Assuming Employment Agreement went into effect 12/15/2007.

$ 250,000.00 per year

26 pay periods
$
$
$
$
$
$

9,615.38 12/15/07 - 5/15/09

5,192.31 8/29/07 - 11/14/08
4,090.35 11/15/08 - 4/3/09
4,292.16 4/17/2009
4,245.60
5/1/2009
4,245.60 5/15/2009

24
10
1
2
2
39

$
$
$
$
$

4,423.07
5,525.03
5,323.22
5,369.78
9,615.38

$
$
$
$
$
$

106,153.68
55,250.30
5,323.22
10,739.56
19,230.76
196,697.52

37 pay periods
33 pay periods
10
1
1
1

9,615.38

should have been paid

actuals

Shorted pay
12/15/07 - 11/14/08
11/15/08 - 4/3/09
4/4/09 - 4/17/09
4/18/09 - 5/15/09
Unused and untaken paid vacation

Date
12/28/07
1/11/08
1/25/08
2/8/08
2/22/08
3/7/08
3/21/08
4/4/08
4/18/08
5/2/08
5/16/08
5/30/08
6/13/08
6/27/08
7/11/08
7/25/08
8/8/08
8/22/08
9/5/08
9/19/08
10/3/08
10/17/08
10/31/08
11/14/08
11/28/08
12/12/08
12/26/08
1/9/09
1/23/09
2/6/09
2/20/09
3/6/09
3/20/09
4/3/09
4/17/09
5/1/09
5/15/09
5/29/09
6/12/09

Shortfall (including
Paid benefits and taxes)
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
5,192.31
4,090.35
4,090.35
4,090.35
4,090.35
4,090.35
4,090.35
4,090.35
4,090.35
4,090.35
4,090.35
4,090.35
4,090.35
4,090.35
0.00
0.00

4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
4,449.85
6,019.31
6,019.31
6,019.31
6,019.31
6,019.31
6,019.31
6,019.31
6,019.31
6,019.31
6,019.31
6,019.31
6,019.31
6,019.31
10,098.87
10,098.87

Interest Rate
(LIBOR 1 yr + 4%)
7.97
7.51
7.16
6.81
6.66
6.51
6.66
6.80
6.91
7.03
7.11
7.18
7.41
7.35
7.29
7.26
7.24
7.29
7.34
7.58
7.82
7.22
7.08
6.84
6.62
6.41
6.15
5.90
5.98
6.06
6.09
6.12
6.03
5.94
5.89
5.83
5.78

Interest on
Accumlated
Shortfall

Accumulated
Shortfall

0.00
27.85
53.28
76.26
99.71
122.14
150.22
179.56
209.21
239.89
270.67
301.56
340.45
366.90
393.01
421.02
449.02
481.84
515.27
563.73
614.53
597.18
615.97
624.10
632.16
646.78
655.63
661.73
703.62
746.57
785.03
824.07
846.15
867.30
893.25
918.72
943.69
0.00
0.00

4,449.85
8,927.54
13,430.66
17,956.77
22,506.33
27,078.31
31,678.38
36,307.79
40,966.84
45,656.58
50,377.10
55,128.51
59,918.80
64,735.54
69,578.40
74,449.27
79,348.13
84,279.82
89,244.93
94,258.51
99,322.89
104,369.92
109,435.73
114,509.68
121,161.15
127,827.24
134,502.17
141,183.21
147,906.14
154,672.01
161,476.36
168,319.73
175,185.19
182,071.80
188,984.37
195,922.40
202,885.40
212,984.27
223,083.14

Date

Interest Rate
(LIBOR 1 yr + 4%)
4.43
3.97
3.51
3.16
2.81
2.66
2.51
2.66
2.80
2.91
3.03
3.11
3.18
3.41
3.35
3.29
3.26
3.24
3.29
3.34
3.58
3.82
3.22
3.08
2.84
2.62
2.41
2.15
1.90
1.98
2.06
2.09
2.12
2.03
1.94
1.89
1.83
1.78
0.00
0.00

1-Year

LIBOR
Dec-07

4.4305

Jan-08

3.5091

Feb-08

2.814

Mar-08

2.5124

Apr-08

2.8019

May-08

3.027

Jun-08

3.4106

Jul-08

3.2852

Aug-08

3.2374

Sep-08

3.3365

Oct-08

3.8236

Nov-08

2.8435

Dec-08

2.4058

Jan-09

1.9038

Feb-09

2.0571

Mar-09

2.124

Apr-09

1.9409

1.78