Exhibit 10.7
[CELLOMICS LOGO]
November 9, 1998
Michael A. Nemzek 70 Lake View Ave. Cambridge, MA 02138
Dear Mike:
We are pleased to offer you the position of Senior Vice President for Sales and Marketing for Cellomics, Inc. This position is an officer of the corporation. In this capacity, you will be reporting to the CEO and will assume responsibility for:
(a) Developing a sales and marketing plan for all Cellomics, Inc.
products based on the strategic business plan developed with
the CEO and other senior management;
(b) Working with the CEO and other senior management in
negotiating business deals with pharmaceutical companies;
(c) Preparing revenue projections based on business plan;
(d) Coordinating the strategic marketing and sales plan with Carl
Zeiss, worldwide; and
(e) Managing the sales and marketing program including the
relationship with Carl Zeiss.
Your starting salary will be $14,167.00 per month, subject to annual increases as approved by the Board of Directors. In addition to your salary, you will be eligible to receive an annual performance bonus of up to 35 percent of your base salary, subject to the review and approval of the Board of Directors. The performance bonus will be based on attaining the following goals during your first year of employment:
(a) Meeting revenue projections that are mutually defined by
January 15, 1999;
(b) Successfully launching the ArrayScan(TM) II System for broad
sales;
635 William Pitt Way o Pittsburgh, PA 15238
Phone (412) 826-3600 o Fax (412) 826-3850
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(c) Successfully launching 4 screening kits;
(d) Successfully launching the ArrayScan(TM) III (ArrayScan
Kinetic Module) manufactured by Carl Zeiss for Cellomics, Inc.
as an OEM product;
(e) Successfully launching the Integrated Drug Di ...
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