Options Media Group Holdings, Inc. (PINK:OPMG) Signed Three-year Employment Agreements With Scott Frohman And Keith St. Clair
Posted on | July 11, 2011 | No Comments
Few days ago, Options Media Group Holdings, Inc. (PINK:OPMG) filed for SEC the new employment agreements with Scott Frohman, the company’s Chief Executive Officer, and Keith St. Clair, the company’s Chairman.
The agreements sound like a natural follow up on the company’s Bieber Agreement, taking in consideration as well the positive developments of OPMG during last three months.
The contracts are in unison with com
pany’s willingness to make its flagship product named “Drive Safe” a next-generation software, with the most robust set of features and functions available today. Part of the compensation package are the performance bonuses. The CEO and the Chairman of OPMG will receive quarterly and annual performance bonuses, bound with company’s operational results. As stated by Options Media, the bonuses will be payable in cash or shares of common stock equal to 5% of the company’s earnings before interest, taxes, depreciation, and amortization (“EBITDA”) for the applicable period.
Tags: free-proxy-checker > keith-st-clair > keith-st-clair-opmg > keith-st-claire-option-media > opmg > opmg-frohman > options-media-group-71111 > options-media-inc-scott > scott-frohman-options-media
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