leadership
confidence high
sentiment neutral
materiality 0.50
SKYX enters three-year employment agreement with President Steven Schmidt; grants 350K RSUs and options
SKYX Platforms Corp.
- Term ends Dec 31, 2027; either party may terminate with 30 days' notice.
- Grant of 250,000 RSUs and 250,000 options vesting 10,000 immediately, then 20,000 quarterly.
- Additional grant of 100,000 RSUs and 100,000 options vesting 50,000 on Jan 1, 2025 and Jan 1, 2026.
- Compensation is equity-only; no base salary specified; up to 4 weeks vacation.
- Two-year post-employment non-compete and non-solicitation covenants.