This excerpt taken from the ADLR DEF 14A filed Apr 4, 2008.
Mr. Hess agreement from September 2005 provides that he is eligible to participate in the Companys Severance Pay Program, described above.
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This excerpt taken from the ADLR DEF 14A filed Mar 29, 2007.
In September 2005, we entered into an at will employment agreement with Mr. Hess to serve as the Companys Vice President, Finance and Chief Financial Officer. Pursuant to the terms of the employment agreement, Mr. Hess is entitled to receive an annual base salary of $195,000 and his target award under the Companys Annual Plan is 25% of salary. Mr. Hess is also eligible to participate in all benefit programs maintained by us that may be provided to our senior executives from time to time. Pursuant to the terms of his employment agreement, Mr. Hess award under the Companys Annual Plan for 2005 performance was to be pro-rated 50% and we granted Mr. Hess a stock option to purchase 50,000 shares of our Common Stock at an exercise price of $10.05 per share on October 31, 2005. Furthermore, Mr. Hess agreement provides that he is eligible to participate in the Companys Severance Pay Program, described above in the Compensation Discussion and Analysis section.