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Re: SaltyMutt post# 21061

Wednesday, 01/16/2013 12:05:40 PM

Wednesday, January 16, 2013 12:05:40 PM

Post# of 62039
I have shown where it states that J. Rod gets paid $150K annually until the mine goes into production many times now!

Here is what it says for Budman:

2.1. Base Salary.
a. As compensation for his services hereunder and as compensation for his covenant not to compete provided for in Section 4 hereof, Employee shall be paid a base annual compensation initially at the rate of $100,000 per year, which rate of compensation shall be in effect until the Company begins production at the Chloride Copper Mine at which time the rate shall increase to $175,000 per year, which compensation shall be payable monthly in advance.

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