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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，環球天然氣公司向美國證券交易委員會提交了附表13D的修正案，表明股份所有權和高管薪酬協議發生了重大變化。舉報人小威廉·貝內特·南斯已簽訂沒收協議，導致144萬股B類普通股被沒收。沒收後，Nance可能被視爲實益擁有2,000,000股A類普通股，約佔已發行股份的26.9％。該所有權包括在將B類股票交換爲A類股票後的60天內收購股票的權利。此外，南斯還修改了與全球氫能的僱傭協議，他擔任該公司的首席執行官兼創始人。該修正案對他的薪酬進行了重組，將發行人毛利潤的15％的毛利支付（每年最高25萬美元）包括在內，以取代其基本工資。該修正案還修改了某些禁止競爭和禁止招攬條款，並更新了終止注意事項。向美國證券交易委員會提交的《僱傭協議修正案》和《沒收協議形式》中詳細介紹了這些變更。
2024年3月4日，環球天然氣公司向美國證券交易委員會提交了附表13D的修正案，表明股份所有權和高管薪酬協議發生了重大變化。舉報人小威廉·貝內特·南斯已簽訂沒收協議，導致144萬股B類普通股被沒收。沒收後，Nance可能被視爲實益擁有2,000,000股A類普通股，約佔已發行股份的26.9％。該所有權包括在將B類股票交換爲A類股票後的60天內收購股票的權利。此外，南斯還修改了與全球氫能的僱傭協議，他擔任該公司的首席執行官兼創始人。該修正案對他的薪酬進行了重組，將發行人毛利潤的15％的毛利支付（每年最高25萬美元）包括在內，以取代其基本工資。該修正案還修改了某些禁止競爭和禁止招攬條款，並更新了終止注意事項。向美國證券交易委員會提交的《僱傭協議修正案》和《沒收協議形式》中詳細介紹了這些變更。
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