"An employee is someone who gets paid to work for
Post# of 13191
(Total Views: 112)
Posted On: 04/02/2023 10:46:05 PM
Re: ThreeEmInEn #4099
"An employee is someone who gets paid to work for a person or company. Workers don't need to work full time to be considered employees—they simply need to be paid to work by an employer"
(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 .
Maybe you should have read the whole post'
So it looks like the Payroll Protection Program gave the company the funds that was contractually owed him saving the company a $180,000 down the road which it was OBLIGATED to pay per contract.
Smart move to help shareholders.
It is in the filings.
Quote:
Employees? lol Do you know what the definition of an employee is?
(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 .
Maybe you should have read the whole post'
Quote:
Maybe try some new reading glasses?
So it looks like the Payroll Protection Program gave the company the funds that was contractually owed him saving the company a $180,000 down the road which it was OBLIGATED to pay per contract.
Smart move to help shareholders.
Quote:
Nick was paid for his services for Medrecyler-RI 2021 and 2022 HE WAS NOT PAID FOR SERVICES AS CEO OF SUN PACIFIC HOLDINGS.
It is in the filings.
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(0)Sun Pacific Holding Corp. (SNPW) Stock Research Links
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