The number of Stock Options shall be calculated in accordance with the Company’s option valuation practices.
Twenty-Five percent (25%) of such Grant will be in the form of Restricted Common Stock (the “RCSs”) and the remaining Seventy-Five percent (75%) of such Grant will be in the form of options to purchase the Company’s common stock (the “Stock Options”). The aggregate annual award value under the 2018 Omnibus Incentive Plan will be equal to 40% of your Base Salary, as adjusted from time to time, (the “Grant”).
As a “C” level executive of the Company, you will be entitled to receive equity awards under the Company’s 2018 Omnibus Incentive Plan, (the “2018 Omnibus Incentive Plan”). To qualify for the Cash Performance Bonus, you must meet the KPI’s.Įquity Awards. The Failure to establish KPI’s which is not the fault of the Compensation Committee will exclude you from eligibility for the Performance Bonus. Your KPI’s will be set by the mutual agreement of the Compensation Committee and yourself within 30 days from your Employment Start Date (the “Cash Performance Bonus”). Upon meeting pre-determined periodic Key Performance Indicators (“KPIs”) every year, you will be eligible for an annual cash bonus of 40% of your base salary. If you resign or are terminated for cause within twelve months of your start date you are no longer eligible to receive the Equity Signing Bonus.Īnnual Performance Cash Bonus. The Equity Signing Bonus will be granted and fully vest on the one-year anniversary of your employment with the Company. In the event your employment is terminated for anything other than misconduct or gross negligence you will not be required to repay this cash singing bonus.Įquity Signing Bonus: A onetime equity award of $70,000 worth of the Company’s common stock (the “ Equity Signing Bonus”).
#BLINK PRO MEMBERSHIP COST FULL#
If you resign prior to your one-year anniversary you agree to repay Blink the full amount of this signing bonus, and/or have the amount deducted from any monies Blink owes you. Signing Bonuses: As additional consideration for you joining the Company the Company shall pay you:Ĭash Signing Bonus: A one-time signing bonus of $55,000 (gross) payable in a single lump sum to be dispersed within seven (7) days of your start date. The Company’s current regularly scheduled payday is on the 15 th and 30 th of every month. You will be paid on the Company’s regularly scheduled payday. Your starting annual-base salary will be $29,166.66 per month ($350,000 annually), less applicable taxes, deductions, and withholdings, paid monthly and subject to annual review (“Base Salary”). Your Employment Start Date will be Monday April 20, 2020.īase Salary. Your appointment is subject to approval by the Board and your compensation package, as outlined herein, is subject to recommendation of the Compensation Committee (“Compensation Committee”) and the approval of the Board. As COO you will be reporting to the Company’s Chief Executive Officer and Executive Chairman and working at the Company’s headquarters at 407 Lincoln Road, Suite 704, Miami Beach, FL 33139. (the “Company”), I am pleased to offer you the position of Chief Operating Officer (“COO”).
0 kommentar(er)
