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clock Created with Sketch. 28/08/18
14:10
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Originally posted by Serendipity
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Just noticed the post.
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@Serendipity , I agree, Ralph would be very difficult to replace. Hopefully the challenge and the remuneration package are compelling reasons for him to stick around. I'd think the opportunity for someone with his experience to build a company from the ground up would be pretty appealing... GLTAH R-7
Ralph has entered into an executive employment contract with Sensera and the terms of his engagement are as follows:
Base salary of US$300,000 per annum
3,000,000 options that vest 25% per annum annually from 6 November 2017. The options are exercisable over a 5-year term at $0.35 per share
Annual bonus pool of up to 100% of the base salary against agreed key performance indicators (KPIs). KPI’s are to be agreed annually in advance of each financial year and will include total shareholder return, financial and operational outcomes
The remuneration package includes the following milestone-based share payments whereby the milestone must be achieved by the end of FY2021:
1,000,000 shares payable on achieving US$1m EBITDA
1,000,000 shares payable on achieving US$2m EBITDA
1,000,000 shares payable on achieving US$50m in annual sales
The notice period is 6 months
The Company will pay standard US healthcare benefits
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Last edited by
R-7 :
28/08/18
