Summary of Compensation Arrangements With Executive Officers 2009 Fiscal Year

EXHIBIT 10.4

SUMMARY OF COMPENSATION ARRANGEMENTS WITH EXECUTIVE OFFICERS
2009 FISCAL YEAR

          Electro-Sensors, Inc. (the “Company”) currently does not have written employment agreements with its executive officers, who serve as “at-will” employees pursuant to oral arrangements with the Company. For the 2009 fiscal year, the Company’s executive officers were entitled to the base salaries set forth below.

 

 

Executive Officer and Title

2009 Annual Base Salary

Bradley D. Slye

$176,000

Chairman, President, CEO and CFO

 

Peter R. Peterson

$100,000

Secretary

 

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