2011 Compensation Letter Agreement between MediaMind Technologies Ltd. and Ofer Zadikario

Contract Categories: Human Resources › Compensation Agreements
Summary

MediaMind Technologies Ltd. confirms the 2011 compensation package for Ofer Zadikario, including a base salary of 66,000 NIS per month, a quarterly MBO target of $7,500, and an annual commission target of $30,000. The compensation increase is effective from April 1, 2011. Additionally, Ofer is granted 70,000 options to purchase company shares at $15.12 per share, with a formal grant letter to follow. The letter is signed by the CEO and copied to the VP of HR.

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EX-10.2 3 exhibit_10-2.htm EXHIBIT 10.2 exhibit_10-2.htm
Exhibit 10.2
 
 
 

January 2011
 
Ofer Zadikario
Ra’anana
 
Dear Ofer:

I’m pleased to inform you that the Compensation Committee of the Board of Directors has approved your 2011 compensation as follows:
 
Base Salary:  
MBO Target:
Annual Commission Target:  
66,000 NIS per month        
$7,500 per quarter 
$30,000 annually
 
Your compensation increase will be effective as of 1-April-2011.

Additionally, at its meeting on 13-January-2011, the Committee approved a grant to you of 70,000 options to purchase 70,000 common shares of the Company, with an exercise price of $15.12 each.  A formal grant letter will be sent to you shortly.

Best regards,

Gal Trifon
CEO

Cc: Ruth Shaked, VP HR
 
MediaMind Technologies Ltd. 25 Haharoshet St., Ra'anana 43656, Israel t. +972 9 ###-###-#### f. +972 9 ###-###-####