This excerpt taken from the MOVE DEF 14A filed Apr 30, 2009.
Mr. Caulfield. On October 5, 2006, we entered into an employment agreement and Executive Retention and Severance Agreement with Mr. Caulfield that provides for his employment as our Executive Vice President, General Counsel and Secretary. Mr. Caulfields employment agreement provides for an annual base salary of $275,000, and eligibility to participate in the health insurance, 401(k) and other benefits offered to senior executives of the Company. On December 19, 2008, the Company and Mr. Caulfield amended the Executive Retention and Severance Agreement to include special provisions intended to ensure compliance with Internal Revenue Code Section 409A relating to deferred compensation. Additional details of Mr. Caulfields severance entitlements pursuant to his Executive Retention and Severance Agreement are addressed under the Potential Payments Upon Termination or Change in Control section of this proxy statement.
Each of the above-described employment agreements (not including the Executive Retention and Severance Agreements) can be terminated by either party at any time.