(Total Views: 94)
Posted On: 04/02/2023 10:45:42 PM
Post# of 13514
Maybe try some new reading glasses?
If salary wasn't paid it would have read:
Quote:
(1) In 2021 and 2020, Mr. Campanella received a salary for his services rendered for MedRcycler-RI, Inc.
Executive Employment Agreement
On December 20, 2017, the Company entered into a five-year employment agreement with Nicholas Campanella, Chief Executive Officer. Under the terms of the agreement, the Company is required to pay a base compensation of $180,000 annually, subject to increases in cost of living and performance bonuses as awarded by the Board of Directors. After 5 years, the agreement is automatically renewed for an additional two years unless terminated by either party. As part of the agreement Mr. Campanella opted to defer, with no interest, the receipt of compensation under the agreement until the Company has the funds to pay its obligation .
If salary wasn't paid it would have read:
Quote:
(1) In 2018 and 2019 and 2020 and 2021, Mr. Campanella received a salary for his services rendered for MedRcycler-RI, Inc.
That's why it reads like it does:Quote:
(1) In 2021 and 2020, Mr. Campanella received a salary for his services rendered for MedRcycler-RI, Inc.
The 600K private loan by a 3rd party in 2021 (still on the books last filing) might have helped with some salary?
in my humble opinion
cheers
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