2006 Executive Bonus and Compensation Adjustment Agreement for Eugene I. Zuriff and Samuel Goldfinger
This document outlines the compensation arrangements for two executive officers of the company for their work in 2006. Eugene I. Zuriff, President and Director, received a $60,000 bonus, while Samuel Goldfinger, Financial Officer and Executive Vice President of Finance, received a $50,000 bonus. Additionally, Mr. Goldfinger's annual salary was increased from $170,000 to $190,000 starting January 2, 2007. Mr. Zuriff's salary remained unchanged at $165,000.
Exhibit 10.119
Compensation Arrangements with Named Executive Officers other than Mr. Stillman
In the first week of January 2007, the following bonuses were paid to the Company’s named executive officers for their services rendered to the Company during 2006:
| Executive Officer |
| Title |
| Bonus Amount |
| |
| Eugene I. Zuriff |
| President and a Director |
| $ | 60,000 |
|
| Samuel Goldfinger |
| Financial Officer, Executive Vice President of Finance, Treasurer and Sec |
| $ | 50,000 |
|
In addition, Mr. Goldfinger’s salary was increased from $170,000 to $190,000 commencing on January 2, 2007. Mr. Zuriff’s salary remained at $165,000.
