PRINCETON VIDEO IMAGE INC
SUMMARY OF ORAL AGREEMENT
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<TYPE>EX-10.8
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<FILENAME>w63177exv10w8.txt
<DESCRIPTION>SUMMARY OF ORAL AGREEMENT
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                                                                    Exhibit 10.8

Effective November 2001, David Sitt was hired to serve as Corporate Vice
President of Publicidad Virtual S.A. de C.V. ("Publicidad"). Pursuant to an
agreement among Publicidad, Princeton Video Image, Inc. ("PVI") and Mr. Sitt,
during the term of his employment, he will receive an initial base salary of
$175,000, subject to guaranteed increases of $25,000 on each of the first three
anniversaries of his date of employment. In the event that his term of
employment is extended beyond four years, a new base salary will be negotiated.
In addition, Mr. Sitt is entitled to receive an option to purchase 50,000 shares
of PVI common stock, and shall be entitled to receive (subject to continued
employment) an option to purchase 75,000 shares of PVI common stock on each of
the first three anniversaries of his date of employment. In the event Mr. Sitt's
employment is terminated without cause, or Mr. Sitt terminates his employment
for a good reason (e.g., detrimental change in the nature or scope of his
employment or duties), he shall be entitled to receive his then current salary
for the greater of (i) six months or (ii) the remainder of the term. Also
effective November 8, 2001, Mr. Sitt was appointed interim co-Chief Executive
Officer of PVI for an initial period of six months. In July 2002 Mr. Sitt was
authorized to continue to serve as interim co-Chief Executive Officer of PVI for
an additional twelve months, to and including May 8, 2003. For his service as
co-Chief Executive Officer of PVI, Mr. Sitt is entitled to receive: (i) a cash
fee of $10,000 and (ii) an option to purchase 10,000 shares of PVI common stock
(up to a maximum of 180,000 shares), for each calendar month in which he serves
as interim co-Chief Executive Officer (subject to pro-ration for any shorter
period) retroactive to November 8, 2001, the date on which he began serving in
such capacity.




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