SilverSun Technologies Inc (SSNT)

[maestro_of_Ihub]

Worth every penny!

On February 4, 2016 (the "Effective Date"), SilverSun Technologies, Inc. (the "Company") entered into an amended and restated employment agreement (the "Employment Agreement") with Mark Meller, pursuant to which Mr. Meller will continue to serve as the Company's President and Chief Executive Officer.

The Employment Agreement was entered into by the Company and Mr. Meller primarily to extend the term of Mr. Meller's employment. The term of the Employment Agreement is for an additional 7 years (the "Term"). The Company will pay Mr. Meller an annual salary of $565,000 per annum, with a ten percent (10%) increase on September 1 and every anniversary of such date for the duration of the Term. The Employment Agreement also provides for a severance payment to Mr. Meller of three hundred percent (300%), less $100,000 of his gross income for services rendered to the Company in each of the five prior calendar years should his employment be terminated following a change in control, as defined in the Agreement.