RCM Technologies, Inc. Compensation Arrangements for Named Executive Officers (Campanelli & Miller)
RCM Technologies, Inc. employs Rocco Campanelli (Executive Vice President) and Kevin D. Miller (Chief Financial Officer, Treasurer, and Secretary) on an at-will basis under oral agreements. Both executives receive standard employee benefits, plus eligibility for executive-level medical and stock option plans, and an auto allowance. Campanelli's 2008 base salary was $225,000 with bonus potential based on divisional performance and discretionary awards. Miller's 2008 base salary was $257,000 with eligibility for a discretionary bonus. The agreement outlines compensation and benefits but does not specify a fixed term or written contract.
EXHIBIT 10 (o)
RCM TECHNOLOGIES, INC.
Compensation Arrangements for Named Executive Officers
Rocco Campanelli. Executive Vice President. The Company on an at-will basis pursuant to an oral agreement employs Mr. Campanelli. In addition to standard medical, disability, life insurance, 401(k) and employee stock incentive benefits available to all eligible employees, he is eligible for the Executive Medical Supplementary Plan available to the named executive officers, the Executive Stock Option Plan available to officers and key employees and an auto allowance available to certain middle managers and above. Mr. Campanelli received a base salary of $225,000 in 2008. His bonus compensation is comprised of certain percentages of divisional operating income above certain threshold targets plus any discretionary bonus awarded by the Compensation Committee of the Board, if any.
Kevin D. Miller. Chief Financial Officer, Treasurer and Secretary. The Company on an at-will basis pursuant to an oral agreement employs Mr. Miller. In addition to the standard medical, disability, life insurance, 401(k) and employee stock incentive benefits available to all eligible employees, he is eligible for the Executive Medical Supplementary Plan available to the named executive officers, the Executive Stock Option Plan available to officers and key employees and an auto allowance available to certain middle managers and above. Mr. Miller received a base salary of $257,000 in 2008. He is eligible for a discretionary bonus.
