EX-10.1
from 8-K
3 pages
1. Position. You Will Serve as the Company’s Chief Executive Officer and Interim Chief Financial Officer and Report Directly to the Company’s Board of Directors. in Such Position, You Shall Have Such Duties, Authority, and Responsibilities as Shall Be Determined From Time to Time by the Company’s Board of Directors, Which Duties, Authority, and Responsibilities Are Consistent With Your Position. by Signing This Letter Agreement, You Confirm That You Have No Contractual Commitments or Other Legal Obligations That Would Prohibit You From Performing Your Duties for the Company. You Shall Be Permitted to Perform Your Duties and Conduct Your Business Principally in California. You Agree That Work Involves Travel and Other United States Locations in Order to Fulfill the Responsibilities of the Position. 2. Cash Compensation. the Company Will Pay You a Salary at the Rate of $200,000, Less Applicable Taxes and Withholdings, Per Year, Payable in Accordance With the Company’s Standard Payroll Schedule, as in Effect From Time to Time. 3. Cash Bonus. in the Sole Discretion of the Company’s Board of Directors, You May Receive an Annual Bonus. 4. Equity Compensation. You Shall Not Be Entitled to Any Award of Stock Options or Other Equity-Based Compensation, but the Company’s Board of Directors May Make Award You Equity-Based Compensation in Its Sole Discretion. 5. Employee Benefits. You Will Be Eligible to Participate in Company-Sponsored Benefits Offered to Company Employees From Time to Time, Subject to the Terms and Conditions of the Applicable Plans and Policies of the Company as in Effect From Time to Time. 6. Expenses. the Company Will Reimburse Your Reasonable and Documented Out-Of-Pocket Expenses Incurred in Connection With Your Service to the Company and Pursuit of New Opportunities on the Company’s Behalf, Provided You Comply With the Company’s Expense Reimbursement Policy
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EX-10
from 8-K
1 page
April 30, 2014 Jean-Louis Casabonne 775 17th Avenue Menlo Park, Ca 94025 Dear Jean-Louis, Sincerely Yours, /S/ Eldad Eilam Eldad Eilam Chief Executive Officer and President I Accept the Offer of Employment Above, and I Expect to Begin Employment on May 5, 2014
12/34/56