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SALARY DEFERRMENT AGREEMENT

Executive Compensation Plan Agreement

SALARY DEFERRMENT AGREEMENT | Document Parties: METALLINE MINING CO | Metalline Mining Company You are currently viewing:
This Executive Compensation Plan Agreement involves

METALLINE MINING CO | Metalline Mining Company

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Title: SALARY DEFERRMENT AGREEMENT
Date: 2/13/2009
Industry: Metal Mining     Sector: Basic Materials

SALARY DEFERRMENT AGREEMENT, Parties: metalline mining co , metalline mining company
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Exhibit 10.9(8)

SALARY DEFERRMENT AGREEMENT

THIS AGREEMENT is effective as of the 1st day of February, 2009, by and between, Metalline Mining Company, a Nevada corporation (the “Employer” or “Company”) and                                                    (the “Employee”).

WHEREAS, to help the Company conserve its financial resources Employee and Employer have agreed that Employee will defer a portion of his current annual salary on the terms and conditions set forth below.

THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged by each of the parties), the parties agree as follows:

1.  Salary Deferral . Notwithstanding any other agreement between the parties, the Employee agrees to defer 50% of his annual salary through January 31, 2010, provided that any deferred amounts shall be paid to Employee at the earlier of: (i) the Company being adequately funded to pay Employ


 
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