Exhibit No

EX-10.68 3 v16354exv10w68.htm EXHIBIT 10.68 exv10w68
 

EXHIBIT 10.68
KEY TERMS OF COMPENSATION ARRANGEMENT
     
NAME:   Kip M. Garcia
     
TITLE:   President
     
BASE SALARY:   $385,000
     
BONUS PLAN:   Target payout at 65% of base salary.
Effective January 17, 2006, target payout at
85% of base salary.
     
HEALTH BENEFITS:   Medical, dental and vision insurance.
     
401K:   4% match, eligible after 6 months.
     
MANAGEMENT CHANGE OF CONTROL
PLAN: 		  If involuntary termination, but not for
death, disability or cause, at any time
within 18 months following the change of
control, eligible to receive a payment equal
to three times annual salary and a
pro-rated bonus, in a single lump sum
payment, less applicable taxes, and benefits
coverage for 18 months.
     
MANAGEMENT SEVERANCE PLAN:   Eligible to receive a severance payment equal
to 50% of gross base salary if
involuntarily terminated other than for
death, disability or cause, to be paid in
equal monthly installments over the 12-month
period.