| Annual      Bonus:      | The      Annual Bonus, if any, shall be paid no later than March 15th      of the calendar year following the end of the calendar year in which the      applicable fiscal year to which such Annual Bonus relates      ends.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
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| Severance:              | Upon      termination of your employment by the Company without cause (not including      death or disability) or if you terminate employment with the Company      because the Company gives you a lesser title, you shall receive one year      of Base Salary payable in accordance with the Company’s payroll practices      and subject to the Delay Period set forth under the Subsection (c) of      the Section titled “Code Section 409A” below.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
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| Code      Section 409A: | (a)             It      is intended that the payments and benefits under the 1997 Letter, as      supplemented by this 2008 Letter (collectively, the “Letters”) be exempt      from, or comply with, Section 409A of Code and the regulations and      guidance promulgated thereunder (collectively “Code Section 409A”), and      all provisions of the Letters shall be construed in a manner consistent      with the requirements under Code Section 409A.  The Company      shall have no liability to you with regard to any failure to comply with      Code Section 409A.  (b)             A      termination of employment shall not be deemed to have occurred for      purposes of any provision of the Letters providing for the payment of any      amounts or benefits upon or following a termination of employment unless      such termination is also a “Separation from Service” within the meaning of      Code Section 409A and, for purposes of any such provision of the Letters,      references to “termination,” “termination of employment” or like terms      shall mean Separation from Service. |
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|   | (c)             Solely      to the extent any payments and/or benefits provided pursuant to the      Letters constitute “deferred compensation” as defined under Code Section      409A, if you are deemed on the date of termination of your employment to      be a “specified employee,” within the meaning of that term under Section      409A(a)(2)(B) of the Code and using the identification methodology      selected by the Company from time to time, or if none, the default      methodology, then any such payment or benefit, to the extent required to      be delayed in compliance with Section 409A(a)(2)(B) of the Code, shall not      be made or provided prior to the earlier of (i) the expiration of the      six-month period measured from the date of your Separation from Service or      (ii) the date of your death (the “Delay Period”).  On the first      day of the seventh month following the date of your Separation from      Service or, if earlier, on the date of your death, all payments delayed      pursuant to this Subsection (c) (whether they would have otherwise      been payable in a single sum or in installments in the absence of such      delay) shall be paid or reimbursed to you in a lump sum, and any remaining      payments and benefits due under the Letters shall be paid or provided in      accordance with the normal payment dates set forth in the      Letters.  Promptly following the expiration of such six-month      period, all compensation suspended pursuant to the foregoing sentence      (whether it would have otherwise been payable in a single sum or in      installments in the absence of such suspension) shall be paid or      reimbursed to you in a lump sum.       (d)             With      regard to any provision in the Letters that provides for reimbursement of      costs and expenses or in-kind benefits, except as permitted by Code      Section 409A, (i) the right to reimbursement or in-kind benefits shall not      be subject to liquidation or exchange for another benefit, (ii) the amount      of expenses eligible for reimbursement, or in-kind benefits, provided      during any taxable year shall not affect the expenses eligible for      reimbursement, or in-kind benefits to be provided, in any other taxable      year, provided, that the foregoing      clause (ii) shall not be violated with regard to expenses reimbursed under      any arrangement covered by Section 105(b) of the Code solely because      such expenses are subject to a limit related to the period the arrangement      is in effect, and (iii) such payments shall be made on or before the last      day of your taxable year following the taxable year in which the expense      was incurred. |
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