Reliv signs one-year contracts for top execs

St. Louis Business Journal::

"Reliv International Inc. signed some of its top management team to one-year contracts automatically renewable for successive one-year terms, the company said in a regulatory filing Friday with the Securities and Exchange Commission.

Reliv entered into the employee agreements with R. Scott Montgomery, executive vice president and chief operating officer; Ryan Montgomery, executive vice president of worldwide sales; Steven Albright, vice president of finance and chief financial officer; Steven Hastings, senior vice president of North American sales; and Brett Hastings, vice president of legal.

Each agreement provides a base salary, participation in the company's incentive compensation plan and certain other benefits. If one of the aforementioned employees is fired, Reliv will pay severance payments of six months salary, according to the filing."