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president remained his full-time job.4 Thus, any reduction in
the hours he worked per week for petitioner must be balanced
against his knowledge and experience in the industry and the
valuable services he continued to render to petitioner during its
1990 fiscal year.
In 1989 and 1990, Mr. Martin was instrumental in developing
petitioner's Micro Clean 100 process for producing clean room
labels. The resulting clean room labels were a technologically
innovative, commercially promising, and potentially significantly
profitable new product. Over the short period from early 1990,
when development work on the labels' production process was
completed, through June 30, 1990, petitioner had $32,639 in sales
of the new labels. In June 1990, its directors anticipated the
labels would contribute significantly to petitioner's
profitability and financial success in future years.
However, Mr. Martin's 1990 bonus of $722,913 is almost three
times the size of his prior largest annual bonus of $250,000 for
1988. Indeed, on brief, petitioner acknowledges the 1990 bonus
to be an "unusually high", "extraordinary one time" bonus. The
record further fails to reflect that part of this 1990 fiscal
year compensation was to remedy petitioner's alleged prior
undercompensation of Mr. Martin.
4The parties stipulated that his being petitioner's
president was a "full-time job".
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