Document:

EXHIBIT 10.29

               DESCRIPTION OF DIRECTOR AND NAMED EXECUTIVE OFFICER
                                  COMPENSATION*

         Directors who are or were full-time employees of either the Holding
Company or Finlay Jewelry receive no additional compensation for serving as
members of the Board.

         Directors of the Holding Company and Finlay Jewelry (who are not
current or former employees) each receive an aggregate annual cash retainer of
$25,000 and fees of $1,000 for each Board and committee meeting attended in
person, and $500 for each committee meeting attended by conference call.
Additionally, the Audit Committee chairman receives an aggregate annual fee of
$6,000, while the chairmen of the Compensation and Nominating and Corporate
Governance Committees each receive an aggregate annual fee of $3,000.

      Each eligible director has elected, under the Holding Company's Director
Deferred Compensation and Stock Purchase Plan, to defer 100% of his or her
eligible director fees that would otherwise be paid in cash and receive
restricted stock units (i.e., RSUs). The participant RSUs are awarded and
credited to the participant's account quarterly in an amount based on a formula
which divides the cash amount deferred by the fair market value of a share of
Common Stock on the award date. On each award date, the Holding Company credits
the participant's account with one matching RSU for each participant RSU
purchased by the director. The following non-employee directors own RSUs in the
amounts set forth below:

                              Participant RSUs     Matching RSUs(1)
                              ----------------     ----------------
      Rohit M. Desai               2,527                 2,527
      Norman S. Matthews           2,831                 2,831
      Michael Goldstein            3,134                 3,134
      John D. Kerin                2,527                 2,527
      Richard E. Kroon             2,527                 2,527
      Ellen R. Levine              1,711                 1,711
      Thomas M. Murnane            2,733                 2,733

------------------------------
(1) The matching RSUs include vested and unvested RSUs.

         On April 12, 2005, the Compensation Committees awarded salary increases
ranging from approximately 2.5% to 5.0% to each of the executive officers named
below other than Mr. Reiner. In addition, the Compensation Committees authorized
2004 performance-based bonus awards to each of the following executive officers
in the amounts set forth below:

                        Name                          2004 Bonus
                        ----                          ----------
                  Arthur E. Reiner                    $ 478,782

                  Joseph M. Melvin                      215,556

                  Leslie A. Philip                      225,240

                  Edward J. Stein                       187,444

                  Bruce E. Zurlnick                     145,494

         The executive officers named above are also eligible to receive those
benefits available to all of Finlay Jewelry's senior officers, including
performance-based cash bonuses and restricted stock awards, supplemental
executive medical benefits, company-paid group life insurance (other than for
Mr. Reiner who is entitled to key man life insurance under the terms of his
employment agreement) as well as various other benefits available to all
full-time employees of Finlay Jewelry including, but not limited to, paid
vacation time, participation in the Holding Company's 401(k) plan and short-term
disability benefits.

         *References herein to Holding Company are intended to refer to Finlay
Enterprises, Inc. and references herein to Finlay Jewelry are intended to refer
to Finlay Fine Jewelry Corporation.exv10w1

 

Exhibit 10.1

Summary of 2005 Base Salaries and

April 8, 2005 Stock Option Grants

For Executive Officers

of Bakers Footwear Group, Inc.

The following table sets forth the base salaries as of April 8, 2005 for each of the Company’s
executive officers and the number of options granted to each executive officer as of April 8,
2005.:

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Shares of Common Stock	 
	Name and Principal Position (1)	 	Base Salary	 	 	Underlying Options(2)	 
	 

	Peter A. Edison
	 	$	316,000	 	 	 	25,000	 
	Chairman of the Board and
	 	 	 	 	 	 	 	 
	Chief Executive Officer
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Michele A. Bergerac
	 	$	316,000	 	 	 	20,000	 
	President and Director
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Stanley K. Tusman
	 	$	245,000	 	 	 	20,000	 
	Executive Vice President —
	 	 	 	 	 	 	 	 
	Inventory and Information
	 	 	 	 	 	 	 	 
	Management
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Mark D. Ianni
	 	$	222,500	 	 	 	10,000	 
	Executive Vice President —
	 	 	 	 	 	 	 	 
	General Merchandise Manager
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Joseph R. Vander Pluym
	 	$	217,500	 	 	 	10,000	 
	Executive Vice President —
	 	 	 	 	 	 	 	 
	Stores
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Lawrence L. Spanley, Jr.
	 	$	181,000	 	 	 	10,000	 
	Executive Vice President —
	 	 	 	 	 	 	 	 
	Chief Financial Officer
	 	 	 	 	 	 	 	 
	Treasurer and Secretary
	 	 	 	 	 	 	 	 

(1) Each of the executive officers is a party to a written employment agreement with the Company
and may be a party to other compensation arrangements with the Company that have been filed as
exhibits to the Company’s Annual Report on Form 10-K or in other filings with the Securities and
Exchange Commission. Bonuses under the Bakers Footwear Group, Inc. Cash Bonus Plan are determined
by the Company’s Compensation Committee. The Company’s executive officers are also eligible to
participate in the Bakers Footwear Group, Inc. 2003 Stock Option Plan, receive matching employer
contributions to the Company’s 401(k) plan, participate in other employee benefit plans and receive
other forms of compensation. The Company also pays premiums on a life insurance policy solely for
the benefit of Mr. Tusman.

(2) Each of the options was issued pursuant to the Bakers Footwear Group, Inc. 2003 Stock Bonus
Plan with the following terms. Each of the options vests in five equal annual installments
beginning April 8,2006. All such options expire ten years from the date of grant. Each of the
options has an exercise price of $11.34 per share.exv10w1

 

Exhibit 10.1

VISKASE COMPANIES, INC.

FORM OF STOCK OPTION AGREEMENT

     THIS STOCK OPTION AGREEMENT (the “Agreement”) is made by and between Viskase Companies, Inc.,
a Delaware corporation (the “Company”), and [Name], an officer or employee of the Company or a
subsidiary of the Company (the “Participant”) effective as of January 13, 2005.

     In consideration of the mutual covenants herein contained and other good and valuable
consideration, receipt of which is hereby acknowledged, the Company and the Participant hereby
agree as follows:

     1. Grant of Option. The Company hereby irrevocably grants to the Participant the
option (the “Option”) to purchase [Total Shares] shares (the “Option Shares”) of common stock, par
value $.01 per share, of the Company (the “Common Stock”). This Option is granted pursuant to and
is subject to the terms and conditions of the Viskase Companies, Inc. 2005 Stock Option Plan (the
“Plan”). A copy of the Plan is attached as an exhibit hereto and the terms and conditions thereof
are incorporated herein by this reference and are expressly made part of this Agreement. All terms
used herein and defined in the Plan shall, unless otherwise defined herein, have the same means
herein as they have in the Plan. The Option granted hereby is non-transferable except as otherwise
permitted under the Plan.

     2. Option Price. The Option price (the “Option Price”) with respect to the Option
Shares shall be $2.90 per share without commission or other charge.

     3. Exercisability. This Option shall become exercisable as follows:

	 	 	 
	 	 	Cumulative Number of Option Shares
	Date Option Becomes Exercisable	 	as to Which Option is Exercisable
	January 13, 2006

	 	33-1/3% or [One-Third] Shares
	January 13, 2007

	 	66-2/3% or [Two-Thirds] Shares
	January 13, 2008

	 	100% or [Total Shares]
	

	 	 
	Total

	 	100% or [Total Shares]

     The effects upon the Option by reason of the Participant’s termination of employment with the
Company or any of its subsidiaries due to death, Retirement, Cause or Disability are provided for
in Section 6(e) of the Plan.

     4. Term. This Option shall expire on and not be exercisable after January 13, 2015.

     5. Manner of Exercise. This Option may be exercised solely by written notice to the
Chief Financial Officer of the Company at least three (3) business days in advance of such exercise
and by full payment of the purchase price in accordance with Section 6(c) of the Plan for the
Option Shares with respect to which Option or portion thereof is exercised, together with payment
or arrangement for payment of any Federal Income or other tax required to be withheld by the
Company with respect to such Common Stock and such other documents as may be requested by the
Company pursuant to the Plan.

     The Company may postpone the time of delivery of certificate for Common Stock for such
additional time as may be necessary to comply with the listing requirements of any securities
exchange upon which the Common Stock of the Company listed, or the requirements of the Securities
Act of 1933 or the Securities Exchange Act of 1934 or any rules or regulations of the Securities
and Exchange Commission promulgated thereunder or the requirements of applicable state laws
relating to the authorization, issuance or sale of securities.

     6. Modification and Waiver. Except as expressly provided in the Plan, neither this
Agreement nor any provision hereof can be changed, modified, amended, discharged, terminated or
waived orally or by any course of dealing or purported course of dealing, but only by an agreement
in writing signed by the Participant and the Company. No such agreement shall extend to or affect
any provision of this Agreement not expressly changed, modified, amended, discharged, terminated or
waived or impair any right consequent on such provision. The waiver

 

 

of or failure to enforce any breach of this Agreement shall not be deemed to be a waiver or
acquiescence in any other breach thereof.

     7. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of Illinois.

     8. Participant Acknowledgment. The Participant hereby acknowledges receipt of a copy
of the Plan.

     IN WITNESS WHEREOF, Viskase Companies, Inc. has caused this Agreement to be duly executed by
its duly authorized officer and said Participant has hereunto signed this Agreement on his own
behalf, as of the day and year first above written.

	 	 	 	 	 
	 
	 	VISKASE COMPANIES, INC.
	 
	 	 	 	 
	

	 	By	 	 
	

	 	 	 	 
	

	 	 	 	Title:
	 
	 	 	 	 
	 
	 	 	 	 
	 
	 	 
	 
	 	[Name], Participant

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