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Re: beartrap12 post# 703229

Tuesday, 07/02/2024 9:17:34 PM

Tuesday, July 02, 2024 9:17:34 PM

Post# of 725844
From my understanding, NEO is named executive officer. It seems as if the current officers were to lose control of the company, it would trigger some type of payout (if this clause was included in the contract). The way things currently are, I don’t see that happening. However, if a partner was to come in with substantial control, that may be a reason why the officers would want that type of language in their contracts.
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