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On March 4, 2024, Global Gas Corporation filed an amendment to Schedule 13D with the SEC, indicating significant changes in share ownership and executive compensation agreements. William Bennett Nance, Jr., the reporting person, has entered into forfeiture agreements resulting in the forfeiture of 1,440,000 shares of Class B Common Stock. Post forfeiture, Nance may be deemed to beneficially own 2,000,000 shares of Class A Common Stock, representing approximately 26.9% of the outstanding shares. This ownership includes the right to acquire shares within 60 days upon the exchange of Class B for Class A stock. Additionally, Nance has amended his employment agreement with Global Hydrogen, where he serves as CEO and Founder. The amendment restructures his compensation to include Gross Profit Payments of 15% of the issuer's gross profit, up to $250,000 annually, replacing his base salary. The amendment also modifies certain noncompetition and non-solicitation provisions and updates termination considerations. These changes are detailed in the Employment Agreement Amendment and the Form of Forfeiture Agreement, both filed with the SEC.
On March 4, 2024, Global Gas Corporation filed an amendment to Schedule 13D with the SEC, indicating significant changes in share ownership and executive compensation agreements. William Bennett Nance, Jr., the reporting person, has entered into forfeiture agreements resulting in the forfeiture of 1,440,000 shares of Class B Common Stock. Post forfeiture, Nance may be deemed to beneficially own 2,000,000 shares of Class A Common Stock, representing approximately 26.9% of the outstanding shares. This ownership includes the right to acquire shares within 60 days upon the exchange of Class B for Class A stock. Additionally, Nance has amended his employment agreement with Global Hydrogen, where he serves as CEO and Founder. The amendment restructures his compensation to include Gross Profit Payments of 15% of the issuer's gross profit, up to $250,000 annually, replacing his base salary. The amendment also modifies certain noncompetition and non-solicitation provisions and updates termination considerations. These changes are detailed in the Employment Agreement Amendment and the Form of Forfeiture Agreement, both filed with the SEC.
2024年3月4日，环球天然气公司向美国证券交易委员会提交了附表13D的修正案，表明股份所有权和高管薪酬协议发生了重大变化。举报人小威廉·贝内特·南斯已签订没收协议，导致144万股B类普通股被没收。没收后，Nance可能被视为实益拥有2,000,000股A类普通股，约占已发行股份的26.9％。该所有权包括在将B类股票交换为A类股票后的60天内收购股票的权利。此外，南斯还修改了与全球氢能的雇佣协议，他担任该公司的首席执行官兼创始人。该修正案对他的薪酬进行了重组，将发行人毛利润的15％的毛利支付（每年最高25万美元）包括在内，以取代其基本工资。该修正案还修改了某些禁止竞争和禁止招揽条款，并更新了终止注意事项。向美国证券交易委员会提交的《雇佣协议修正案》和《没收协议形式》中详细介绍了这些变更。
2024年3月4日，环球天然气公司向美国证券交易委员会提交了附表13D的修正案，表明股份所有权和高管薪酬协议发生了重大变化。举报人小威廉·贝内特·南斯已签订没收协议，导致144万股B类普通股被没收。没收后，Nance可能被视为实益拥有2,000,000股A类普通股，约占已发行股份的26.9％。该所有权包括在将B类股票交换为A类股票后的60天内收购股票的权利。此外，南斯还修改了与全球氢能的雇佣协议，他担任该公司的首席执行官兼创始人。该修正案对他的薪酬进行了重组，将发行人毛利润的15％的毛利支付（每年最高25万美元）包括在内，以取代其基本工资。该修正案还修改了某些禁止竞争和禁止招揽条款，并更新了终止注意事项。向美国证券交易委员会提交的《雇佣协议修正案》和《没收协议形式》中详细介绍了这些变更。
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