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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: Ellen who wrote (23753)4/4/1999 11:57:00 AM
From: Ditchdigger  Read Replies (1) of 44908
 
" Pursuant to an employment agreement dated December 4, 1998, the Company
engaged Robert P. Gordon to continue to serve as Chairman (an officer position)
for a term of five years. Pursuant to the agreement, Mr. Gordon will be paid a
salary of $360,000 per year. In addition, Mr. Gordon received a restricted stock
award of 5,000,000 shares of common stock, which are considered fully-vested.
Mr. Gordon is also entitled to the following: car expense allowance, major
medical health benefits equivalent to that provided to other officers;
indemnification from any claim or law suit which may be asserted against him
when acting as an officer of the Company provided that said indemnification is
not in violation of any federal or state law or rule or regulation of the
Securities and Exchange Commission. The agreement also contains certain
provisions with respect to disability, termination, confidentiality and
non-competition."
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