EMPLOYMENT ARRANGEMENTS WITH EXECUTIVE OFFICERS
Following is a description of the employment arrangements for each of Radiant’s executive officers. None of the executive
officers has an employment agreement with Radiant.
The following table sets forth each executive officer’s current base salary and the cash bonus paid by Radiant to each executive
officer in 2005.
The executive officers are entitled to all benefits generally made available to Radiant’s employees.
Radiant’s employees, including its executive officers, are eligible to receive stock-based incentive compensation under
Radiant’s 2005 Long-Term Incentive Plan, a copy of which is filed as Exhibit 10.7 to Radiant’s Annual Report on Form 10-K for
the year ended December 31, 2005.
All Radiant employees, including executive officers, are required to sign a Confidentiality and Non-Solicitation Agreement. The
agreements restrict the ability of the executive officers to compete with Radiant during their employment and for a period of two
years thereafter, restrict solicitation of customers and employees following employment with Radiant, and provide for
ownership and assignment of intellectual property rights to Radiant. Each agreement has an indefinite term, but the employee
may terminate employment with Radiant at any time.
Radiant maintains a 401(k) Profit Sharing Plan (the “401(k) Plan”) which is intended to be a tax-qualified defined contribution
plan under Section 401(k) of the Internal Revenue Code of 1986, as amended (the “Code”). In general, all Radiant employees,
working at least 20 hours per week, and who have attained age 21 are eligible to participate on the first of the month following
their hire date. The 401(k) Plan includes a salary deferral arrangement pursuant to which participants may contribute, subject to
certain Code limitations, a minimum of 1% and a maximum of 80% of their salary on a pre-tax basis (up to $14,000 per year).
Subject to certain Code limitations, Radiant may make both matching