2003 Compensation Plan Agreement for Dale Szymborski and Kontron Mobile Computing, Inc.

Summary

This agreement outlines the 2003 compensation plan for Dale Szymborski, President of Kontron Mobile Computing, Inc. It sets a base salary of $120,000 and details a quarterly bonus structure based on the company's operating profit, with specific thresholds for bonus amounts. Additional bonuses are available if annual revenue exceeds $15 million. All bonuses require CEO approval and are subject to change at the CEO's discretion. The agreement is signed by the CEO, President, and board representatives.

EX-10.20 4 c75166exv10w20.txt 2003 COMPENSATION PLAN FOR DALE R. SZYMBORSKI EXHIBIT 10.20 2003 COMPENSATION PLAN FOR DALE SZYMBORSKI Name: DALE SZYMBORSKI Function: PRESIDENT KONTRON MOBILE COMPUTING, MINNEAPOLIS The main focus this year is to grow the company and continue the successful path of profitability. The main challenge will be to motivate your staff/people during the year and report weekly to the CEO. This reward system intends to motivate you to fulfill both the Company tasks and, in the long term, create shareholder value for all shareholders of KMC. Base Salary: $120,000 The bonus per Quarter is evaluated and based on the following: 1. Profitability for Kontron Mobile Computing per Quarter o If Operating profit is less than $150K, then $0/Qtr. o If Operating profit is less than $399K, then $7,500/Qtr. o If Operating profit is more than $400K, $10,000/Qtr. o If Operating profit is more than $500K, then $15,000/Qtr. o If Operating profit is more than $900K, then $20,000/Qtr. o If Operating profit is more than $1,300,000, then $30,000/Qtr. Before the Bonus is paid, the numbers in each quarter have to be audited and approved by the CEO. No Q3 or Q4 Bonus will be paid if the 2003 YTD cumulative Operating Profit at the end of these quarters is less than $800K. If Revenue for the year 2003 exceeds $15 Million, there is an additional bonus of $15,000 paid out. The CEO has the right at any time to change the above conditions. /s/ Thomas Sparrvik /s/ Dale Szymborski - -------------------------------- -------------------------------------------- Thomas Sparrvik, CEO Dale Szymborski, General Manager & President Kontron Mobile Computing, Inc. Kontron Mobile Computing, Inc. /s/ Richard L. Poss /s/ David C. Malmberg - -------------------------------- -------------------------------------------- Richard L. Poss David C. Malmberg Chairman, Compensation Committee Chairman of the Board