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Imagination TV, Inc. IMTV
Posted On: 04/30/2013 11:35:49 AM
Post# of 45510
Posted By: PLAYTOWINTHEGAME
Re: Diane #26431

All of the above is pretty much void if....


d. Employee acknowledges and agrees that the Company is a business with limited revenues and, accordingly, Employee agrees that unless the Company generates at least three million dollars (US$3,000,000.00) from its intended capital raise, Employee shall accept as compensation for all services rendered, the hourly minimum wage as then applicable under Florida law for the total sum of 40 hours per week worked in such month


My understanding is that the $3 Mil was never raised.

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