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                                                                    EXHIBIT 10-m

As a taxable executive benefit, the Company pays the premiums for life insurance
policies on the lives of non-employee Directors and certain key executives. The
executive or Board member has the right to designate the beneficiary under the
applicable life insurance policy. Messrs. Alter and Rosoff are each covered by a
$5,000,000 policy. Mr. Deehan is covered by a $1,000,000 policy. Each
non-employee Director is covered by a $500,000 policy. All of the life insurance
policies are owned by the Company. Upon termination of employment, each
executive is entitled to acquire the insurance policy from the Company upon
payment to the Company of an amount equal to the cash value of the policy at
that time. The policies insuring the non-employee Directors are term life
insurance policies, on which there is no build-up in cash value.