Summary of Unwritten Employment Arrangement with Mark J. Cola and Sigma Labs, Inc.
Mark J. Cola has an unwritten, at-will employment arrangement with Sigma Labs, Inc., where he serves as President, CEO, and COO. He receives a monthly salary of $15,000 and is eligible for medical, dental, life, and disability insurance benefits. Mr. Cola can also participate in the company's 2011 and 2013 Equity Incentive Plans. The arrangement does not specify a fixed term and can be ended by either party at any time.
Exhibit 10.8
SUMMARY OF UNWRITTEN EMPLOYMENT ARRANGEMENT WITH MARK J. COLA
Mark J. Cola, President, Chief Executive Officer and Chief Operating Officer of Sigma Labs, Inc., a Nevada corporation (the “Company”), has entered into an “at will” unwritten employment arrangement with the Company. Under Mr. Cola’s employment arrangement, Mr. Cola’s salary is $15,000 per month, and he is eligible to receive medical and dental benefits, life insurance, and long term and short term disability coverage. Further, Mr. Cola is eligible to participate in the Company’s 2011 Equity Incentive Plan and 2013 Equity Incentive Plan.
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