |
| Peter R. Peterson Secretary | $100,000 |
