Employment Arrangement Description for Chief Financial Officer Robert C. Bruning
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Summary
This document outlines the employment terms for Robert C. Bruning, the Chief Financial Officer. He receives a base salary of $225,000 per year and was guaranteed a minimum bonus of $25,000 for remaining employed through the end of the fiscal year ending September 30, 2012. Additional bonuses and future salary changes may be awarded at the discretion of the board of directors, based on his performance and other relevant factors.
EX-10.23 3 ex10_23.htm EXHIBIT 10.23 ex10_23.htm
Exhibit 10.23
Description of Employment Arrangement with Robert C. Bruning
Our Chief Financial Officer, Robert C. Bruning, receives an annual base salary of $225,000. Mr. Bruning earned a guaranteed minimum bonus of $25,000 because he remained in the employment of the Company through the end of our fiscal year ended September 30, 2012. Additional discretionary bonuses and future base salary adjustments may be determined by our board of directors based on Mr. Bruning’s performance and contributions to our success, as well as other factors deemed relevant by our board of directors.
