EX-10.2: DESCRIPTION OF COMPENSATION ARRANGEMENT
Contract Categories:
Human Resources
- Compensation Agreements
EX-10.2 3 dexhibit10-22q05.htm DESCRIPTION OF COMPENSATION ARRANGEMENT EX-10.1:
On May 19, 2005, the Board of Directors of MMC approved a compensation arrangement with the Chairman of the Board of MMC, Robert F. Erburu. In recognition of Mr. Erburu's additional responsibilities as non-executive Chairman of the Board of Directors, he will receive supplemental compensation of $100,000 per year effective as of March 16, 2005, the date of his appointment as Chairman of the Board of MMC.
EXHIBIT 10.2
On May 19, 2005, the Board of Directors of MMC approved a compensation arrangement with the Chairman of the Board of MMC, Robert F. Erburu. In recognition of Mr. Erburu's additional responsibilities as non-executive Chairman of the Board of Directors, he will receive supplemental compensation of $100,000 per year effective as of March 16, 2005, the date of his appointment as Chairman of the Board of MMC.
