Common use of Compensation Package Clause in Contracts

Compensation Package. (a) The Executive's annual salary during the Term of this agreement shall be $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. (b) The Executive's annual salary shall be increased by 10% in the second and third years respectively, provided a bonus is earned pursuant to Paragraph 3(e) of this Agreement. (c) The Executive shall be entitled to participate in Company provided family medical/dental insurance plans, provided that the policy may have standard co-insurance and deductible provisions, and that 25% of the cost of the policy shall be paid by the Executive. (d) The Executive shall be entitled to three (3) weeks of paid vacation during any year of the Term. (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. The Company shall be responsible for all associated expenses relating to such automobile including insurance, gas and repairs. (g) 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, in accordance with Company policy and upon the presentation by the Executive of an itemized account of such expenditures. (h) 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 annual salary during the Initial Term of this agreement shall be as hereinafter set forth below: July 1, 1997 through June 30, 1998 $ 85,000.00 July 1, 1998 through June 30, 1999 $ 92,500.00 July 1, 1999 through June 30, 2000 $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.100,000.00 (b) The Executive's annual salary shall be increased by 10% in the second and third years respectively, provided a bonus is earned pursuant to Paragraph 3(e) of this Agreement. (c) The Executive shall be entitled to participate in Company provided family medical/dental insurance plans, provided that the policy may have standard co-insurance and deductible provisions, and that 25% of the cost of the policy shall be paid by the Executive.co- (dc) The Executive shall be entitled to three (3) weeks of paid vacation during any year of the Term. (ed) 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 the Company's policy as in effect from time to be negotiated in good faith by all partiestime. (fe) The Company shall provide the Executive with an automobileautomobile allowance of $400.00 per month. The Company Executive shall be responsible for all associated expenses relating to such automobile including automobile, including, without limitation, insurance, gas and repairs. (gf) 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, in accordance with Company policy and upon the presentation by the Executive of an itemized account of such expenditures. (hg) 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 800,000 100,000 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 pricethe current price of the Common Stock on the date of the grant, 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; date (ii) 60 percent 2 years after the effective date; 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. date 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 annual salary during the Initial Term of this agreement shall be $160,000.00 as hereinafter set forth, 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 IFFP, as from time to time in effect, less such deductions or amounts to be withheld as shall be required by applicable law and regulations.: July 1, 1997 through June 30, 1998 $100,000.00 July 1, 1998 through June 30, 1999 $110,000.00 July 1, 1999 through June 30, 2000 $120,000.00 (b) The Executive's annual salary shall be increased by 10% in the second and third years respectively, provided a bonus is earned pursuant to Paragraph 3(e) of this Agreement. (c) The Executive shall be entitled to participate in Company provided family medical/dental insurance plans, provided that the policy may have standard co-insurance and deductible provisions, and that 25% of the cost of the policy shall be paid by the Executive. (dc) The Executive shall be entitled to three (3) weeks of paid vacation during any year of the Term. (ed) 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 the Company's and IFFP's policies as in effect from time to be negotiated in good faith by all partiestime. (fe) The Company IFFP shall provide the Executive with an automobile. The Company shall be responsible for all associated expenses relating automobile to such automobile including insurance, gas and repairsuse in connection with the performance of his duties hereunder. (gf) The Company IFFP shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by him in the performance of his duties hereunder, in accordance with Company policy and upon the presentation by the Executive of an itemized account of such expenditures. (hg) 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 800,000 100,000 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 pricethe current price of the Common Stock on the date of the grant, 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; date (ii) 60 percent 2 years after the effective date; 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. date 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.