Employment Agreement Update for Gal Trifon (January 2010)
This agreement outlines the updated compensation terms for Gal Trifon, effective January 1, 2010, as approved by the Compensation Committee. Gal Trifon will receive a monthly salary, a quarterly bonus, and a commission based on Eyeblaster's global revenue target for 2010. The commission rate is 0.125% up to $80 million in revenue, and 0.25% for any revenue above that target. The agreement is signed by Maureen McGovern, Vice President of Human Resources.
Exhibit 10.16
January 2010
Gal Trifon
Ra’anana
Dear Gal:
I am pleased to confirm the compensation approved for you by the Compensation Committee of the Board. It is effective January 1, 2010.
| 2010 | |||||
| Monthly Salary |  | 86,350 | |||
| Quarterly Bonus | $ | 25,000 | |||
| Commission OTE | $ | 100,000 | |||
| Total 2010 Compensation | | l,796,200 | |||
Your Commission is based on the Global Revenue target for 2010 of $80,000,000. Your commission rate is 0.125% . Should Eyeblaster exceed the revenue target your commission rate on the amount that exceeds will be 0.25%
| All the best, |
| /s/ Maureen McGovern |
| Maureen McGovern Vice President Human Resources |
