Note 13. Related Party Transactions The Company entered into a two-year agreement on May 20, 1997, to employ its current President and Chief Executive Officer. Under the terms of the agreement, the Company agreed to reimburse the officer for legal...

Note 13. Related Party Transactions

         The Company  entered  into a two-year  agreement  on May 20,  1997,  to
employ its current President and Chief Executive Officer. Under the terms of the
agreement,  the  Company  agreed to  reimburse  the  officer  for legal costs in
defending a lawsuit from the officer's former employer. The case was settled and
the cost to the Company was charged to compensation expense in 1997.