Selectica, Inc. Board Co-Chairs Compensation Arrangement Summary
Selectica, Inc. has established a compensation arrangement for its Board Co-Chairs, Jim Thanos and Brenda Zawatski. Effective August 1, 2008, they will be paid $250 per hour, up to a maximum of eight hours per day, for assisting the company with operational matters that go beyond their regular director responsibilities. This arrangement is intended to compensate them for additional work performed outside their standard board duties.
Exhibit 10.44
SELECTICA, INC.
SUMMARY OF BOARD CO-CHAIR COMPENSATION ARRANGEMENT
On August 1, 2008, the Board of Directors (the “Board”) of Selectica, Inc. (the “Company”) determined to compensate Jim Thanos and Brenda Zawatski, the Co-Chairs of the Board, at the rate of $250 per hour, subject to a maximum of eight hours per day, for time spent assisting the Company on operational matters beyond the time spent discharging their normal duties as directors of the Company.
