Patriot Scientific

From the recent 10q:

"In connection with Mr. Goerner’s appointment as Interim President and Chief Executive Officer, and commencing on February 29, 2008, we agreed to preliminary compensation terms with Mr. Goerner for an initial 120-day term if not terminated pursuant to the agreement, with an extension period of one year and on a continuing basis thereafter. Pursuant to the agreement, if Mr. Goerner is terminated without cause within the first year of employment, after the initial 120-day term, he is entitled to receive an amount equal to his base salary for the period remaining in the agreement. Payments are conditional upon the execution of a general release. We are in the process of securing a formal employment agreement with Mr. Goerner."