Summary of Terms of Employment for Thomas M. Costales as Interim CFO and Treasurer
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Summary
This agreement outlines the employment terms for Thomas M. Costales as Interim Chief Financial Officer and Treasurer. He will receive an annual salary of $180,000 for a six-month term starting May 16, 2005, with the possibility of extension based on company needs and performance evaluation. He is also eligible to participate in the company's 401(k) plan beginning the first day of the month after his employment starts.
EX-10.1 2 dex101.htm SUMMARY OF THE TERMS OF EMPLOYMENT Summary of the terms of employment
Exhibit 10.1
Summary of Terms of Thomas M. Costales’ Employment
| Position: | Interim Chief Financial Officer and Treasurer | |
| Salary: | Annual Rate of $180,000 | |
| Term: | Six months, which may be extended based on operational needs and an evaluation at the end of the first six months of employment | |
| Benefits: | Eligible to participate in 401(k) plan effective the first day of the month following the start of employment | |
| Start Date: | May 16, 2005 | |
