Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 460

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 460
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”);

    Name and Principal
    Position 
    Year  
    Salary
                                                                                ($)  
    Bonus
                                                                                ($)  
    Stock
                                                                                Awards  
    Option Awards  
    All
                                            Other Compensation  
    Total 
  
    In thousands 

    Shai Lustgarten 
    2023  
     600  
     120  
         -  
           -  
     28  
    $748 
  
    Chief Executive Officer and Interim CFO 
    2024  
     637  
     25  
     -  
     -  
     28  
    $690 

    Neev Nissenson 
    2023  
     174  
     25  
     -  
     -  
     54  
    $253 
  
    Chief Financial Officer(1) 

    (1)
    Effective
    November 17, 2023, Neev Nissenson resigned from his position as CFO.

20

Bonuses

Any
bonuses granted in the future will relate to meeting certain performance criteria that are directly related to areas within the named
executive’s responsibilities with the Company. As we continue to grow, more defined bonus programs may be established to attract
and retain our employees at all levels.

Employment
Contracts

In
February 2020, we entered into an employment agreement with Mr. Lustgarten, the Company’s CEO, (the “Lustgarten Agreement”)
pursuant to which Mr. Lustgarten shall continue to serve as the Company’s CEO. The Lustgarten Agreement has a four-year term and
automatically renews for additional one-year periods unless either-party elects to terminate the Lustgarten Agreement. Pursuant to the
Lustgarten Agreement, the Company shall pay Mr. Lustgarten an annual base salary of $560,000. Mr. Lustgarten shall also be eligible to
receive i) equity awards pursuant to the Company’s Equity Incentive Plans and ii) certain milestone bonuses as set forth in the
Lustgarten Agreement. In the event Mr. Lustgarten’s employment is terminated by Mr. Lustgarten for good reason, or terminated by
the Company without cause, Mr. Lustgarten shall be entitled to the greater of (i) the unpaid base salary