Here is a copy of personal Bio that we found:
| Name: |
Oliver J. Janney |
| Age: |
62 |
Mr. Janney, Executive Vice President, Secretary and General Counsel of the Company, is employed pursuant to an agreement which was amended and restated as of April 25, 1995. The agreement provides for a base salary of $195,500. Mr. Janney's base salary is subject to adjustment annually during the term of the agreement based on changes in the CPI. Pursuant to this provision, Mr. Janney's base salary was increased by 1.5% effective September 1, 2002. Mr. Janney is also entitled to receive a bonus pursuant to the MIP at the end of each fiscal year. Mr. Janney's employment agreement provides for a two-year base term subject to automatic one-year extensions on each anniversary date of the agreement unless such agreement is terminated by either party. In addition, Mr. Janney is entitled to receive his base salary for the balance of the term of the agreement plus an amount equal to one year's salary as severance upon termination of his employment by the Company. Mr. Janney's employment agreement was amended to defer 20% of his base salary from September 15, 2002 until 10 days after the earlier to occur of the consummation of the Company's plan of reorganization or the termination of his employment.
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