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Note 15 - Employment Agreements
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12 Months Ended |
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Dec. 31, 2011
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| Compensation and Employee Benefit Plans [Text Block] |
15. Employment
Agreements
The
Company has in place with certain managers and
executives employment agreements calling for base
compensation payments totaling $4,154,000, $3,600,000,
$3,600,000, $3,432,000 and $2,063,000 for the years ending
December 31, 2012 2013, 2014, 2015 and 2016,
respectively. These agreements expire on various dates within
the listed periods and also provide for performance based
bonus and equity awards, provided the Company’s
performance meets defined performance objectives. These
employment contracts vary in length and provide for
continuity of employment pending termination “for
cause” for the covered individuals.
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