GPS » Topics » Section 3. Base Compensation and Initial Bonus
This excerpt taken from the GPS 8-K filed Jan 23, 2007.
Section 3.Base Compensation and Initial Bonus
Base Compensation. The Company agrees to pay Executive a base salary at an annual rate of $1,500,000 (Base Compensation). Such salary shall be payable in
accordance with the standard payroll procedures of the Company and shall be subject to annual review beginning in April 2004.
Initial Bonus. Within thirty (30) days after the Effective Date, Executive shall receive a cash bonus of $885,000.00.
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