EXHIBIT
10.34


 


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 is filed as an exhibit to the accompanying Annual Report
on Form 10-K. 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.
Certain of our executive officers participate in the executive bonus plan that
was adopted by the Compensation Committee on February 9, 2005, as amended
on January 1, 2008, a description of which is filed as Exhibit 10.33
to the accompanying Annual Report on Form 10-K. 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.


 


Additional information
regarding our compensation arrangements with our executive officers will be
included in our definitive Proxy Statement to be filed in connection with our
2009 Annual Meeting of Stockholders.


 


	
  Executive Officer

  	
   

  	
  Annual

  Base Salary

  	
   

  	
  Bonus

  	
   

  
	
  Frank F. Khulusi

  Chairman, President and Chief Executive Officer

  	
   

  	
  $

  	
  807,919

  	
   

  	
   

  	
  (1)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Brandon H. LaVerne

  Chief Financial Officer, Treasurer and Assistant Secretary

  	
   

  	
  $

  	
  279,413

  	
   

  	
   

  	
  (1)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Kristin M. Rogers

  Executive Vice President—Sales and Marketing

  	
   

  	
  $

  	
  339,414

  	
   

  	
   

  	
  (1)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Daniel J. DeVries

  Executive Vice President—Consumer

  	
   

  	
  $

  	
  282,819

  	
   

  	
   

  	
  (1)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Robert I. Newton

  General Counsel and Secretary

  	
   

  	
  $

  	
  304,413

  	
   

  	
   

  	
  (2)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Joseph B. Hayek

  Executive Vice President—Corporate Development and Investor Relations

  	
   

  	
  $

  	
  255,193

  	
   

  	
   

  	
  (3)

  



 






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


 


(2) 
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.


 


(3) 
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.