EX-10.98
from 10KSB
2 pages
Dear Vince, the Board of Directors Would Like to Offer You the Chief Executive Officer Position of Wherify Wireless, Inc (The “Company”). the CEO Employment Terms Are as Follows: · CEO Role and Responsibilities Reporting to the Board (The “Executive”); · Contract Term of Four (4) Years. Company Must Provide Executive 90 Day Written Notice if Company Plans to Not Renew the Contract; · Salary Is $200,000 Per Year; · Option Package - 4,000,000. Options Vest Over 4 Years, 1/48th Per Month. Stock Options Will Be Priced at the Closing Stock Price on the Date of the Grant Which Is June 6, 2007; · Company Will Provide Executive $2,000 Per Month for Living Expenses Starting July 1, 2007; · Executive Will Be Entitled to All Company Benefits Including Medical, Dental, 401k Plan, Etc;
12/34/56