EX-10.3
from S-1/A
1 page
$160,000 Annual Cash Compensation (“Base Salary”) Until the Company Has Raised at Least $5mm in Additional Financing, at Which Time Your Compensation Pay Will Be Increased to $295,000. · Up to 50% Discretionary Annual Bonus Plan (Based on Annual Base Compensation). Bonus Is Subject to Achievement of Performance Targets (Which Shall Be Determined in Good Faith by the Compensation Committee Upon Consultation With Management) and Shall Be Awarded at the Sole Discretion of the Board. · Equity Compensation (To Be Determined in Good Faith) and to Be Granted Upon the Expansion of the Company’s Option Pool; Subject to Customary Protective Provisions. · in the Event of Termination Without Cause, You Will Receive 6 Months’ Severance, Based on Your Base Compensation in Effect, Payable in Installments. Accepted: 6/29/2024 /S/ Ruba Qashu /S/ James McCormick Ruba Qashu James McCormick
12/34/56