EXHIBIT 10.1


 


Summary
of Executive Salary and Bonus Arrangements


 


The
table below summarizes the current annual salary and bonus arrangements we have
with each of our current executive officers. All of the compensation
arrangements we have with our executive officers, including with respect to
annual salaries and bonuses, are reviewed and may be modified from time to time
by the Compensation Committee of our Board of Directors. The Compensation
Committee approved the annual salary and bonus arrangements noted in the table
below.


 


We
have written employment arrangements with each of our executive officers, and a
copy of each such employment arrangement has been filed as an exhibit to our
Quarterly Report on Form 10-Q for the period ended March 31, 2008 and
our Annual Report on Form 10-K for the year ended December 31, 2007
filed with the SEC on May 12, 2008 and March 17, 2008, respectively,
as applicable. The non-salary and bonus components of our compensation
arrangements with our executive officers, including with respect to severance,
option grants and other benefits, are described in those respective agreements.
We generally pay bonuses, if any, to our executive officers on a quarterly
basis. Mr. Hayek is paid bonus annually, if any. Certain of our executive
officers participate in the executive bonus plan that was adopted by the
Compensation Committee on February 9, 2005 and amended effective on January 1,
2008, a description of which is filed as Exhibit 10.2 to the accompanying
Quarterly Report on Form 10-Q for the quarter ended June 30, 2008. In
addition to the bonus arrangements noted in the table below, all of our
executive officers are eligible for discretionary bonuses as determined from
time to time by the Compensation Committee.


 


	
  Executive Officer

  	
   

  	
  Annual

  Base Salary

  	
   

  	
  Bonus

  	
   

  
	
  Frank F. Khulusi

  Chairman, President and Chief Executive Officer

  	
   

  	
  $

  	
  800,000

  	
   

  	
  (1)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Brandon H. LaVerne

  Chief Financial Officer, Treasurer and Assistant Secretary

  	
   

  	
  $

  	
  275,000

  	
   

  	
  (1)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Kristin M. Rogers

  Executive Vice President—Sales and Marketing

  	
   

  	
  $

  	
  335,000

  	
   

  	
  (1)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Daniel J. DeVries

  Executive Vice President—Consumer

  	
   

  	
  $

  	
  275,000

  	
   

  	
  (1)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Joseph B. Hayek

  Executive Vice President—Corporate Development and Investor Relations

  	
   

  	
  $

  	
  225,000

  	
   

  	
  (2)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Robert I. Newton

  General Counsel and Secretary

  	
   

  	
  $

  	
  300,000

  	
   

  	
  (3)

  	
   

  



 






(1)      Mr. Khulusi, Mr. LaVerne, Ms. Rogers
and Mr. DeVries are eligible to participate in our executive bonus plan
referenced above.


 


(2)      Mr. Hayek is eligible to receive an annual
discretionary bonus in the initial targeted annual amount of $50,000, which
will be paid annually in accordance with a to be established bonus plan or
program.


 


(3)      Mr. Newton is eligible to receive an annual bonus
of up to $120,000, paid in quarterly installments, as well as discretionary
bonuses as determined from time to time by the Compensation Committee.