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Note 11 - Employment Agreements
3 Months Ended
Mar. 31, 2015
Notes  
Note 11 - Employment Agreements

NOTE 11 – EMPLOYMENT AGREEMENTS

 

On January 21, 2015, the Company entered into employment agreements with certain key employees.  The agreements require total annual base compensation of $290,000 and provide the ability for the key employees to receive certain option or stock grants based on the achievement of performance goals.  The agreements provide an average of six months of severance for Termination Without Cause or Change of Control (each as defined in the employment agreements) totaling $145,000 along with the acceleration and immediate vesting of all unvested stock options, warrants and/or restricted stock granted.