Oral Employment Agreement between Company and Stephanie L. Rode (Senior Vice President/Compliance and Risk Manager)
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Summary
This agreement documents the employment terms for Stephanie L. Rode as Senior Vice President/Compliance and Risk Manager. She will receive a base salary of $90,000 per year, with possible annual adjustments at the Board's discretion. Ms. Rode is also eligible for incentive compensation, participation in the company's 401(k) plan, paid time off as per the employee handbook, and reimbursement for reasonable business expenses.
EX-10.2 4 p19473_ex10-2.txt ORAL EMPLOYMENT AGREEMENT Exhibit 10.2 On May 23, 2005, the Company's Board of Directors designated Stephanie L. Rode, Senior Vice President/Compliance and Risk Manager. The base salary for Ms. Rode is $90,000 per year, subject to annual adjustments to be determined by the Board of Directors in its sole discretion. Ms. Rode will be eligible to receive additional compensation under the terms of an incentive compensation plan adopted by the Board of Directors, participation in the Company's 401(k) Plan, paid time off in accordance with the Company's Employee Handbook, and reimbursement of reasonable business expenses.
