Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / initial-term-sheet-ellender.docx
initial-term-sheet-ellender.docx
Parties
Redstone Gaming Corp
Harkness LLP
Omnibus Inc
Mosley LLP
General Counsel Redstone Gaming Corp
Resources Officer Redstone Gaming Corp
Dates
November 17, 2023
February 15, 2024
February 14, 2027
October 2, 2023
February 15, 2025
February 15, 2026
February 15, 2027
Amounts
$650,000
$552,500
$1,105,000
$300,000
$8,333.33
$38.20
$1,337,000
$764,000
$150,000
$975,000
Obligations
No other officer or employee of the Company shall have supervisory authority over Executive except the Chief Executive Officer and the Board of Directors
The provisions regarding the Initial Term and Renewal Terms are intended to govern the notice requirements for non-renewal and the calculation of certain severance benefits and shall not be construed to guarantee employment for any specific duration
Notwithstanding the foregoing, during the Initial Term, Executive's Base Salary shall not be decreased below Six Hundred Fifty Thousand Dollars ($650,000) without Executive's prior written consent
Any increase in Base Salary during the Initial Term or any Renewal Term shall establish a new minimum Base Salary floor for purposes of this provision
The maximum Annual Bonus payable to Executive in any fiscal year shall not exceed one hundred seventy percent (170%) of Executive's then-current Base Salary (the "Maximum Bonus")
1 below), in either case within thirty-six (36) months of the Effective Date, Executive shall repay the Signing Bonus to the Company on a pro-rata basis