Title and Compensation. 5.1 Native title
Title and Compensation. Section A: Title and Compensation Effective on July 1, 2019, increase all annual salaries in the amount of 2.25%. CHELSEA ADMINISTRATORS ASSOCIATION AMENDED SALARIES July 1, 2019 – June 30, 2020 Each position represented by the unit shall be categorized and compensated as follows: Title Step 1 Step 2 Step 3 Director 220 120,216 123,221 126,302 Director 215 117,484 120,422 123,431 Director 205 112,020 114,821 117,691 AP CHS 220 120,216 123,221 126,302 AP - 205 108,114 110,817 113,586 Coordinator 205 101,800 103,836 106,954 Coordinator 215 106,765 108,901 112,170 Coordinator 220 109,248 111,433 114,779 Any employee on Step 1 shall move to Step 2 effective July 1 after spending one school year on Step 1. Any employee on Step 2 shall remain on Step 2 until completing three school years on that Step and shall move to Step 3, effective July 1 following such completion. The Superintendent at his/her sole discretion may give credit for prior experience as an administrator when establishing an employee’s initial placement on the salary schedule.
Title and Compensation. I will be the Managing Director of the Company, and will report directly to Xxx Xxxxxx, President and CEO of Corechange, Inc. I also will be a member of the Corechange Worldwide Management Team. I understand that my base salary will be $135,000 US dollars per annum, to be reviewed annually in January. In addition, the Company will provide me with a guaranteed bonus of $5,000 US dollars per month during the first three months of my employment, for a total guaranteed bonus of $15,000 US dollars. The Company will reimburse me for my automotive expenses, up to $416 US dollars per month, and provide me with a credit card to purchase gasoline for business and private mileage. I further understand that, subject to approval by Corechange, Inc.'s Board of Directors (the "Board"), the Company will provide me with 25,000 options to purchase common stock in Corechange, Inc. with a strike price of $.45. I understand that 10,000 of these shares will vest immediately after this document is signed and the Board of Directors has approved and 15,000 shares will vest over three years. As long as the Company still employs me, the 15,000 shares will vest monthly over a 36 month period starting the date upon which I execute this agreement. If the Company would be acquired or merge with another company all options will vest immediately.
Title and Compensation
