Exhibit 99.4
Xxxx Xxxxxxx
Compensation Agreement
The Following agreement was adopted by the Board of Directors of Lumisys
Incorporated pursuant to a Written Consent Dated May 1, 2000
1. Base Salary. $125,000, effective 1/1/2000.
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2. Commission. Xxxxxxx is eligible for commission payments targeted to be
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$137,5000 for sales of $25 Million for the year ending 12/31/00 under the
Company's standard commission plan.
3. Incentive for sale Lumisys Inc. The success fee for the sale of the Lumisys,
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excluding XxxxXxxxxx.xxx will be 1% of the net proceeds to Lumisys for any
transaction up to $50 million and additionally, 2% of any incremental net
proceeds to Lumisys above $50 million. The incentive will be paid in cash as
soon as feasible, but not to exceed 30 days from the date Lumisys receives
proceeds from the transaction.
