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 Companys 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 |