EXHIBIT 10.1 Compensation Plan for Michael Perry ----------------------------------- NOW, THEREFORE, BE IT RESOLVED, That the Compensation Committee hereby approves the following plan for Michael Perry with respect to his potential compensation for 1996: Base Salary: $400,000 Bonus: Earnings Per Share Bonus Amount ------------------ ------------ Below $0.80 - $0.80 $100,000 $0.90 $200,000 $1.00 $275,000 $1.10 $350,000 $1.20 $425,000 $1.30 $525,000 $1.40 $600,000 $1.50 $675,000 $1.60 $750,000