Description of Supplemental Insurance Benefits for Executives
This document outlines supplemental insurance benefits provided by the Company to certain executives. Eligible executives receive life insurance coverage equal to twice their salary and most recent bonus, plus an additional $200,000, or $300,000 if they also serve on the Board of Directors. They also receive extra travel accident insurance equal to three times their salary and most recent bonus, and additional health coverage with a maximum annual benefit of $25,000 per executive family.
Exhibit 10-4
Description of Supplemental Insurance Benefits
The Company provides life insurance coverage equal to two times salary and most recent bonus, plus $200,000 to certain executives and $300,000 to certain executives of the Company who are also on its Board of Directors. The Company provides additional travel accident insurance equal to three times salary and most recent bonus to certain executives, beyond the coverage provided to other employees. The Company provides additional health coverage to certain executives with a maximum annual benefit of up to $25,000 per executive family.
