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NEON > SEC Filings for NEON > Form 8-K on 11-Mar-2014All Recent SEC Filings

Show all filings for NEONODE, INC

Form 8-K for NEONODE, INC


Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On March 5, 2014, Neonode Inc. entered into an Employment Agreement with Thomas Eriksson, Neonode's Chief Executive Officer. Under his Employment Agreement, Mr. Eriksson is entitled to receive a monthly salary, payable in Swedish Krona ("SEK"), of 150,000 SEK (approximately US$23,500). Mr. Eriksson's Employment Agreement also provides that, within the discretion of the Compensation Committee of the Board of Directors of Neonode, he is eligible to receive an annual bonus up to 1,000,000 SEK (approximately US$156,500) and participate in Neonode's bonus and stock option programs. In addition, Mr. Eriksson is eligible to receive health care, pension, and other employee benefits in accordance with his Employment Agreement.

The summary above of Mr. Eriksson's Employment Agreement is qualified in its entirety by reference to the actual Employment Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and which is incorporated by reference to this Item 5.02(e) in its entirety.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.   Description
10.1          Employment Agreement between Neonode Inc. and Thomas Eriksson, dated
              March 5, 2014

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