Exhibit 10.34
July 3, 2024
Karen Ryan
Director, Janel Corporation and Chair of Compensation Committee
Senior Advisor, Janel Life Sciences
Duties
As a member of the Board of Directors:
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Attendance at eight (8) board meetings per year, including four (4) in-person quarterly meetings and four (4) telephonic monthly results meetings.
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As a Senior Advisor:
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Mentorship: Support the development of the Janel Life Sciences leadership team.
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Strategic Guidance: Support Janel Life Sciences in setting strategic direction, marketing, new product development and other general management topics.
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Participate in monthly meetings with the leadership team and lead the yearly strategic prioritization meeting.
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Assist with evaluation and integration (as requested) of M&A Targets.
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Term
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One-year term, renewing automatically for additional one-year terms, unless cancelled by either party within six (6) months of the renewal date.
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Compensation
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For service as a Director on the Board of Directors, you will receive Janel Corporation’s board fee of $40,000/year, paid monthly. For service as Chair of the Compensation Committee you will receive
$10,000/year, paid monthly. You will be awarded 2,500 Stock options yearly.
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For service as a Senior Advisor to Janel Life Sciences you will receive $50,000/year, paid monthly.
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Reimbursement of travel and other expenses related to your service.
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IN WITNESS WHEREOF, the parties hereto have executed this agreement as of the day and year first above written.
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By:
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/s/ Darren Seirer
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Name: Darren Seirer
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Title: Chairman, President and CEO
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By:
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/s/ Karen Ryan
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Name: Karen Ryan
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Title: Director and Chair of Compensation Committee
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Senior Advisor, Janel Life Sciences
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