Vystar enters employment agreement with President/CEO Jamie Rotman; $180K salary in stock with 50% discount

Vystar Corp

Employment agreement retroactive to Jan 1, 2024 formalizes $180K salary payable in Series C Preferred or common stock at 50% discount to 20-day average (floor $0.01) or cash.
Signing bonus of $25K in Series C Preferred shares, vesting 25% immediately, 25% Oct 31 2024, 50% Dec 31 2024; stock trading at $0.0055 as of June 18.
Severance: 52 weeks salary if terminated without cause; 24 months salary if change in control; requires signed separation agreement and release.
Stock incentives: monthly salary in restricted shares with 50% discount; $25K bonus shares convertible 1:1000 into common.

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