From his hiring 8-K: "The Company has agreed to pay Mr. Banerjea an annual salary of $150,000, of which $100,000 will be payable in cash and $50,000 of which will be payable in shares of the Company’s common stock. Such shares will be issued quarterly based on the closing price on the last trading day of the applicable quarter. Mr. Banerjea will also be eligible for bonus compensation at the Company’s discretion."
From the latest 10-K: "In conjunction with the Company’s 2016 Incentive Plan (Rahoul S Banerjea) , options to purchase 2,250,000 shares of common stock with the exercise price of $0.17. 2,250,000 of the shares are vested at December 31, 2016." ----------------------------------------- Rahoul S.Banerjea Chief Financial Officer 2017 72,454(2) - 2016 49,237(2)
(2) Cash compensation paid is noted in the above table. Mr. Banerjea’s employment commenced on March 17, 2014. Mr. Banerjea significantly reduced his hours starting March 2016 to redirect cash towards operating expenses. Mr. Banerjea’s elected to receive $50,000 of his annual salary compensation in shares of common stock which has not been paid. $50,000 a has been accrued in each of 2017 and 2016 for such obligation. The dollar amounts do not necessarily reflect the dollar amounts of compensation actually realized or that may be realized by our named executive officers.
---------------------------------- Rahoul S. Banerjea, Chief Financial Officer 4,250,000 (2)
(2) Represents option awards to purchase 4,250,000 shares of Common Stock.
Form 8-K: "On April 18, 2018, Rahoul S. Banerjea informed the Board of Directors of Plastic2Oil, Inc. (the “Company”) of his resignation from his position as the Company’s Chief Financial Officer, effective April 18, 2018. The Company plans to conduct a search for a qualified replacement."
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