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Re: Beachfrontbuy post# 816

Tuesday, 03/23/2010 7:28:00 PM

Tuesday, March 23, 2010 7:28:00 PM

Post# of 6256
Take a look at your Proxy on page 12, the employment agreements.

President Bill Schmitz gets a $25,000 bonus if WindTamer gets $2.5 million in revenue and/or government grants by 12/31/10.

VP Operations Adeeb Saba gets a 4% bonus up to $2.5 million ($100,000) plus 1% for $2.5 million to $10 million (up to another $75,000).

Founder and CEO Gerald Brock is "eligible for a bonus at the discretion of the Board of Directors to be paid solely out of positive EBITDA."

If they don't hit $2.5 million to $10 million this year, it won't be from lack of trying! I am guessing that they must expect to go a lot higher.

If these guys have such bonuses, there MUST be something in the employment agreement for the VP of Sales, Mark Matthews. Anybody got it? For some reason, it's not listed with the others. Guess I'll have to go digging.
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