Note 13. Related Party Transactions The Company entered into a two-year agreement on May 20, 1997, to employ its current President and Chief Executive Officer. Under the terms of the agreement, the Company agreed to reimburse the officer for legal...Filenet Corp • March 30th, 1999 • Services-computer integrated systems design
The Company entered into a two-year agreement on May 20, 1997, to employ its current President and Chief Executive Officer. Under the terms of the agreement, the Company agreed to reimburse the officer for legal costs in defending a lawsuit from the officer's former employer. The case was settled and the cost to the Company was charged to compensation expense in 1997.
