Employment Agreement Update between Eyeblaster and Ofer Zadikario (January 2010)
This agreement outlines the updated compensation terms for Ofer Zadikario, approved by the Compensation Committee of Eyeblaster's Board, effective January 1, 2010. It specifies his monthly salary, quarterly bonus, and commission structure based on the company's global revenue target. If the revenue target is exceeded, a higher commission rate applies to the excess. The agreement is signed by CEO Gal Trifon and serves as an official record of Ofer's compensation for 2010.
Exhibit 10.20
January 2010
Ofer Zadikario
Ra’anana
Dear Ofer:
I am pleased to confirm the compensation approved for you by the Compensation Committee of the Board. It is effective January 1, 2010
| 2010 | 2009 | |||||||||
| Monthly Salary |  | 60,000 | | 55,000 | ||||||
| Quarterly Bonus | $ | 6,000 | $ | 5,000 | ||||||
| Commission OTE | $ | 28,060 | $ | 24,400 | ||||||
| Total 2010 Compensation | | 914,254 | | 825,672 | ||||||
Your Commission is based on the Global Revenue target for 2010 of $80,000,000. Your commission rate is 0.035%. Should Eyeblaster exceed the revenue target your commission rate on the amount that exceeds will be 0.053%
| All the best, |
| /s/ Gal Trifon |
| Gal Trifon |
| CEO |
| cc: | Maureen McGovern |
