SRM enters new CEO employment agreement with Richard Miller; base salary $225K, 10% annual raises

Tron Inc.

CEO Richard Miller’s new agreement effective Jan 1, 2024, cancels prior contract; 3-year initial term, auto-renew.
Base salary $225,000, increasing 10% each Jan 1; annual cash bonus set by Board, payable in cash or stock.
Restricted share award equal to base salary granted each Jan 1, fully vested on grant; additional equity grants tied to revenue and market cap milestones.
Equity grants up to $250K at $50M market cap, $500K at $100M, $1M at $500M, plus $1M per additional $500M.
Severance: greater of 2 years’ base + last year’s bonus or base through remaining term, contingent on release.

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