Summary of Compensation Arrangements with Executive Officers of Electro-Sensors, Inc. for 2008
Electro-Sensors, Inc. outlines the compensation arrangements for its executive officers for the 2008 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 2008, Bradley D. Slye, serving as Chairman, President, CEO, and CFO, received an annual base salary of $176,000, while Peter R. Peterson, Secretary, received $100,000.
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 |
