Access Plans Usa Inc – Summary of Compensation Arrangements With Executive Officers (March 31st, 2006)
Eliseo Ruiz III serves as our Executive Vice President, General Counsel and Secretary. Mr. Ruiz receives a base salary of $175,000 per year and is eligible for participation in our management incentive plan. He has received options to purchase 100,000 shares of our Common Stock. Those options become exercisable in increments of 25,000 shares. The first two increments became exercisable in December 2004 and 2005. The remaining increments become exercisable in December 2006 and 2007.
Access Plans Usa Inc – Asset Purchase Agreement Amongst Precis, Inc. Foresight, Inc. And Benefit Marketing Solutions, Llc Effective December 1, 2005 (December 12th, 2005)
THIS ASSET PURCHASE AGREEMENT, dated to be effective as of December 1, 2005 (this Agreement), is amongst PRECIS, INC., an Oklahoma corporation (Precis), Foresight, Inc., an Oklahoma corporation and wholly-owned subsidiary of Precis (Seller) and Benefit Marketing Solutions, LLC, an Oklahoma limited liability company (Buyer). Collectively, Buyer, Seller and Buyer, shall be referred to as the Parties or individually the Party.
Access Plans Usa Inc – Summary of Compensation Arrangements With Executive Officers (April 18th, 2005)
Coleman Orr serves as the President of our Care Entree division. Mr. Orr receives a base salary of $120,000 per year. We will consider the development of a commission plan for Mr. Orr such that he would receive additional compensation of cash and securities for actual improvements to certain operating metrics.