These employees got paid! Subsequent to June 3
Post# of 33002
(Total Views: 332)
Posted On: 08/14/2018 8:55:31 PM
Re: Chaka-Chaka #6454
These employees got paid!
Subsequent to June 30, 2018, two existing consultants were hired as employees of the Company. In connection with their employment agreements, the Company granted 4,800,000 non-qualified stock options with a fair value of $2,902,453. 1,500,000 of the options vested on the grant date, while the remaining 3,300,000 options vest annually over three years on the employees’ anniversary dates with an average exercise price of $0.40. As a result, the Company will record stock compensation expense of $910,844 for the vested options. In addition, the Company also cancelled 3,100,000 unvested non-qualified stock options previously granted to these individuals when they were consultants of the Company. As a result of these cancellation, the Company reversed previously recorded stock compensation expense of $616,990.
Subsequent to June 30, 2018, two existing consultants were hired as employees of the Company. In connection with their employment agreements, the Company granted 4,800,000 non-qualified stock options with a fair value of $2,902,453. 1,500,000 of the options vested on the grant date, while the remaining 3,300,000 options vest annually over three years on the employees’ anniversary dates with an average exercise price of $0.40. As a result, the Company will record stock compensation expense of $910,844 for the vested options. In addition, the Company also cancelled 3,100,000 unvested non-qualified stock options previously granted to these individuals when they were consultants of the Company. As a result of these cancellation, the Company reversed previously recorded stock compensation expense of $616,990.
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2020 is YOUR year. Together we’ve been through it ALL. They threw everything at us and we remained committed & unstoppable. The table is set, we’ve built the base of over 1M strong, we developed the game changing tech & now we’re going to show everyone how we monetize it.
Rory J. Cutaia
Founder, Chairman & CEO
Rory J. Cutaia
Founder, Chairman & CEO