Royal Hawaiian Orchards Lp – Royal Hawaiian Resources, Inc. (June 21st, 2013)
This payment will be your sole compensation for your services as interim President. You will also be entitled to reimbursement of reasonable out-of-pocket expenses incurred by you in providing such services upon submission of standard documentation to the Company. For your services as a director of the Company, you will be entitled to continue to receive the standard retainer paid to directors and the fees for director and committee meetings while you serve in such position. You will not be entitled to any other compensation or benefits or be entitled to participate in any of the Companys health, insurance, severance or any other plans or programs. Either you or the Company can elect to terminate this agreement upon 30 days written notice to the other party. This agreement can not be amended or modified except by a writing signed by both of the parties.