- 11 - WHEREAS, DONALD HANSON, President of this corporation, MILTON J. CHASIN, Vice President of this corporation, GALE SEARING, Secretary of this corporation, have each contributed in a special degree to the success of this corporation; and WHEREAS, PAUL HARDIE, Estimator, HERMAN AUSLANDER, Field Superintendent, TOM KRAEMER, Assistant Field Superintendent, GEORGE KARSTEN, Shop Superintendent, BILL BUSHEY, Estimator, and LINDA SANDS, Bookkeeper, are also worthy of special recognition; NOW, THEREFORE, BE IT RESOLVED, that the following bonuses be paid by the corporation on or before December 15, 1987: Employee Amount of Bonus Herman Auslander $46,000 Bill Bushey $ 7,200 Paul Hardie $47,000 George Karsten $46,000 Tom Kraemer $25,000 Linda Sands $ 6,000 Officer Amount of Bonus Milton J. Chasin $75,000 Donald Hanson $75,000 Gale Searing $97,000 The resolution for the year in issue required petitioner to pay the bonuses by December 15, 1987. Chasin, Hanson, and Searing could not have been paid the bonuses in the year in issue without the consent of all of them. 3. Payment of the Bonuses in 1987 On September 30, 1987, pursuant to the board's resolution, petitioner debited its payroll expense--officers account by $247,000 for bonuses it declared that year. Chasin recordedPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011