EXHIBIT 10.14
Memo of Agreement dated December 15, 1997 between Allou Health &
Beauty Dist., Inc. and Local No. 1.
The parties agree as follows:
(a) All items not changed by the following shall remain in
effect.
(b) The EBH shall commence December 15, 1997 and shall be in
effect until December 14, 2000.
(c) Wages - The employees on the payroll as of January 2, 1998
and who have completed their probationary, and shall receive a $300 bonus six
(6) months later all employees employed on January 2, 1998 and still employed
six (6) months later shall receive an additional $300 bonus.
January 2, 1999 - $ .15 income - 6 Months thereafter $.10
January 2, 2000 - $ .15 income - 6 Months thereafter $.10
Committee Local No. 1 Allou
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