Common use of Compensation Package Clause in Contracts

Compensation Package. (a) The Executive's minimum annual salary during the Initial Term shall be $250,000 per annum payable by check in equal bi-weekly installments or in such other periodic installments as may be in accordance with the regular payroll policies of the Company as from time to time in effect, less such deductions or amounts to be withheld as shall be required by applicable law and regulations provided that for each subsequent year during the Term, the minimum salary shall be increased by ten percent (10%). (b) The Executive shall be entitled to participate in family medical/dental insurance, provided that the policy has standard co-insurance and deductible provisions. Should Executive desire to procure supplemental or alternative insurance policy or policies for himself and/or his family, the company will reimburse 75% of the cost thereof. (c) The Executive shall be entitled to four (4) weeks of paid vacation during the first year of the Initial Term and six (6) weeks of paid vacation during any subsequent year of the Term. In the event the Executive elects not to take all or any portion of his vacation, the Company will pay the Executive for each day of vacation not taken an amount of money equal to the quotient of the Executives's then current annual salary divided by 260. (d) The Executive shall participate in all profit sharing plans adopted by the company. Additionally, the Executive shall be entitled to receive an annual incentive bonus of Three Percent (3%) of net sales, defined as Gross Sales less any returns and /or allowances. The annual bonus shall be paid in cash within 30 days after the company files with the SEC its Annual Report on Form 10-K with respect to such year. The incentive bonus shall be pro-rated for partial years. (e) The Company shall provide the Executive with an automobile allowance of $1,500 per month. The Executive shall be responsible for all associated expenses relating to such automobile, including, without limitation, insurance, gas and repairs. (f) The Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by him in the performance of his duties hereunder, including travel and entertainment in accordance with Company policy and upon the presentation by the Executive of an itemized account of such expenditures. (g) The Executive shall be eligible to receive stock option grants under the Company's stock option plans in the discretion of the Company's Board of Directors or option committees under such plans.

Compensation Package. (a) The Executive's minimum annual salary during the Initial Term of this agreement shall be $250,000 per annum 160,000.00 payable by check in equal bi-weekly installments or in such other periodic installments as may be in accordance with the regular payroll policies of the Company as from time to time in effect, less such deductions or amounts to be withheld as shall be required by applicable law and regulations provided that for each subsequent year during the Term, the minimum salary shall be increased by ten percent (10%)regulations. (b) The Executive Executive's annual salary shall be entitled to participate increased by 10% in family medical/dental insurancethe second and third years respectively, provided that the policy has standard co-insurance and deductible provisions. Should Executive desire a bonus is earned pursuant to procure supplemental or alternative insurance policy or policies for himself and/or his family, the company will reimburse 75% Paragraph 3(e) of the cost thereofthis Agreement. (c) The Executive shall be entitled to four (4) weeks of paid vacation during participate in Company provided family medical/dental insurance plans, provided that the first year policy may have standard co-insurance and deductible provisions, and that 25% of the Initial Term and six (6) weeks of paid vacation during any subsequent year cost of the Term. In policy shall be paid by the event the Executive elects not to take all or any portion of his vacation, the Company will pay the Executive for each day of vacation not taken an amount of money equal to the quotient of the Executives's then current annual salary divided by 260Executive. (d) The Executive shall participate in all profit sharing plans adopted by the company. Additionally, the Executive shall be entitled to receive an annual incentive bonus of Three Percent three (3%) weeks of net sales, defined as Gross Sales less paid vacation during any returns and /or allowances. The annual bonus shall be paid in cash within 30 days after year of the company files with the SEC its Annual Report on Form 10-K with respect to such year. The incentive bonus shall be pro-rated for partial yearsTerm. (e) The Executive shall be eligible for an annual bonus at the Polish Subsidiary level only, subject to the limitations of paragraph 3(i) of this Agreement, of 3% of net earnings in accordance with a mutually agreed upon performance criteria to be negotiated in good faith by all parties. (f) The Company shall provide the Executive with an automobile allowance of $1,500 per monthautomobile. The Executive Company shall be responsible for all associated expenses relating to such automobile, including, without limitation, automobile including insurance, gas and repairs. (fg) The Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by him in the performance of his duties hereunder, including travel and entertainment in accordance with Company policy and upon the presentation by the Executive of an itemized account of such expenditures. (gh) The Executive shall be eligible to receive stock option grants under the Company's stock option plans in the discretion of the Company's Board of Directors or option committees under such plans. The Company will recommend to the Board or such committees a grant of a stock option to acquire 800,000 shares of the IFFC's common stock, par value $.01 per share (the "Common Stock"), at an exercise price per share equal to $.66 market price, such options to be exercisable in whole or in part and cumulatively according to the following schedule, provided in each case that the Executive is an employee of the Company on the date of reference: (i) 20 percent 1 year after the effective date; (ii) 60 percent 2 years after the effective date; (iii) 100 percent 3 years after the effective date. In the event that Executive is terminated without cause as defined in paragraph 4(a) of this Agreement pursuant to a sale of at least 51% of either of the Company's subsidiaries known as International Fast Food Polska ("IFFP") or Pizza King Polska ("PKP"), the Executive's Options shall be deemed to be fully vested subject to the closing of such event. In no event shall this Option be exercised 10 years after this Option first becomes exercisable. (i) The Executive shall participate in any management incentive plan approved by the Company and any third party investor in any of the Company's Polish subsidiaries.

Compensation Package. (a) The Executive's minimum annual salary during the first year of the Initial Term shall be $250,000 per annum annum, payable by check in equal bi-weekly installments or in such other periodic installments as may be in accordance with the regular payroll policies of the Company as from time to time in effect, less such deductions or amounts to be withheld as shall be required by applicable law and regulations regulations, provided that for each subsequent year during the Term, the minimum salary shall be increased by ten percent (10%). (b) The Executive shall be entitled to participate in Company provided family medical/dental insuranceinsurance plans, provided that the policy has may have standard co-insurance and deductible provisions. Should Executive desire to procure supplemental or alternative insurance policy or policies for himself and/or his family, the company Company will reimburse 75% of the cost thereof. (c) The Executive shall be entitled to four (4) weeks of paid vacation during the first year of the Initial Term and six (6) 6 weeks of paid vacation during any subsequent year of the Term. In the event the Executive elects not to take all or any portion of his vacation, the Company will pay the Executive for each day of vacation not taken an amount of money equal to the quotient of the ExecutivesExecutive's then current annual salary divided by 260. (d) The Executive shall participate in all profit sharing plans adopted by the companyCompany. Additionally, the Executive shall be entitled to receive an annual incentive bonus of Three Percent (3%) of net sales, defined as Gross Sales less any returns and /or allowancesdetermined by the Board. The annual bonus shall be paid in cash within 30 days after the company Company files with the SEC its Annual Report on Form 10-K with respect to such year. The incentive bonus shall be pro-rated for partial years. (e) The Company shall provide the Executive with an automobile allowance of $1,500 1,250 per month. The Executive shall be responsible for all associated expenses relating to such automobile, including, without limitation, insurance, gas and repairs. (f) The Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by him in the performance of his duties hereunder, including travel and entertainment entertainment, in accordance with Company policy and upon the presentation by the Executive of an itemized account of such expenditures. (g) The Executive shall be eligible to receive stock option grants under the Company's stock option plans in the discretion of the Company's Board board of Directors directors or option committees under such plans.