other material
confidence high
sentiment neutral
materiality 0.60
OLB Group signs new CEO/VP employment pacts: Yakov $750K salary, 200K annual options; Smith $350K salary
OLB GROUP, INC.
- Ronny Yakov's contract runs through Dec 31, 2027 with $750,000 annual base salary.
- Yakov receives $490,000 acquisition bonus for 2020-2021 deals and 2% of future deal purchase price.
- Yakov eligible for annual $300,000 performance bonus and annual options for 200,000 shares at $0.001 exercise price.
- Patrick Smith, VP Finance, gets $350,000 salary, $150,000 annual bonus, and options for 275,000 shares at $0.001 vesting over 5 years.
- If terminated without cause, both executives receive base salary through term end plus all earned bonuses.