Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 820

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 820
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 and approve compensation for the Company’s officers;

    ●
    formulate,
    evaluate, and approve cash incentives and deferred compensation plans for executives;

    ●
    formulate,
    administer, and—when appropriate—recommend to the Board for approval, incentive compensation plans and equity-based plans;
    and

    ●
    approve
    employment contracts, severance agreements, change in control provisions, and other compensatory arrangements with Company executives.

The
Compensation Committee has the authority, in its sole discretion, to select, retain, and obtain the advice of a compensation consultant
as necessary to assist with the execution of its duties and responsibilities.

Our
Compensation Committee charter is available on the “About Us” subpage of our website (www.omniq.com).

23

Corporate
Governance/Nominating Committee

The
Corporate Governance/Nominating Committee consists of Mr. Guy Elhanani . Mr. Elhanani serves as Chairperson.

The
Corporate Governance/Nominating Committee’s responsibilities include, among others:

    ●
    develop
    and oversee the Company’s corporate governance practices and procedures. Which includes identifying best practices, reviewing,
    and recommending to the Board for approval any changes to the documents, policies, and procedures in the Company’s corporate
    governance framework;

    ●
    establish
    procedures for the director nomination and to determine the qualifications, qualities, skills, and other expertise required to be
    a director and to develop, and recommend to the Board for its approval, criteria to be considered in selecting nominees for director;

    ●
    identify
    and screen individuals qualified to become members of the Board, consistent with the above criteria, considering any director candidates
    recommended by the Company’s stockholders;

    ●
    oversee
    a process for an annual evaluation of the Company’s CFO and/or President; and

    ●
    develop
    and oversee a process for an annual evaluation of the Board and its committees, including a formal assessment of each individual
    director.

Our
Corporate Governance/Nominating Committee charter is available on the “About Us” subpage of our website (www.omniq.com).

Clawback
Policy

On
December 1, 2023 the Board adopted the OMNIQ Corp. Clawback Policy (the “Clawback Policy”), providing for the recovery of
certain incentive-based compensation from current and former executive officers of the Company in the event the Company is required to
restate any of its financial