2011 Compensation Letter Agreement between MediaMind Technologies Ltd. and Andrew Bloom

Contract Categories: Human Resources › Compensation Agreements
Summary

This letter from MediaMind Technologies Ltd. to Andrew Bloom outlines his approved 2011 compensation, including a base salary of $230,000 per year, a quarterly MBO target of $15,000, and an annual commission target of $60,000. The compensation increase is effective April 1, 2011. Additionally, Andrew Bloom is granted 40,000 options to purchase company shares at $15.12 per share, with a formal grant letter to follow. The agreement is signed by the CEO and copied to the VP of HR.

Read More Arrow
EX-10.3 4 exhibit_10-3.htm EXHIBIT 10.3 exhibit_10-3.htm
Exhibit 10.3
 
 
 
January 2011

Andrew Bloom
New York

Dear Andrew:

I’m pleased to inform you that the Compensation Committee of the Board of Directors has approved your 2011 compensation as follows:

   
Base Salary:
$230,000 per year
MBO Target:
$15,000 per quarter
Annual Commission Target:
$60,000 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 40,000 options to purchase 40,000 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 ###-###-####