Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 462

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 462
---
 duties required
of the committees.

22

Audit
Committee

The
Audit Committee consists of Mr. Guy Elhanani, whereby Mr. Elhanani is the Chairperson. Our Board has determined that Mr. Elhanani qualifies
as an “audit committee financial expert,” as defined under the rules of the SEC.

The
primary responsibility of the Audit Committee is to oversee our financial reporting process on behalf of the Board and report the results
of their activities to the Board. The Audit Committee’s responsibilities include providing assistance to the Board relating to:

    ●
    the
    integrity of the Company’s financial statements and the related public reports;

    ●
    disclosures
    and regulatory filings in which they appear;

    ●
    the
    systems of internal control over financial reporting, operations, and legal/regulatory compliance;

    ●
    the
    performance, qualifications, and independence of the Company’s independent accountants;

    ●
    the
    performance, qualifications, and independence of the Company’s internal audit function, and

    ●
    compliance
    with the Company’s ethics policies and applicable legal and regulatory requirements.

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

Compensation
Committee

The
Compensation Committee consists of Mr. Guy Elhanani,. Mr. Elhanani serves as Chairperson.

The
Compensation Committee’s responsibilities include, among others:

    ●
    approve
    annually the corporate goals and objectives applicable to the compensation of the CEO and/or President, evaluate at least annually
    the CEO’s and/or President’s performance in light of those goals and objectives, and determine and approve the CEO’s
    and/or President’s compensation level based on this evaluation;

    ●
    review
    matters relating to executive succession and management development;

    ●
    formulate,
    evaluate, 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