EX-10.24
from 10-K
4 pages
October 8, 2018 Position: Chief Brand Officer – Based at Our Home Office in Irvine, Ca. This Is an Exempt Position Reporting to the Chief Executive Officer – Russ Bendel. Hire Date: Your Hire Date Will Be 11/30/18 With a Start Date of 12/10/2018. Salary: Your Base Weekly Salary Will Be Based on an Annualized Rate of $330,000. Your Weekly Rate of $6,346.15 Will Be Paid Bi-Weekly. Bonus Program: You Will Be Eligible for Up to 30% of Your Base Salary in Bonus, Based on Mutually Agreed Upon Criteria to Be Determined, Which Is Updated Annually. Bonus Paid for 2018 Is Guaranteed at 100% and Will Be Pro-Rated Based on Your Start Date. We Will Also Guarantee 100% of the 2019 Bonus. Equity Grant: Upon Board of Directors Approval, an Equity Grant of 30,000 Restricted Shares and 30,000 Options Will Be Given. All Are Subject to 5-Year Vesting Schedule From Time of Grant. Auto Allowance: $1400 Per Month Car Allowance. Subject to Applicable Income Tax. Relocation: In Order to Assist With You Moving Closer to the Home Office, the Habit Will Reimburse Moving Expenses Up to $100,000 Which Is Subject to Income Tax Withholding. However, the Habit Will Gross-Up the Reimbursement Amount to Cover the Cost of the Tax Withholding. Cell Phone: Company Supplied/Paid Cell Phone, Mifi and Laptop. Comp Card: Company Provided Comp Card Loaded Quarterly With $1000. You Must Be Present to Use This Comp Benefit. Restrictions Apply and Are Subject to Change
12/34/56