Consulting Agreement, dated July 3, 2024, between Janel Corporation and Karen Ryan
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EX-10.34 3 ef20034565_ex10-34.htm EXHIBIT 10.34
Exhibit 10.34
July 3, 2024
Karen Ryan
Director, Janel Corporation and Chair of Compensation Committee
Senior Advisor, Janel Life Sciences
Duties
As a member of the Board of Directors:
| • | Attendance at eight (8) board meetings per year, including four (4) in-person quarterly meetings and four (4) telephonic monthly results meetings. |
As a Senior Advisor:
| • | Mentorship: Support the development of the Janel Life Sciences leadership team. |
| • | Strategic Guidance: Support Janel Life Sciences in setting strategic direction, marketing, new product development and other general management topics. |
| • | Participate in monthly meetings with the leadership team and lead the yearly strategic prioritization meeting. |
| • | Assist with evaluation and integration (as requested) of M&A Targets. |
Term
| • | One-year term, renewing automatically for additional one-year terms, unless cancelled by either party within six (6) months of the renewal date. |
Compensation
| • | For service as a Director on the Board of Directors, you will receive Janel Corporation’s board fee of $40,000/year, paid monthly. For service as Chair of the Compensation Committee you will receive $10,000/year, paid monthly. You will be awarded 2,500 Stock options yearly. |
| • | For service as a Senior Advisor to Janel Life Sciences you will receive $50,000/year, paid monthly. |
| • | Reimbursement of travel and other expenses related to your service. |
IN WITNESS WHEREOF, the parties hereto have executed this agreement as of the day and year first above written.
| By: | /s/ Darren Seirer | ||
| Name: Darren Seirer | |||
| Title: Chairman, President and CEO | |||
| By: | /s/ Karen Ryan | ||
| Name: Karen Ryan | |||
| Title: Director and Chair of Compensation Committee | |||
| Senior Advisor, Janel Life Sciences | |||
