Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?

To: Dave Inne who wrote (9038)	6/12/1998 7:41:00 PM
From: Dave Inne	Respond to of 10836

Correction: KRY(not YBM) chat posters. d.i.

To: Dave Inne who wrote (9038)	6/12/1998 7:41:00 PM
From: Greg Ford	Respond to of 10836

From the KRY proxy. How will Mark survive on a 2 year payout. Greg The Company entered into an employment agreement with Marc J. Oppenheimer, effective February 20, 1995, amended effective January 1, 1996 and May 15, 1996, setting out the terms under which Mr. Oppenheimer would act as President and Chief Executive Officer of the Company. Pursuant to this agreement, Mr. Oppenheimer receives, effective January 1, 1998, a base salary of US$240,000 as well as a benefits package. In addition, the agreement allows for Mr. Oppenheimer to negotiate a bonus and incentive plan with the Company. The incentive plan negotiated by Mr. Oppenheimer allows for the grant to him of such number of options to purchase Common Shares as the Board of Directors deems appropriate. In the event of a change of ownership or control of the Company, Mr. Oppenheimer may terminate the agreement. If, after any such change of control, the Company fails to comply with the agreement, then Mr. Oppenheimer will receive a lump sum payment equivalent to not less than two years of compensation and benefits. The agreement has an expiry date of February 19, 2002, with automatic one-year extensions unless the Company gives Mr. Oppenheimer a minimum of nine months written notice of termination prior to the anniversary date of the agreement. The Company entered into an employment agreement with A. Richard Marshall effective July 1, 1996 and amended effective December 15, 1996, setting out the terms of Mr. Marshall=s appointment as Vice-President, Corporate Development. Pursuant to this agreement, Mr. Marshall receives a base salary of U.S. $120,000 and participates in the Company=s executive benefits plan. Any bonus paid to Mr. Marshall is discretionary. In the event of a change of ownership or control of the Company, Mr. Marshall may terminate the agreement. The agreement has an expiry date of June 30, 2000 and may be renewed upon mutual consent. The Company entered into an employment agreement with Dr. Enrique Tejera Paris effective October 14, 1997. Pursuant to this agreement, Dr. Tejera Paris receives a base salary of U.S. $132,000. Any bonus paid to Dr. Tejera Paris is discretionary. The agreement has an expiry date of May 15, 2000 and may be renewed upon mutual consent. In the event of a termination of the agreement, other than for cause, Dr. Tejera Paris is entitled to be paid U.S. $15,000 per month through the remainder of the original term of the agreement.