EX-10.(Y)
from 10-K405
1 page
Pfs Thomas J. Brophy President - Health Division September 24, 1996 Mr. Carl Hulbert 4685 Highland Drive Salt Lake City, Ut 84117 Dear Carl: Pioneer Financial Services, Inc. Will Retain You to Represent Its Life and Health Insurance Affiliates and Subsidiaries in Selected Western States, Including but Not Limited to California, Oregon, Washington, Utah, Nevada and Arizona. We Will Expect You to Maintain Meaningful Relationships in Those States and to Make Contact Regarding Policy, Rate and Other Regulatory Filings, as Requested by Pfs or One of Its Insurance Affiliates. for This Representation, We Will Pay You $3,000 Per Month, Payable on the First of Each Month. We Will Also Reimburse You for All Reasonable Travel Expenses Related to Performance of Your Duties Under This Relationship. This Agreement Will Take Affect October 1, 1996, for a Period of Three Years. Either Party May Terminate This Agreement With Ninety Days Written Notice. Please Indicate Your Agreement by Signing and Return the Attached Copy of This Letter. Sincerely, /S/ Thomas J. Brophy Thomas J. Brophy Accepted: /S/ Carl Hulbert Carl Hulbert
12/34/56
EX-10.(V)
from 10-K405
1 page
12/26/95 Mr Peter Nauert C/O 414-2451875 Dear Peter: This Letter Will Memorialize Our 12/24/95 Conversation Re My 1996 Service. - - 1/1/96 - 6/30/96 I Will Serve as Acting Gen'l Counsel of Pfs and Report to You. Compensation Will Be $25,000 Per Month With Benefits Equivalent to Pfs Sr. Officer. - - On 7/1/96, if Both Pfs Board and Hill Are in Agreement, Hill Will Be Elected Exec. V.P. and Gen'l Counsel. Compensation Will Become $300,000 Per Yr + Benefits. - - If Either Terminates, Relationship Will Revert to $15000 Per Month Retainer for Two Years as of Term. Date. - - Pfs Will Provide Apt. in Schaumburg Area for Hill for Up to One Yr to Assist Transition. if I Relocate to Illinois I Will Receive a Net Payment of $50,000 (Grossed Up) for Relocation Expense. if the Above Needs Modific., Please Change. Otherwise Initial and Give One Copy to Me. Thanks, /S/ Billy Hill
12/34/56
