<br/><img src="https://media.cheggcdn.com/media%2Fe47%2Fe47b2d86-6ffa-4f7e-88c3-2d8f8c99c3aa%2Fimage" alt="Under the terms of his salary agreement, president Newman Walters has an option of receiving either an immediate bonus of $55,000, or a deferred bonus of $70,000 payable