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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，环球天然气公司通过其全资子公司Global Hydrogen Energy LLC修订了与首席执行官兼创始人小威廉·班内特·南斯的雇佣协议。该修正案重组了南斯先生的薪酬，以包括基于公司毛利15％的或有付款，每年上限为25万美元，取代了他的基本工资。此外，该修正案修改了有关终止雇佣关系的条款，并缩短了禁止竞争和禁止招揽条款的限制期限。同一天，Global Gas与包括南斯先生在内的某些B类普通股股东签订了没收协议，结果没收了160万股股票作为先前收到的对价。没收后，这些持有人仍拥有总计270万股B类普通股。向美国证券交易委员会提交的8-K表格所附的证物中详细描述了这些协议的细节。
2024年3月4日，环球天然气公司通过其全资子公司Global Hydrogen Energy LLC修订了与首席执行官兼创始人小威廉·班内特·南斯的雇佣协议。该修正案重组了南斯先生的薪酬，以包括基于公司毛利15％的或有付款，每年上限为25万美元，取代了他的基本工资。此外，该修正案修改了有关终止雇佣关系的条款，并缩短了禁止竞争和禁止招揽条款的限制期限。同一天，Global Gas与包括南斯先生在内的某些B类普通股股东签订了没收协议，结果没收了160万股股票作为先前收到的对价。没收后，这些持有人仍拥有总计270万股B类普通股。向美国证券交易委员会提交的8-K表格所附的证物中详细描述了这些协议的细节。
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