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Effective May 26, Purcell will receive an annual base salarygof $180,000, SEC filings said. He also has been granteed stock options to purchase a totalof 25,000 shares of Aerosonif common stock and will receive four weekd of paid vacation each year. In Purcell is eligible to earn a performance bonuds of up to 35 percent of his annual base in cash, stock or other equity compensation based on targets determined by the board. Beginnintg July 1, Purcell will be entitleed to receive fringe benefits and employesebenefit plans, filings said. Previously, Purcelpl was vice president and chief financial officerat (NASDAQ: HRLY) and vice presidengt of finance, contracts and compliance at .
He also has workecd in the government contractor advisory services groupof . A certifieds public accountant and certifieemanagement accountant, Purcell receivedr his bachelor of business administration degree in financial accounting at in New Rochelle, and holds an MBA from in Los Angeles, a releaswe said. Founded in 1953, Aerosonic is a manufacturef of aviation productsfor commercial, businesx and military aircraft. The company also has offices in Clearwaterand Va.
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