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Reduction in Work Force
12 Months Ended
Dec. 31, 2018
Reduction In Work Force  
Reduction in Work Force

NOTE 19 - REDUCTION IN WORK FORCE

 

The Company entered into a Separation and General Release Agreement (the “Ellis Separation Agreement”) with Norman L. Ellis, its former Chief Operating Officer, on December 16, 2016 and Amendment No. 2 to Severance Agreement (together with the Ellis Separation Agreement, the “Separation Agreements”) with Kenneth Ehrman, its former Chief Executive Officer, on December 20, 2016. Under the terms of the Separation Agreements, the Company recognized severance costs of $637,000 which are included in selling, general and administrative expenses in the consolidated statement of operations for 2016.