At-Will Employment Arrangement between Slavie Federal Savings Bank and Sophie Torin Wittelsberger
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Summary
Slavie Federal Savings Bank employs Sophie Torin Wittelsberger on an at-will basis with a starting salary of $71,760 as of January 1, 2009. She is eligible for annual salary increases and bonuses, both determined by the Compensation Committee of the Board of Directors. Mrs. Wittelsberger is also entitled to all benefits provided to full-time employees. She received a bonus of $15,007.63 for 2008, paid in March 2009.
EX-10.5 4 v144501_ex10-5.htm
Exhibit 10.5
Terms of Employment Arrangement
between Slavie Federal Savings Bank
and Sophie Torin Wittelsberger
Mrs. Wittelsberger is employed on an at-will basis at a rate of pay of $71,760.00 as of January 1, 2009. Mrs. Wittelsberger is also eligible to receive annual salary increases as determined by the Compensation Committee of the Board of Directors and an annual bonus as determined by the Compensation Committee of the Board of Directors. She is also entitled to all benefits available to full-time employees of Slavie Federal Savings Bank. Mrs. Wittelsberger received a bonus of $15,007.63 for 2008, which was paid in March, 2009.
