Common use of Compensation of Employee Clause in Contracts

Compensation of Employee. The Corporation shall pay the Employee for all services to be performed under this Agreement as follows: 1. Effective as of the date of this Agreement, the Corporation will pay Employee an annual base salary of $400,000.00. Compensation shall be payable in equal monthly installments or more frequently if compensation is generally paid more frequently to other executive officers of the Corporation. Increases in the annual base compensation shall be considered annually by the Board of Directors for the Corporation and the Employee's compensation shall be subject to upward adjustment from time to time as determined by the Board of Directors of the Corporation. Increases in the Employee's compensation will be paid in conformity with the Corporation's practice for payment of other executive officers of the Corporation as such practice may be established or modified from time to time. The Employee's compensation may not be reduced. 2. The Corporation will pay the Employee bonuses consistent with standard practices of the Corporation in paying bonuses to other executive officers of the Corporation. 3. The Corporation will provide Employee employee benefits, such as group health insurance, including employee medical plan benefits, long term disability, accidental death and dismemberment, life insurance, the use of a company provided vehicle, a company provided cellular telephone and all expenses associated therewith, participation in retirement plans, profit sharing plans, 401 K plans, savings plans and all other fringe benefits upon the same terms as are or shall be granted or made available by the Corporation to its other executive officers. 4. The Employee is expected and encouraged from time to time to incur expenses for the promotion of the business of the Corporation. The Corporation shall timely reimburse the Employee for all reasonable and necessary expenses and disbursements incurred by Employee in the performance of his duties in keeping with past practices. The Employee shall, from time to time, but not more frequently than weekly, submit a report to the Vice President- Finance and Treasurer (or his designee) of the Corporation in a form with such detail as will constitute a proper record for tax deductible expenses together with necessary vouchers and receipts therefore. Expenses of a type which are typically reimbursed to other executive officers of the Corporation shall be timely paid or reimbursed by the Corporation.

Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for all his services hereunder, in monthly installments during the Term, the sum of $12,000 (the “Annual Base Salary”), less such deductions as shall be required to be performed under this Agreement as follows:withheld by applicable law and regulations and monthly advances against the salary. The Corporation shall review the Base Salary on an annual basis and has the right, but not the obligation, to increase it but such salary shall not be decreased during the Term. 1. Effective as of (b) In addition to the date of this AgreementBase Salary set forth in Section 4(a), the Corporation will pay Employee shall be entitled to receive (i) an annual base salary cash bonus if the Corporation meets or exceeds criteria adopted by the Compensation Committee of $400,000.00. Compensation shall be payable in equal monthly installments or more frequently if compensation is generally paid more frequently to other executive officers of the Corporation. Increases in the annual base compensation shall be considered annually by the Board of Directors (the “Compensation Committee”) for the Corporation and the Employee's compensation earning bonuses which criteria shall be subject to upward adjustment from time to time as determined adopted by the Board of Directors of the CorporationCompensation Committee annually. Increases in the Employee's compensation will Bonuses shall be paid in conformity with the Corporation's practice for payment of other executive officers of the Corporation as such practice may be established or modified from time to time. The Employee's compensation may not be reduced. 2. The Corporation will pay the Employee bonuses consistent with standard practices of the Corporation in paying bonuses to other executive officers of the Corporation. 3. The Corporation will provide Employee employee benefits, such as group health insurance, including employee medical plan benefits, long term disability, accidental death and dismemberment, life insurance, the use of a company provided vehicle, a company provided cellular telephone and all expenses associated therewith, participation in retirement plans, profit sharing plans, 401 K plans, savings plans and all other fringe benefits upon the same terms as are or shall be granted or made available by the Corporation to its other executive officers. 4. The the Employee is expected and encouraged from time to time to incur expenses for promptly after determination that the promotion relevant targets have been met, it being understood that the attainment of any financial targets associated with any bonus shall not be determined until following the completion of the business Corporation’s annual audit and public announcement of such results and bonuses shall be paid promptly following the Corporation’s announcement of earnings; and (ii) the Employee shall receive a Restricted Stock Award (the “RSA”) of $3,000,000.00 of the Corporation’s stock (the number of shares to be determined by dividing $3,000,000 by the public offering price of the Corporation’s Common Stock in its Nasdaq uplisting firm commitment offering). Vesting of the RSA shall occur as follows; the first third shall vest on the last day of Employee’s first full year of employment by the Corporation; the second third shall vest on the last day of Employee’s second full year of employment by the Corporation; and the last third shall vest on the last day of Employee’s third full year of employment by the Corporation. The Corporation at its sole expense shall timely reimburse make provision for the registration of the reoffer and resale by Employee of the securities granted to Employee pursuant to the RSA. Notwithstanding anything in this Agreement to the contrary, if Employee’s employment is terminated for any reason at any time by the Corporation prior to the full vesting of the RSA the without Cause (as that term is defined below), the Employee for shall vest in and receive all reasonable right, title and necessary expenses and disbursements incurred by interest in the balance of the securities granted to him in the RSA. In addition, the Corporation will cooperate with the employee to find the most tax advantageous manner to the Employee in transferring the performance of his duties in keeping with past practices. The Employee shall, from time to time, but not more frequently than weekly, submit a report to the Vice President- Finance and Treasurer (or his designee) of the Corporation in a form with such detail as will constitute a proper record for tax deductible expenses together with necessary vouchers and receipts therefore. Expenses of a type which are typically reimbursed to other executive officers of the Corporation shall be timely paid or reimbursed by the Corporationstock.

Compensation of Employee. The Corporation shall pay the 4.1 Employee for all services to will be performed under this Agreement as follows: 1. Effective as of the date of this Agreement, the Corporation will pay Employee paid an annual starting salary of Two hundred and seventy thousand Dollars ($270,000) payable 1/12 per month as a base salary of $400,000.00for his services. Compensation The salary may be adjusted upward by the Board at their discretion. Employee shall be payable paid the foregoing gross monthly salary not later than the last day of each month in equal monthly installments which incurred, or more frequently if compensation is generally paid more frequently to other executive officers of as the Corporation. Increases in the annual base compensation shall be considered annually by the Board of Directors for the Corporation and the Employee's compensation shall be Company may determine, but subject to upward adjustment standard deductions for mandatory payroll taxes, social security and other governmentally imposed deductions or withholdings from time to time wages, such as determined by the Board of Directors of the CorporationMedicaid and unemployment insurance. Increases in the Employee's compensation will be paid in conformity Initials: ______ ______ 4.2 In accordance with the Corporation's practice for payment of other executive officers of the Corporation as such practice may be Company’s policies, established or modified from time to time. The Employee's compensation may not be reduced. 2. The Corporation , Profire Energy will pay the Employee bonuses consistent with standard practices of the Corporation in paying bonuses to other executive officers of the Corporation. 3. The Corporation will provide Employee employee benefits, such as group health insurance, including employee medical plan benefits, long term disability, accidental death and dismemberment, life insurance, the use of a company provided vehicle, a company provided cellular telephone and all expenses associated therewith, participation in retirement plans, profit sharing plans, 401 K plans, savings plans and all other fringe benefits upon the same terms as are or shall be granted or made available by the Corporation to its other executive officers. 4. The Employee is expected and encouraged from time to time to incur expenses for the promotion of the business of the Corporation. The Corporation shall timely reimburse the Employee for all reasonable and necessary out-of-pocket expenses and disbursements incurred by Employee him in the performance of his duties in keeping with past practicesunder this Agreement, but subject to the presentment of appropriate vouchers or receipts. These expenses are limited to reimbursement for phone, business travel, business meals, lodging when traveling on Company business and ground transportation, including rental vehicles when traveling on Company business. The board may consider other expenses any time on a discretionary basis. Employee shall, from time will also be entitled to time, but not more frequently than weekly, submit a report monthly spending allowance of $2,000 as an added benefit to the Vice President- Finance position. This allowance will be paid out as salary compensation. This amount could be used for any personal expense by the Employee. Any amounts used will be considered compensation. 4.3 Employee acknowledges that the Company does not presently have any stock option awards as a result of this agreement for the employee. 4.4 Employee shall have all medical and Treasurer (or his designee) dental insurance premiums paid by the company. 4.5 In the event of the Corporation in a form with such detail termination as will constitute a proper record for tax deductible expenses together with necessary vouchers and receipts therefore. Expenses of a type which are typically reimbursed to other executive officers of the Corporation provided by this Agreement, Employee shall be timely paid all earned compensations through the effective date of termination promptly by Profire Energy and in accordance with the terms of this Agreement. 4.6 Employee will have a vehicle allowance in the amount of $1,200 per month. This amount will be added to employee’s monthly check and used at his discretion to purchase or reimbursed by the Corporationlease a vehicle. 4.7 Employee will have 4 weeks of paid vacation or leave time per year. 4.8 The Board of directors will consider on a year- end annual basis a cash bonus based on performance.

Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for all his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $250,000 per annum (the “Base Salary”), less such deductions as shall be required to be performed under this Agreement as follows:withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and has the right but not the obligation to increase it, but has no right to decrease the Base Salary. 1. Effective as of (b) In addition to the date of this AgreementBase Salary set forth in Section 4(a) above, the Corporation will pay Employee shall be entitled to receive an annual base salary of $400,000.00. Compensation shall cash bonus in an amount to be payable in equal monthly installments or more frequently if compensation is generally paid more frequently to other executive officers of the Corporation. Increases in the annual base compensation shall be considered annually by the Board of Directors for the Corporation and the Employee's compensation shall be subject to upward adjustment from time to time as determined by the Board of Directors of the CorporationCorporation (the “Board”), to the extent that for that year, objectives to be mutually agreed upon between the Employee and the Chief Operating Officer (“Objectives”) are achieved. Increases in To the extent these Objectives are achieved and the Corporation achieves its profitability projections the targeted bonus shall be 50% of the Employee's compensation will be paid in conformity with the Corporation's practice for payment of other executive officers of the Corporation as such practice may be established or modified from time to time. The Employee's compensation may not be reduced’s Base Salary. 2. The Corporation will pay the Employee bonuses consistent with standard practices of the Corporation in paying bonuses to other executive officers of the Corporation. 3. The Corporation will provide Employee employee benefits, such as group health insurance, including employee medical plan benefits, long term disability, accidental death and dismemberment, life insurance, the use of a company provided vehicle, a company provided cellular telephone and all expenses associated therewith, participation in retirement plans, profit sharing plans, 401 K plans, savings plans and all other fringe benefits upon the same terms as are or shall be granted or made available by the Corporation to its other executive officers. 4. The Employee is expected and encouraged from time to time to incur expenses for the promotion of the business of the Corporation. (c) The Corporation shall timely pay or reimburse the Employee for all reasonable and necessary out-of-pocket expenses and disbursements actually incurred or paid by the Employee in the performance course of his duties in keeping employment, consistent with past practices. The Employee shall, the Corporation’s policy for reimbursement of expenses from time to time. (d) The Employee shall be entitled to participate in such pension, but not more frequently than weeklyprofit sharing, submit a report group insurance, hospitalization, and group health and benefit plans and all other benefits and plans, including perquisites, if any, as the Corporation provides to its employees. (e) In addition to the Vice President- Finance Base Salary and Treasurer (or his designee) the bonus compensation, the Employee shall receive options to purchase 300,000 shares of the Corporation in a form Corporation’s Common Stock. The option agreement with respect to such detail as will constitute a proper record options shall provide for tax deductible expenses together with necessary vouchers such options to vest thirty-three and receipts therefore. Expenses of a type which are typically reimbursed to other executive officers one-third percent (331/3 %) on each anniversary of the Corporation shall date hereof. The exercise price per share for such options will be timely paid or reimbursed by the Corporation$1.00 per share, subject to adjustment for dividends, splits, reclassifications and similar transactions.

Compensation of Employee. The Corporation shall pay the 4.1 Employee for all services to will be performed under this Agreement as follows: 1. Effective as of the date of this Agreement, the Corporation will pay Employee paid an annual starting salary of Two hundred and forty thousand Dollars ($240,000) payable 1/12 per month as a base salary of $400,000.00for his services. Compensation The salary may be adjusted upward by the Board at their discretion. Employee shall be payable paid the foregoing salary not later than the last day of each month in equal monthly installments which incurred, or more frequently if compensation is generally paid more frequently to other executive officers of as the Corporation. Increases in the annual base compensation shall be considered annually by the Board of Directors for the Corporation and the Employee's compensation shall be Company may determine, but subject to upward adjustment standard deductions for mandatory payroll taxes, social security and other governmentally imposed deductions or withholdings from time to time wages, such as determined by the Board of Directors of the Corporation. Increases in the Employee's compensation will be paid in conformity Medicaid and unemployment insurance 4.2 In accordance with the Corporation's practice for payment of other executive officers of the Corporation as such practice may be Company’s policies, established or modified from time to time. The Employee's compensation may not be reduced. 2. The Corporation , Profire Energy will pay the Employee bonuses consistent with standard practices of the Corporation in paying bonuses to other executive officers of the Corporation. 3. The Corporation will provide Employee employee benefits, such as group health insurance, including employee medical plan benefits, long term disability, accidental death and dismemberment, life insurance, the use of a company provided vehicle, a company provided cellular telephone and all expenses associated therewith, participation in retirement plans, profit sharing plans, 401 K plans, savings plans and all other fringe benefits upon the same terms as are or shall be granted or made available by the Corporation to its other executive officers. 4. The Employee is expected and encouraged from time to time to incur expenses for the promotion of the business of the Corporation. The Corporation shall timely reimburse the Employee for all reasonable and necessary out-of-pocket expenses and disbursements incurred by Employee him in the performance of his duties in keeping with past practicesunder this Agreement, but subject to the presentment of appropriate vouchers or receipts. These expenses are limited to reimbursement for phone, business travel, business meals, lodging when traveling on Company business and ground transportation, including rental vehicles when traveling on Company business. The board may consider other expenses any time on a discretionary basis. Employee shall, from time will also be entitled to time, but not more frequently than weekly, submit a report monthly perk allowance of $2,000 as an added benefit to the Vice President- Finance position. This allowance will be paid out as salary compemsation. This amount could be used for any personal expense by the Employee. Any amounts used will be considered compensation. 4.3 Employee acknowledges that the Company does not presently have any stock option awards as a result of this agreement for the employee. 4.4 Employee shall have all medical and Treasurer (or his designee) dental insurance premiums paid by the company. Initials: ______ ______ 4.5 In the event of the Corporation in a form with such detail termination as will constitute a proper record for tax deductible expenses together with necessary vouchers and receipts therefore. Expenses of a type which are typically reimbursed to other executive officers of the Corporation provided by this Agreement, Employee shall be timely paid all earned compensations through the effective date of termination promptly by Profire Energy and in accordance with the terms of this Agreement. 4.6 Employee will have a vehicle allowance in the amount of $1,200 per month. This amount will be added to employee’s monthly check and used at his discretion to purchase or reimbursed by the Corporationlease a vehicle. 4.7 Employee will have 4 weeks of paid vacation or leave time per year. 4.8 The Board of directors will consider on a year- end annual basis a cash bonus based on performance.

Compensation of Employee. (a) The Corporation shall pay the Employee as compensation for all his services hereunder, in monthly installments during the Term, the sum of $350,000 (the “Annual Base Salary”), less such deductions as shall be required to be performed under this Agreement as follows:withheld by applicable law and regulations and monthly advances against the salary. The Corporation shall review the Base Salary on an annual basis and has the right, but not the obligation, to increase it but such salary shall not be decreased during the Term. 1. Effective as of (b) In addition to the date of this AgreementBase Salary set forth in Section 4(a), the Corporation will pay Employee shall be entitled to receive (i) an annual base salary cash bonus if the Corporation meets or exceeds criteria adopted by the Compensation Committee of $400,000.00. Compensation shall be payable in equal monthly installments or more frequently if compensation is generally paid more frequently to other executive officers of the Corporation. Increases in the annual base compensation shall be considered annually by the Board of Directors (the “Compensation Committee”) for the Corporation and the Employee's compensation earning bonuses which criteria shall be subject to upward adjustment from time to time as determined adopted by the Board of Directors of the CorporationCompensation Committee annually. Increases in the Employee's compensation will Bonuses shall be paid in conformity with the Corporation's practice for payment of other executive officers of the Corporation as such practice may be established or modified from time to time. The Employee's compensation may not be reduced. 2. The Corporation will pay the Employee bonuses consistent with standard practices of the Corporation in paying bonuses to other executive officers of the Corporation. 3. The Corporation will provide Employee employee benefits, such as group health insurance, including employee medical plan benefits, long term disability, accidental death and dismemberment, life insurance, the use of a company provided vehicle, a company provided cellular telephone and all expenses associated therewith, participation in retirement plans, profit sharing plans, 401 K plans, savings plans and all other fringe benefits upon the same terms as are or shall be granted or made available by the Corporation to its other executive officers. 4. The the Employee is expected and encouraged from time to time to incur expenses for promptly after determination that the promotion relevant targets have been met, it being understood that the attainment of any financial targets associated with any bonus shall not be determined until following the completion of the business Corporation’s annual audit and public announcement of such results and bonuses shall be paid promptly following the Corporation’s announcement of earnings; and (ii) the Employee shall receive a Restricted Stock Award (the “RSA”) of $3,000,000.00 of the Corporation’s stock (the number of shares to be determined by dividing $3,000,000 by the public offering price of the Corporation’s Common Stock in its Nasdaq uplisting firm commitment offering). Vesting of the RSA shall occur as follows; the first third shall vest on the last day of Employee’s first full year of employment by the Corporation; the second third shall vest on the last day of Employee’s second full year of employment by the Corporation; and the last third shall vest on the last day of Employee’s third full year of employment by the Corporation. The Corporation at its sole expense shall timely reimburse make provision for the registration of the reoffer and resale by Employee of the securities granted to Employee pursuant to the RSA. Notwithstanding anything in this Agreement to the contrary, if Employee’s employment is terminated for any reason at any time by the Corporation prior to the full vesting of the RSA the without Cause (as that term is defined below), the Employee for shall vest in and receive all reasonable right, title and necessary expenses and disbursements incurred by interest in the balance of the securities granted to him in the RSA. In addition, the Corporation will cooperate with the employee to find the most tax advantageous manner to the Employee in transferring the performance of his duties in keeping with past practices. The Employee shall, from time to time, but not more frequently than weekly, submit a report to the Vice President- Finance and Treasurer (or his designee) of the Corporation in a form with such detail as will constitute a proper record for tax deductible expenses together with necessary vouchers and receipts therefore. Expenses of a type which are typically reimbursed to other executive officers of the Corporation shall be timely paid or reimbursed by the Corporationstock.

Compensation of Employee. 4.1 Employee will be paid a gross annual starting salary of Two hundred and seventy thousand Dollars ($270,000) payable 1/12 per month as a base salary for his services. The Corporation salary may be adjusted upward by the board at their discretion. Employee shall be paid not later than the last day of each month, or more frequently as the Company may determine, but subject to standard deductions for mandatory payroll taxes, social security and other governmentally imposed deductions or withholdings from wages, such as Medicaid and unemployment insurance 4.2 In accordance with the Company’s policies, established from time to time, Profire Energy will pay the or reimburse Employee for all services to be performed reasonable and necessary out-of-pocket expenses incurred by him in the performance of his duties under this Agreement Agreement, but subject to the presentment of appropriate vouchers or receipts. These expenses are limited to reimbursement for phone, business travel, business meals, lodging when traveling on Company business and ground transportation, including rental vehicles when traveling on Company business. The board may consider other expenses any time on a discretionary basis. The Employee will also be entitled to a monthly spending allowance of $2,000 as follows:an added benefit to the position. This allowance will be paid out as salary compensation. This amount could be used for any personal expense by the Employee. Any amounts used will be considered compensation. 1. Effective 4.3 Employee acknowledges that as of the date of this Agreement, he is not entitled to any stock option or other equity incentive grant or award for services rendered to the Corporation will pay Employee an annual base salary Company to the date of $400,000.00. Compensation shall be payable this Agreement and nothing in equal monthly installments this Agreement obligates the Company to make any such grant or more frequently if compensation is generally paid more frequently award to other executive officers of the Corporation. Increases in the annual base compensation shall be considered annually by the Board of Directors for the Corporation and the Employee's compensation shall be subject to upward adjustment from time to time as determined by the Board of Directors of the Corporation. Increases in the Employee's compensation will be paid in conformity with the Corporation's practice for payment of other executive officers of the Corporation as such practice may be established or modified from time to time. The Employee's compensation may not be reduced. 2. The Corporation will pay the Employee bonuses consistent with standard practices of the Corporation in paying bonuses to other executive officers of the Corporation. 3. The Corporation will provide Employee employee benefits, such as group health insurance, including employee medical plan benefits, long term disability, accidental death and dismemberment, life insurance, the use of a company provided vehicle, a company provided cellular telephone and all expenses associated therewith, participation in retirement plans, profit sharing plans, 401 K plans, savings plans and all other fringe benefits upon the same terms as are or shall be granted or made available by the Corporation to its other executive officers. 4. The Employee is expected and encouraged from time to time to incur expenses for the promotion of the business of the Corporation. The Corporation shall timely reimburse the Employee for all reasonable and necessary expenses and disbursements incurred by Employee in the performance future. Any such future grants will be a function of his duties board of director resolution. 4.4 Employee shall have all medical and dental insurance premiums paid by the company. Initials: ______ ______ 4.5 In the event of termination as provided by this Agreement, Employee shall be paid all earned compensation through the effective date of termination promptly by Profire Energy and in keeping accordance with past practices. the terms of this Agreement. 4.6 The Employee shall, from time to time, but not more frequently than weekly, submit will have a report vehicle allowance in the amount of $1,200 per month. This amount will be added to the Vice President- Finance Employee’s monthly check and Treasurer (used at his discretion to purchase or his designee) lease a vehicle. 4.7 The Employee will have 4 weeks of the Corporation in paid vacation or leave time per year. 4.8 The board of directors will consider on a form with such detail as will constitute year- end annual basis a proper record for tax deductible expenses together with necessary vouchers and receipts therefore. Expenses of a type which are typically reimbursed to other executive officers of the Corporation shall be timely paid or reimbursed by the Corporationcash bonus based on performance.

Compensation of Employee. The Corporation shall pay the 4.1 Employee for all services to will be performed under this Agreement as follows: 1. Effective as of the date of this Agreement, the Corporation will pay Employee paid an annual base starting salary of One hundred ninety thousand Dollars ($400,000.00190,000) payable on a bi-weekly pay schedule paid evenly over a term of twelve (12) months. Compensation shall The salary may be payable in equal monthly installments or more frequently if compensation is generally paid more frequently to other executive officers of the Corporation. Increases in the annual base compensation shall be considered annually adjusted upward by the Board of Directors for the Corporation and the Employee's compensation at their discretion. Salary shall be subject to upward adjustment from time to time applicable withholdings and deductions as determined required by the Board of Directors of the Corporation. Increases in the Employee's compensation will be paid in conformity law. 4.2 In accordance with the Corporation's practice for payment of other executive officers of the Corporation as such practice may be Company’s policies, established or modified from time to time. The Employee's compensation may not be reduced. 2. The Corporation , Profire Energy will pay the Employee bonuses consistent with standard practices of the Corporation in paying bonuses to other executive officers of the Corporation. 3. The Corporation will provide Employee employee benefits, such as group health insurance, including employee medical plan benefits, long term disability, accidental death and dismemberment, life insurance, the use of a company provided vehicle, a company provided cellular telephone and all expenses associated therewith, participation in retirement plans, profit sharing plans, 401 K plans, savings plans and all other fringe benefits upon the same terms as are or shall be granted or made available by the Corporation to its other executive officers. 4. The Employee is expected and encouraged from time to time to incur expenses for the promotion of the business of the Corporation. The Corporation shall timely reimburse the Employee for all reasonable and necessary out-of-pocket expenses and disbursements incurred by Employee him in the performance of his duties in keeping with past practicesunder this Agreement, but subject to the presentment of appropriate vouchers or receipts. These expenses are limited to reimbursement for phone, business travel, business meals, lodging when traveling on Company business and ground transportation, including rental vehicles when traveling on Company business. The Board may consider other expenses any time on a discretionary basis. Employee shall, from time will also be entitled to time, but not more frequently than weekly, submit a report monthly perk allowance of $2,000 as an added benefit to the Vice President- Finance position. This allowance will be paid out as salary compensation and Treasurer shall be subject to applicable withholdings and deductions as required by law. This amount could be used for any personal expense by the Employee. Any amounts used will be considered compensation. 4.3 Employee acknowledges that the Company does not presently have any stock option awards for the Employee. 4.4 Employee shall have all medical and dental insurance premiums paid by the Company. 4.5 In the event of termination as provided by this Agreement, Employee shall be paid all earned compensations through the effective date of termination promptly by Profire Energy and in accordance with the terms of this Agreement. 4.6 Employee will have a vehicle allowance in the amount of $1,000 per month. This amount will be added to Employee’s monthly check and used at his discretion to purchase or lease a vehicle. Unless otherwise excluded under applicable tax law, this amount shall be subject to applicable withholdings and deductions as required by law. 4.7 Employee will have 4 weeks of paid vacation or leave time per year. 4.8 The Board will consider on a fiscal year- end annual basis a bonus based on performance. For fiscal 2016, the bonus structure is as follow: FY2016 After-tax Net Income (or his designeeNI) Bonus Targets 1 CASH BONUS RSUs TO BE GRANTED 2 Tier 1: Net Income: >$0 $10,000 15,000 Tier 2: Net Income: >$1,000,000 $15,000 25,000 Tier 3: Net Income: >$2,000,000 $25,000 35,000 With respect to any RSUs Employee becomes entitled to receive pursuant to this Agreement, the Company will formally award them to the Employee following the end of the Corporation in a form with such detail as will constitute a proper record for tax deductible expenses together with necessary vouchers and receipts therefore. Expenses of a type which are typically reimbursed to other executive officers of the Corporation shall be timely paid or reimbursed by the Corporationapplicable fiscal year.