Consultant Agreement Between Image Sensing Systems, Inc. and James MurdakesConsultant Agreement • March 24th, 2006 • Image Sensing Systems Inc • Measuring & controlling devices, nec
WHEREAS James Murdakes (Murdakes) as a consultant to Image Sensing Systems, Inc. (ISS or the “Company”) has served in the capacity as the Chief Executive Officer and President of the Company since April 2002, without a written agreement between the Company and Murdakes as to a monthly retainer for his services, bonus payments awarded for achieving Company financial and strategic objectives or severance payments in the event he is terminated without cause (as defined below), or due to a change in control (as defined below)
Employment Agreement Between Image Sensing Systems, Inc. and Arthur BourgeoisEmployment Agreement • March 24th, 2006 • Image Sensing Systems Inc • Measuring & controlling devices, nec
Termination: This Agreement will terminate December 28, 2006 unless renegotiated by the parties. Three months severance pay will be paid if terminated without cause.
