EX-10.17
from 10-K
3 pages
I Am Pleased to Offer You a Position With Monolithic System Technology, Inc. (“Mosys” or the “Company”) as Vice President of Worldwide Sales and Business Development, an Exempt Position in Which You Will Report Directly to Me. Your Semimonthly Compensation Will Be $7,916.66 Dollars, Which Is Equal to $190,000.00 on an Annualized Basis. You Will Also Be Eligible to Receive an Incentive Bonus Based on the Following Guidelines: • for the Fiscal Quarter Ending December 31, 2005, You Will Be Eligible to Receive a $30,000 Non-Recoverable, Incentive Bonus. • for Fiscal Year 2006, Your Targeted Incentive Bonus Will Be $30,000 Quarterly Based on Mutually Agreed Bookings Goals With a $30,000 Incentive Bonus Guaranteed in 2006 Paid at the End of Q1 as a Credit Against Earned Bonuses for the Year
12/34/56