Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 704

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9A
Chunk 704
---
 70 

    Guy
    Elhanani (1) 
    2024  
     24  
     -  
     -  
     -  
     -  
     -  
     24 

    2023  
     24  
     -  
     51  
     -  
     -  
     -  
     75 

21

POTENTIAL
PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL

The
employment agreements for our named executive officers generally provide that in the event of termination of such executive’s employment
for any reason, or if the executive resigns, the Company is required to pay certain separation benefits, including (i) unpaid annual
salary earned through the termination date; (ii) unused vacation; (iii) accrued and unpaid expenses; and (iv) other vested and accrued
benefits to which he is entitled under the Company’s employee benefit plan. In the event the executive voluntarily resigns for
“good reason” (as defined in each executive’s respective Employment Agreement) or the Company terminates their employment
for any reason other than for cause (as defined in each executive’s respective Employment Agreement), the Company will be required
to pay certain termination benefits, including (i) a lump sum payment equal to the greater of (A) unpaid annual salary through the end
of the Initial Term or Renewal Term (as those terms are defined in each executive’s respective Employment Agreement) or (B) two
years of annual salary, and (ii) COBRA reimbursement.

Indebtedness
of Directors, Senior Officers, Executive Officers and Other Management

None
of our directors, executive officers or any associate or affiliate of our Company during the last two fiscal years is or has been indebted
to our Company by way of guarantee, support agreement, letter of credit or other similar agreement or understanding currently outstanding.

CORPORATE
GOVERNANCE

Board
Leadership Structure and Risk Oversight

Our
Board currently consists of 2 members: Mr. Shai Lustgarten and Mr. Guy Elhanani.

One
of the key functions of our Board is to provide oversight of our risk management process. Our Board administers this oversight function
directly, with support from its three standing committees—the Audit Committee, the Compensation Committee, and the Corporate Governance/Nominating
Committee. The information set forth in Item 1C