Exhibit 10.29
Exhibit 10.29
| Name and Principal Position | Salary approved for fiscal year 2006 | Bonus approved for fiscal year 2005 |
| E. Van Cullens President and Chief Executive Office |
$470,000 |
$210,000 |
| John C. Clark Senior Vice President of Operations |
252,000 |
162,000 |
| Nicholas C. Hindman, Sr. Treasurer, Secretary, Senior Vice President and Chief Financial Officer |
249,900 |
162,000 |
| William J. Noll Senior Vice President of Research and Development and Chief Technology Officer |
240,350 |
162,000 |
| Timothy J. Reedy Chief Executive Officer of Conference Plus, Inc. |
250,000 |
108,000 |
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In addition, each of the named executive officers is entitled to receive a bonus for fiscal 2006 based on performance criteria which include revenues, gross margin and operating income before taxes.
The Company will provide additional information regarding the compensation of its named executive officers in its Proxy Statement for the 2005 Annual Meeting of Stockholders.
