Summary of Compensation Agreement for Chief Financial Officer Stephen Irlbeck at Western Capital Resources, Inc.
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Summary
This agreement outlines the compensation terms for Stephen Irlbeck as Chief Financial Officer of Western Capital Resources, Inc. Mr. Irlbeck will receive an annual salary of $140,000, the same benefits as other employees and executive officers, and is eligible to participate in the company's annual performance-based management bonus pool. The percentage of his bonus is determined each year at the discretion of the Board of Directors.
EX-10.2 2 v222396_ex10-2.htm Unassociated Document
EXHIBIT 10.2
Summary of Compensation for Chief Financial Officer
The compensation payable to Mr. Stephen Irlbeck following his appointment as the Chief Financial Officer of Western Capital Resources, Inc. is the same as his compensation prior to such appointment, when he served as Senior Director of Accounting. In this regard, Mr. Irlbeck receives:
| | · | an annual salary of $140,000 |
| | · | benefits that are identical to those offered to other employees and executive officers |
| | · | eligibility to participate in Western Capital Resource’s annual performance-based management bonus pool. Mr. Irlbeck’s percentage participation in such bonus pool is not fixed; but rather is determined on an annual basis at the discretion of the Board of Directors. |
