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> There are some conditions to the raises and bonuses. In the immediate future, Aydt and Jia will actually be paid at a prorated base salary of $550,000 and $61
by CaptainOfCoit 2y ago
> There are some conditions to the raises and bonuses. In the immediate future, Aydt and Jia will actually be paid at a prorated base salary of $550,000 and $612,000, respectively, and they have to agree to spend at least $340,000 of that money on buying company shares. They will only receive the rest of their raises if, and when, the company restores the full salaries of all other employees. (Both Aydt and Jia had been working at reduced salaries as well.)
> The one-time bonuses will be paid out in chunks, with each of them receiving 25% of the money on September 30, another 25% on October 31, and the remainder on the earlier of September 30, 2025, or the completion of a funding round greater than $30 million.
So they don't actually get the raises and bonuses yet, and them getting it hinges on organizing another funding round of more than $30 million.