Document:

EX-4.75

Exhibit 4.75

Employment Agreement

Gravity Co., Ltd. (hereinafter “the Company”) and (name of the Employee) (hereinafter “the
Employee”) shall agree as follows regarding service of the Employee as a director of Gravity.

Article 1 Objectives

The objective of the Agreement is to determine matters related to compensations and duties of a
director when the Company hires the Employee as its director so that the Employee can display
his/her full capability in order to contribute to continuous growth and development of the Company.

Article 2 Effective Period

	1.	 	The Agreement shall be effective from (month) (date), (year) to
(month) (date), (year).
	 
	2.	 	The Agreement may be terminated even during the effective period when the Employee
prematurely resigns from the employed position due to such reasons as resignation, dismissal
or others. However, matters decided at Article 8 to 9 of the Agreement shall continue to hold
effectiveness even after the expiration or cancellation of the Agreement.

Article 3 Salary

	1.	 	The Company shall pay the Employee KRW (amount in
alphabet)(W(amount in numeric
number)) for the period of the Agreement as specified in Article 2, and the Company shall
not have any other responsibility for monetary compensation to the Employee other than
prescribed in the Agreement.
	 
	2.	 	As the Company and the Employee mutually agree that the Company’s regulations on severance
benefit of the executives shall not be applied to the Employee, the Company shall not provide
the Employee with severance payment (including special gratuity) at the Employee’s resignation
in addition to salaries of the previous clause.
	 
	3.	 	The salary is calculated for the first to last day of the concerned month and be paid on
25th day of the month. When the 25th day of a month coincides with
Saturday or a holiday, the payment shall be made on the last business day prior to 25.
	 
	4.	 	Tax and other dues shall be paid by the Employee, and when the Employee needs to subscribe to
social security insurance (health insurance etc.), the Employee shall pay his/her share of the
premium.
	 
	5.	 	Despite above Clause 1, the board of directors may discuss to increase or decrease the salary
of the Employee, in case of a change in the position or responsibility of the Employee during
the period of the Agreement or according to the level of contribution of the Employee to the
Company.
	 
	6.	 	The Company shall pay the salary to the Employee only when the Agreement is signed (including
a

 

 

	 	 	replacement with a new employment agreement after termination or expiration of the Agreement),
and for the period from the initiation day of the agreement as specified in Article 2.1 to the
day of signing the agreement, the salary amount specified in the Agreement shall be applied
accordingly.

Article 4 Travel Expense

In case when the Employee goes on an overseas business trip for a company’s business, the travel
expenses of the Employee which include transportation and lodging shall be settled on an actual
basis according to the Company’s overseas travel regulations applied to overseas business trip of a
standing director of the Company.

Article 5 Performance Bonus

Payment of performance bonus of the Employee may be determined separately at the board of directors
meeting of the Company.

Article 6 Cancellation

The Company and the Employee may terminate the Agreement with a mutual consensus.

Article 7 Company Regulations

The Employee shall fulfill the responsibilities given by the Company in good faith and honor all
the company regulations and guidelines notified to the Employee. However, the regulations and
guidelines of the Company may be modified when the Company deems such modification to be necessary.

Article 8 Confidentiality

During and after the period of employment, the Employee may not disclose to a third party or use
for personal and other purposes proprietary and/or confidential information, knowhow and other
materials of the Company without the Company’s prior written consent.

Article 9 Intellectual Property Rights

Any and all invention, patent, copyright, idea and any other intellectual property developed by the
Employee in relations to the Company’s business during the period of employment shall belong to the
Company and the Employee shall not exercise any right for the IP.

Article 10 Notification

The Employee shall confirm that the employment documents and their contents submitted to the
Company at the time of employment are fully genuine, and the Company may cancel the employment or
terminate the Agreement if any of the contents is found to be fraudulent. The Employee may notify
the Company of any change to the employment documents and their contents.

Article 11 Others

During the period of employment, the Employee shall observe relevant laws and regulations,
respective clause in the Agreement and the regulations of the Company and serve the responsibility
of a director with the care of a good manager.

 

 

2009

“The Company”

	Name of Company 	 	Gravity Co., Ltd.
	Name of Representative 	 	Co-CEOs, Ohno, Toshiro and Kang, Yoon-seok
	Address 	 	15F Nuritkum Square R&D Tower, 1605 Samgam-dong, Mapo-gu, Seoul, Korea

“The Employee”

Name

Residence ID

Addressexv10w14

Exhibit 10.14

SUMMARY SHEET OF DIRECTOR FEES AND OFFICER COMPENSATION

I. Director Compensation

As compensation for their service as directors of Halifax Corporation (the “Company”), each
non-employee member of the Board of Directors (the “Board”) receives a $1,000 annual fee. Payment
of the annual fee is made at the annual meeting. Additionally, each non-employee member of the
Board receives $100 for each regular Board meeting attended in person, $1 00 for each regular Board
meeting attended telephonically and $100 for each special Board meeting. Directors do not receive
any compensation for attendance of meetings of the committees of the Board. Non-employee directors
are reimbursed for reasonable expenses incurred in connection with attending meetings of the Board
and committees of the Board.

Previously under the Non-employee Directors Stock Option Plan, each non-employee member was granted
options to purchase 5,000 shares of the Company’s common stock on the first of the month following
the date of the annual meeting of shareholders on which the director was initially elected and was
granted options to purchase up to 2,000 shares of common stock on each annual re-election by the
shareholders as a director of the Company. Such options were granted at an exercise price equal to
or greater than the fair market value of the common stock on the date of grant. No further options
may be granted under the Non-employee Directors Stock Option Plan.

 Directors are eligible to receive grants of options or restricted stock under the 2005 Stock
Option and Stock Incentive Plan. These grants are at the discretion of the Compensation and
Employee Benefits Committee. On September 10, 2008, each non-employee director was granted options
to purchase 2,000 shares of common stock at an exercise price of $.66. These options vest over one
and expire ten years from the date of grant. On March 24, 2009, each non-employee director was
granted options to purchase 2,000 shares of common stock at an exercise price of $.32. These
options vest over five years and expire ten years from the date of grant.

II. Executive Compensation

Base Salaries

The following table sets forth current base salaries of the Company’s CEO and each of the executive
officers who are expected to be named in the Summary Compensation Table in the Company’s
incorporated by reference into the annual report on Form 10-K for the year ended March 31, 2009
(the “Named Executive Officers”).

	 	 	 	 	 
	Name	 	Base Salary
	Charles L. McNew
	 	$	224,662	 
	Hugh M. Foley
	 	 	139,347	 
	Joseph Sciacca
	 	 	151,688	 
	Douglas Reece
	 	 	108,363	 

Participation in Employee Benefit and Other Arrangements

The Named Executive Officers are also eligible to

	 	•	 	Exercise outstanding options issued pursuant to 1994 Key Employee Stock Option Plan;
	 
	 	•	 	Participate in the 2005 Stock Option and Stock Incentive Plan;
	 
	 	•	 	Participate in certain group life, health, medical and other non-cash benefits generally
available to all salaried employees;
	 
	 	•	 	Employment severance agreements. These agreements provides severance benefits under
certain circumstances and remain in effect so long as we continue to employ the above named
executives.exv10w34

Exhibit 10.34

May 28, 2009

Halifax Corporation

5250 Cherokee Avenue

Pursuant to a subordination agreement dated July 1, 2008 between Textron Financial Corporation and
the subordinated debt holders, Research Industries, further assigned on June 29, 2005 to the Arch
C. Scurlock Children’s Trust, the maturity date of the remaining principal balance of $500,000 on
the 8% promissory notes plus accrued interest thereon are extended to July 1, 2010.

All other terms and conditions of the notes remain the same.

Dated this 11th day of June 2009

The Arch C. Scurlock Children’s Trust

	 	 	 	 	 	 	 
	/s/ Nancy M. Scurlock
 

Nancy M. Scurlock, Trustee

	 	   
	 	/s/ Arch C. Scurlock Jr.,
 

Arch C. Scurlock, Jr., Trustee
	 	 
	 
	 	 	 	 	 	 
	/s/ Mary Scurlock Adamson
 

Mary Scurlock Adamson, Trustee

	 	   
	 	/s/ John H. Grover
 

John H. Grover Trustee	 	 

 

 

May 28, 2009

Halifax Corporation

5250 Cherokee Avenue

Pursuant to a subordination agreement dated July 1, 2008 between Textron Financial Corporation and
the subordinated debt holders, Research Industries, further assigned on June 29, 2005 to Nancy
Morrison Scurlock, the maturity date of the remaining principal balance of $500,000 on the 8%
promissory notes plus accrued interest thereon are extended to July 1, 2010.

All other terms and conditions of the notes remain the same.

Dated this 11th day of June 2009

	 	 	 	 	 
	/s/ Nancy Morrison Scurlock
 	 	 	 
	Nancy Morrison Scurlock

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]