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This excerpt taken from the MRO DEF 14A filed Mar 13, 2007. Other Termination No special employment or severance agreements are in place for officers. Effective February 1, 2005, we adopted a policy stating that our Board should seek stockholder approval or ratification of severance agreements for senior executive officers that would require payment of cash severance benefits exceeding 2.99 times the officers salary plus bonus for the prior calendar year. |
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