other material
confidence high
sentiment neutral
materiality 0.50
QS Energy enters employment agreement with CEO/CFO including $420k salary, $1.56M bonus, stock options
QS Energy, Inc.
- Base salary $420k/year ($35k/month); term 1 year, auto-renewing unless notice by Dec 1.
- Retention bonus of $1,557,500 payable in three milestones: signing, customer contract, $5M financing.
- Immediate stock options: 20,817,500 shares at $0.03, plus 3.5M shares at OTC pink sheet price; both fully vested, 10-year term.
- Renewal options of 3.5M shares each year, vesting monthly over 12 months.
- Additional benefits: $1,000/month home office allowance, $500/month auto allowance, health benefits.