CHAIRMAN,
CHIEF EXECUTIVE OFFICER AND PRESIDENT

    


    Effective:
January 1, 2010

     

    Exhibit
10.1-CEO 2010 Incentive Plan


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    CHAIRMAN,
CHIEF EXECUTIVE OFFICER AND PRESIDENT

    


    PURPOSE:  To
define the compensation plan for the Chairman, Chief Executive Officer and
President.

    


    SCOPE:
Perma-Fix Environmental Services, Inc.

    


    POLICY:  The
Compensation Plan is designed to retain, motivate and reward the incumbent to
support and achieve the business, operating and financial objectives of
Perma-Fix Environmental Services, Inc. (the “Company”).

    


    BASE
SALARY:  The Base Salary indicated below is paid in equal periodic
installments per the regularly scheduled payroll.

    


    PERFORMANCE
INCENTIVE COMPENSATION: Performance Incentive Compensation is available based on
the Company’s financial results noted in Schedule A.  Effective date
of plan is January 1, 2010 and incentive will be for entire year. Performance
incentive compensation will be paid on or about 90 days after year-end, or
sooner, based on final 10K financial statement.

    


    SEPARATION:  Upon
voluntary or involuntary separation from the Company the employee will be paid
the base salary due to the last day of employment.  If employment is
separated prior to the annual incentive compensation payment period as noted
above, no incentive compensation is due to the incumbent.

    


    ACKNOWLEDGEMENT:  Payment
of Performance Incentive Compensation of any type will be forfeited, unless the
Human Resources Department has received a signed acknowledgement of receipt of
the Compensation Plan prior to the applicable payment date.

    


    INTERPRETATIONS:  The
Compensation Committee of the Board of Directors retains the right to modify,
change or terminate the Compensation Plan at any time and for any
reason.  It also reserves the right to determine the final
interpretation of any provision contained in the Compensation Plan and it
reserves the right to modify or change the Revenue and Net Income Targets as
defined herein in the event of the sale or disposition of any of the assets of
the Company.  While the plan is intended to represent all situations
and circumstances some issues may not easily be addressed.  The
Compensation Committee will endeavor to review all standard and non-standard
issues related to the Compensation Plan and will provide quick interpretations
that are in the best interest of the Company, its shareholders and the
incumbent.

     

    Exhibit
10.1-CEO 2010 Incentive Plan


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    CHAIRMAN,
CHIEF EXECUTIVE OFFICER AND PRESIDENT

    


    Base Pay and Performance
Incentive Compensation Targets

    


    The
compensation for the below named individual as follows:

    
      
        
          
            	
                    Annualized
      Base Pay:

                  	 	$	263,218	 
	
                    Performance
      Incentive Compensation Target (at 100% of Plan):

                  	 	$	131,609	 
	
                    Total
      Annual Target Compensation (at 100% of Plan):

                  	 	$	394,827	 


          

        

      

    

    


    The
Performance Incentive Compensation Target is based on the Schedule A
below.

    


    Target
Objectives

    


    
      
        
          
            
              	 
      	 	 	 	 	
                      Performance
      Target Thresholds

                    	 
	 
      	 	
                      Weights

                    	 	 	 	
                      85-100%

                    	 	 	 	
                      101-120%

                    	 	 	 	
                      121-130%

                    	 	 	 	
                      131-140%

                    	 	 	 	
                      141-150%

                    	 	 	 	
                      151-160%

                    	 	 	 	
                      161%+

                    	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Revenue

                    	 	 	15	%	 	 	19,741	 	 	 	23,690	 	 	 	25,664	 	 	 	27,638	 	 	 	29,612	 	 	 	31,586	 	 	 	34,547	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Net
      Income

                    	 	 	55	%	 	 	72,385	 	 	 	86,862	 	 	 	94,100	 	 	 	101,339	 	 	 	108,577	 	 	 	115,816	 	 	 	126,674	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Health
      & Safety

                    	 	 	15	%	 	 	19,741	 	 	 	23,690	 	 	 	25,664	 	 	 	27,638	 	 	 	29,612	 	 	 	31,586	 	 	 	34,547	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Permit
      & License Violations

                    	 	 	15	%	 	 	19,741	 	 	 	23,690	 	 	 	25,664	 	 	 	27,638	 	 	 	29,612	 	 	 	31,586	 	 	 	34,547	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                      Unbilled
      Receivables

                    	 	
                      *
      If criteria (Item #5) for reducing unbilled AR are not met bonus will be
      reduced by 15%

                    	 
	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
      	 	 	 	 	 	 	131,609	 	 	 	157,931	 	 	 	171,092	 	 	 	184,253	 	 	 	197,414	 	 	 	210,574	 	 	 	230,316	 


            

          

        

      

    

     

    
      	
              1)

            	
              Revenue
      is defined as the total consolidated third party top line revenue as
      publicly reported in the Company’s financial statements.  The
      percentage achieved is determined by comparing the actual consolidated
      revenue to the Board approved budgeted revenue.  The Board
      reserves the right to modify or change the Revenue Targets as defined
      herein in the event of the sale or disposition of any of the assets of the
      Company or in the event of an
acquisition.

            


    

     

    
      	
              2)

            	
              Net
      Income is defined as the total consolidated pre-tax net income applicable
      to Common Stock as publicly reported in the Company’s financial
      statements.  The net income will include all subsidiaries,
      corporate charges, dividends and discounted operations.  The
      percentage achieved is determined by comparing the actual net income to
      the Board approved budgeted net income.  The Board reserves the
      right to make adjustments to net income so as not to penalize the employee
      for actions in the current year which will contribute to net income in
      future years and it reserves the right to modify or change the Net Income
      Targets as defined herein in the event of the sale or disposition of any
      of the assets of the Company or in the event of an
      acquisition.  The Board further reserves the right to adjust net
      income to reflect charges resulting from the vesting of incentive
      stock options.

            


    

     

    
      	
              3)

            	
              The
      Health and Safety Incentive target is based upon the actual number of
      Worker’s Compensation Lost Time Accidents, as provided by the Company’s
      Worker’s Compensation carrier.  The Corporate Treasurer will
      submit a report on a quarterly basis documenting and confirming the number
      of Worker’s Compensation Lost Time Accidents, supported by the AIG
      Worker’s Compensation Loss Report.  Such claims will be
      identified on the loss report as “indemnity claims.”  The
      following number of Worker’s Compensation Lost Time Accidents and
      corresponding Performance Target Thresholds has been established for the
      annual Incentive Compensation Plan calculation for
  2010.

            


    

    
       

      Exhibit
10.1-CEO 2010 Incentive Plan

    

     

    
      
         


      

      
         


        
          

        

      

      
         


      

    

     

    
      
        
          	
                  Work
      Comp.

                  Claim
      Number

                	 
      	
                  Performance

                  Target

                
	
                  7

                	 
      	
                  85%
      - 100%

                
	
                  6

                	 
      	
                  101%
      - 120%

                
	
                  5

                	 
      	
                  121%
      - 130%

                
	
                  4

                	 
      	
                  131%
      - 140%

                
	
                  3

                	 
      	
                  141%
      - 150%

                
	
                  2

                	 
      	
                  151%
      - 160%

                
	
                  1

                	 
      	
                  161%
      Plus

                


        

      

    

     

    
      	
              4)

            	
              Permits
      or License Violations incentive is earned/determined according to the
      scale set forth below:  An “official notice of non-compliance” is
      defined as an official communication from a local, state, or federal
      regulatory authority alleging one or more violations of an otherwise
      applicable Environmental, Health or Safety requirement or permit
      provision, which results in a facility’s implementation of corrective
      action(s).

            


    

     

    
      
        
          	
                  Permit
      and

                  License
      Violations

                	 
      	
                  Performance

                  Target

                
	
                  7

                	 
      	
                  85%
      - 100%

                
	
                  6

                	 
      	
                  101%
      - 120%

                
	
                  5

                	 
      	
                  121%
      - 130%

                
	
                  4

                	 
      	
                  131%
      - 140%

                
	
                  3

                	 
      	
                  141%
      - 150%

                
	
                  2

                	 
      	
                  151%
      - 160%

                
	
                  1

                	 
      	
                  161%
      Plus

                


        

         

      

    

    
      	
              5)

            	
              Unbilled
      trade receivables is the amount of unbilled reported per 10Q or 10K
      combining both the long term and current portion of
      unbilled.    Unbilled trade
      receivable balances older than 12/31/07 should be reduced by $2.5 million
      from $3,380,000 as of 12/31/09 to $880,000 by
    12/31/10.

            


    

    


    
      	
              6)

            	
              No
      performance incentive compensation will be payable for achieving the
      health and safety and permit and license violation targets unless a
      minimum of 70% of the net income target is
  achieved.

            


    

     

    Exhibit
10.1-CEO 2010 Incentive Plan


    
      
         


      

      
         


        
          

        

      

      
         


      

    

    


    Performance Incentive
Compensation Payment

    


    Effective
date of plan is January 1, 2010 and incentive will be for entire year.
Performance incentive compensation will be paid on or about 90 days after
year-end, or sooner, based on final 10K financial statement.

    


    ACKNOWLEDGMENT:

    


    I
acknowledge receipt of the aforementioned Chairman, Chief Executive Officer and
President 2010 - Compensation Plan.  I have read and understand and
accept employment under the terms and conditions set forth therein.

    


    
      
        	
                /s/
      Dr. Louis Centofanti

              	 
      	
                3/2/2010

              	 
      
	
                /S/
      Dr. Louis Centofanti

              	 
      	
                Date

              	 
      


      

    

    


    
      
        	
                /s/
      Mark Zwecker

              	 
      	
                3/2/2010

              	 
      
	
                /S/
      Board of Directors

              	 
      	
                Date

              	 
      


      

    

     

    Exhibit
10.1-CEO 2010 Incentive Plan