Ophthalmic Imaging Systems Board Membership Agreement with Jonathan R. Phillips

Contract Categories: Human Resources › Compensation Agreements
Summary

Ophthalmic Imaging Systems (OIS) invites Jonathan R. Phillips to join its Board of Directors. In return for his service, OIS will pay him an annual retainer of $15,000, distributed in four quarterly payments of $3,750, covering attendance at up to three board meetings per quarter. If he attends more than three meetings in a quarter, he will be compensated at $100 per hour, up to $500 per day. The agreement is confirmed by Jonathan's signature and return of the signed document to OIS.

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EX-10.31 12 ex10-31_f10k12312009.htm EXHIBIT 10.31 ex10-31_f10k12312009.htm
Exhibit 10.30
 
 
OIS
221 Lathrop Way, Suite I
Sacramento, CA 95815  
USA   
www.oisi.com
main 088 ###-###-####
fax ###-###-####
 
      

 
August 31, 2007
VIA Facsimile and mail

Jonathan R. Phillips
792 Chatham Avenue
Elmhurst, ILL 60126


Re:           Ophthalmic Imaging Systems Board Membership


Dear Jonathan:

On behalf of OIS, the Company’s Board of Directors would like to thank you for accepting its invitation to join the Board.

We’re very excited about the prospects and focus of the Company, and look forward to your input in directing the Company to realize its potential.

The Company will pay an annual retainer in the amount of $15,000, payable in 4  equal quarterly instalglments of  $3,750 for your attendance at up to 3 Board meetings per quarter.  For your services in attending meetings in excess of 3 per quarter, the Company will pay you at the rate of $100 per hour up to a maximum of $500 per day.

Please indicate your formal acceptance of the foregoing by signing and dating where indicated below.  At your earliest convenience, please return via facsimile the executed copy of page 2 to the attention of Mr. Gil Allon at the Company’s offices at ###-###-####.

Again, we welcome you and thank you for joining us during this very exciting time for the Company.

Very truly yours,

/s/ Yigal Berman                                                         
Yigal Berman
Chairman of the Board of Directors
Ophthalmic Imaging Systems


Approved:

/s/ Jonathan Philips                                                       
Jonathan Philips

Date : ___________

 
Better Insight.  Better Sight.