Gerber Scientific, Inc. Chairman of the Board Compensation Memorandum to Donald P. Aiken
Gerber Scientific, Inc. has appointed Donald P. Aiken as Chairman of the Board, effective February 1, 2004. As non-executive Chairman, Mr. Aiken will receive an additional $12,500 per month on top of his compensation as a non-employee Director. This fee will be reviewed periodically and will continue until he is no longer Chairman. The memorandum is issued by Carole F. St. Mark, Chair of the Nominating and Corporate Governance Committee.
EXHIBIT 10.33
MEMORANDUM
To: Donald P. Aiken
From: Carole F. St. Mark
Re: Election as Chairman of the Board
Gerber Scientific, Inc. (the "Company")
Date: December 18, 2003
The Board of Directors of Gerber Scientific, Inc. (the "Board"), with you abstaining, elected you Chairman of the Board, effective February 1, 2004.
As non-executive Chairman, the Board has approved payment to you of $12,500 per month in addition to your compensation as a non-employee Director of the Company. This fee will be reviewed periodically by this Committee and will be paid to you until you cease to be Chairman of the Board for any reason.
| /s/ Carol F. St. Mark | ||
| Carole F. St. Mark, Chair |
