www.sec.gov/Archives/edgar/data/1040702/0001005477-02-0 -
[Cached Version]
Published on: 2/15/2002
Last Visited: 6/27/2002
Gerry A. Racicot President and Chief
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(5) Mr. Racicot also holds options to purchase 925,000 Shares.
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Gerry A. Racicot
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Gerry A. Racicot 3
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Gerry A. Racicot
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During fiscal year 2001, the two unrelated directors of the Company earned a total of $2,400.00 for their service on the Board of Directors and the other two directors, Mr. Gerry A. Racicot and Mr. Keith Attoe, did not receive any compensation for their service on the Board of Directors
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The CGC Committee believes that much of EIGER TECHNOLOGY INC's success to date, and future potential, is directly attributable to the efforts, unique skills and experience of Mr. Gerry A. Racicot, President and Chief Executive Officer, and Mr. Keith Attoe, Chief Financial Officer.
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Therefore, when designing the compensation program, the CGC Committee will consider competitive employment packages that will reflect the contributions of Mr. Racicot and Mr. Attoe accordingly.
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By agreements dated May 31, 1996, EIGER TECHNOLOGY INC has agreed to indemnify Mr. Gerry A. Racicot, Mr. Keith Attoe, Mr. Sidney Harkema and Mr. Robert Hoegler from and against any liability and cost in respect of any action or suit against him acting as director and officer of EIGER TECHNOLOGY INC, subject to the limitation contained in the Business Corporations Act (Ontario).
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In particular, Mr. Gerry A. Racicot, Chief Executive Officer, and Mr. Keith Attoe, Chief Financial Officer, are responsible for developing and reviewing the strategic direction of EIGER TECHNOLOGY INC and making recommendations on corporate strategies to the Board of Directors.
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In particular, Mr. Gerry A. Racicot, Chief Executive Officer, and Mr. Keith Attoe, Chief Financial Officer, are responsible for reviewing and approving press releases and other forms of communication, except for those relating to material events which will be subject to the review and approval of the Board of Directors.
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Gerry A. Racicot President and Chief Executive Officer