Summary of Financial Planning Program for Executive Officers
This agreement outlines a financial planning program offered by the company to its executive officers. Under the program, executives can hire a third-party financial planner and receive up to $20,000 per year in reimbursements from the company. The services covered include financial and benefits counseling as well as income tax preparation. These benefits are available during employment and for up to one year after retirement, termination without cause, disability, or death.
Exhibit 10(v)
Summary of Financial Planning Program for Executive Officers
The Company provides a financial planning program for executive officers under which each may engage a third party to provide financial planning services and receive reimbursement from the Company of up to twenty-thousand dollars ($20,000) annually. Key aspects of the program include individual financial and benefits counseling and income tax preparation, with services to extend for up to one year following retirement, termination without cause, disability or death.
