Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: Re: Employees
3
Mar 18, 2016 11:45AM

So this is who I can see as Employees (missing a few)

Walter Favre, Vikas Gupta, Juthika Basak, Suresh Venkatasen, Subhash Deshmukh, Ajit Manocha, Peter Copetti.

**Note the updates for AM & PC,

Mr. Manocha entered into a memorandum of understanding (MOU) dated July 3, 2014, wherein (i) he will be paid US$41,667.67 per month (or US

$500,000 per year) and he was granted 2,000,000 stock options. Mr. Manocha’s MOU was accepted. On October 1, 2015, the Company extended Mr.

Manocha’s employment at the same annual rate of pay. The extension, however, divided his compensation between his compensation as an executive

and his compensation has the co-chairman of the board. As of October 1, 2015, Mr. Manocha is paid annually US $375,000 as an executive and US

$125,000 as co-chairman of the board.

On June 30, 2014 Mr. Copetti entered into an Executive Employment Agreement with an effective date of February 10, 2014, wherein

(i) he will be paid CA$20,000 per month or (CA$240,000 per year) until December 31, 2014, (ii) he will be eligible for annual and special bonuses as

determined by the Board of Directors; (iii) he will be reimbursed up to CA$5,000 for gym membership and medical tests; and (iv) he will receive a

severance of twelve months on termination of employment by the Company, other than for cause.

Mr. Copetti’s salary was adjusted to CA$31,250 per month or (CA$375,000 per year) in October 2014. On January 1, 2015, Mr. Copetti’s employment

agreement was extended on a month to month basis with an adjusted salary of CA$41,667.67 per month. On October 1, 2015, the Company extended

Mr. Copetti’s employment agreement. The extended agreement divided his compensation between his compensation as an executive and his

compensation has the co-chairman of the board. As of October 1, 2015, Mr. Copetti is paid, annually, CA$375,000 as an executive and US $125,000 as

co-chairman of the board. The other terms of the contract remained unchanged.

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Mar 18, 2016 02:29PM
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Mar 18, 2016 02:33PM
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