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On March 4, 2024, Global Gas Corporation, through its wholly-owned subsidiary Global Hydrogen Energy LLC, amended the employment agreement with CEO and Founder William Bennet Nance, Jr. The amendment restructures Mr. Nance's compensation to include contingent payments based on 15% of the company's gross profit, capped at $250,000 annually, replacing his base salary. Additionally, the amendment modifies the terms regarding termination of employment and shortens the restricted period for non-competition and non-solicitation clauses. On the same day, Global Gas entered into forfeiture agreements with certain Class B common stockholders, including Mr. Nance, resulting in the forfeiture of 1.6 million shares for previously received consideration. Post forfeiture, these holders still possess a total of 2.7 million shares of Class B common stock. The details of these agreements are fully described in the exhibits attached to the Form 8-K filed with the SEC.
On March 4, 2024, Global Gas Corporation, through its wholly-owned subsidiary Global Hydrogen Energy LLC, amended the employment agreement with CEO and Founder William Bennet Nance, Jr. The amendment restructures Mr. Nance's compensation to include contingent payments based on 15% of the company's gross profit, capped at $250,000 annually, replacing his base salary. Additionally, the amendment modifies the terms regarding termination of employment and shortens the restricted period for non-competition and non-solicitation clauses. On the same day, Global Gas entered into forfeiture agreements with certain Class B common stockholders, including Mr. Nance, resulting in the forfeiture of 1.6 million shares for previously received consideration. Post forfeiture, these holders still possess a total of 2.7 million shares of Class B common stock. The details of these agreements are fully described in the exhibits attached to the Form 8-K filed with the SEC.
2024年3月4日，環球天然氣公司通過其全資子公司Global Hydrogen Energy LLC修訂了與首席執行官兼創始人小威廉·班內特·南斯的僱傭協議。該修正案重組了南斯先生的薪酬，以包括基於公司毛利15％的或有付款，每年上限爲25萬美元，取代了他的基本工資。此外，該修正案修改了有關終止僱傭關係的條款，並縮短了禁止競爭和禁止招攬條款的限制期限。同一天，Global Gas與包括南斯先生在內的某些B類普通股股東簽訂了沒收協議，結果沒收了160萬股股票作爲先前收到的對價。沒收後，這些持有人仍擁有總計270萬股B類普通股。向美國證券交易委員會提交的8-K表格所附的證物中詳細描述了這些協議的細節。
2024年3月4日，環球天然氣公司通過其全資子公司Global Hydrogen Energy LLC修訂了與首席執行官兼創始人小威廉·班內特·南斯的僱傭協議。該修正案重組了南斯先生的薪酬，以包括基於公司毛利15％的或有付款，每年上限爲25萬美元，取代了他的基本工資。此外，該修正案修改了有關終止僱傭關係的條款，並縮短了禁止競爭和禁止招攬條款的限制期限。同一天，Global Gas與包括南斯先生在內的某些B類普通股股東簽訂了沒收協議，結果沒收了160萬股股票作爲先前收到的對價。沒收後，這些持有人仍擁有總計270萬股B類普通股。向美國證券交易委員會提交的8-K表格所附的證物中詳細描述了這些協議的細節。
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