leadership
confidence high
sentiment neutral
materiality 0.50
Earth Science Tech adopts officer compensation tied to monthly revenue, contingent on cash growth
Earth Science Tech, Inc.
- CEO Giorgio Saumat to receive 21% of monthly revenue; President Mario Tabraue to receive 10.5%.
- Payments conditional on company increasing cash position quarter over quarter; otherwise no pay and renegotiation.
- Both officers waive all rights to back pay for work prior to September 30, 2023.
- New 12-month employment agreements effective October 1, 2023, superseding prior arrangements.