other material
confidence high
sentiment neutral
materiality 0.30
Tecogen adopts performance bonus plan for CEO and senior management tied to positive Adjusted EBITDA
TECOGEN INC.
- Compensation Committee adopted performance bonus plan on March 1, 2024.
- Condition: Company achieves two consecutive quarters of positive Adjusted EBITDA exceeding 2% after all bonus accruals.
- CEO eligible for $50,000; COO, CAO, VP Ops, General Counsel each eligible for $35,000.