Data Storage Corporation Chief Financial Officer Employment Offer Letter to Chris H. Panagiotakos
Data Storage Corporation offers Chris H. Panagiotakos the position of Chief Financial Officer, contingent on a Nasdaq uplisting and capital raise by May 31, 2021. The role is full-time, at-will, and subject to background checks. Compensation includes a $200,000 base salary and up to $50,000 in performance-based bonuses. Benefits include health coverage, three weeks of vacation, and eligibility for stock options after one year. Chris must sign confidentiality and non-compete agreements and follow company policies. The agreement is governed by New York law.
Exhibit 10.14
April 27, 2021
Mr. Chris H. Panagiotakos
1013 Plandome Road
Manhasset, NY 11030
Dear Mr. Panagiotakos:
Welcome to Data Storage Corporation. We look forward to you joining our team. Over the last twenty years DSC has been a leader from disaster recovery and business continuity solutions in 2001 to our IBM Power Cloud in 2014. Today, we continue with our data centers, infrastructure and growing our distribution channels while supporting clients globally across many industries.
We are excited to offer you a position as Chief Financial Officer. This employment offer is subject to an up listing to Nasdaq and a capital raise which should be by May 31, 2021. Your employment will be “at-will.” and is subject to background and reference checks. You will report to the Company’s Chief Executive Officer. This is a full-time position. By signing this letter agreement, you confirm to the Company that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company.
Your annual compensation package will be $250,000 consisting of a base of $200,000 and up to $50,000 incentive bonus based on performance and the performance of the Company which will be defined over the first 90 days.
Our health benefits program is one of the best in the industry. You will be entitled to three weeks vacation along with other Company paid time-off. The Company has an employee stock option program that team members are eligible for after their first year with the Company. All additional benefits will be reviewed during your orientation.
Like all Company employees, you will be required, as a condition of your employment with the Company, to sign the Company’s standard Employee Confidentiality and Non-Compete Agreement, a copy of which is attached hereto as Exhibit A. In addition, you will be expected to abide by Company rules and policies, and acknowledge in writing that you have read the Company’s Employee Handbook. This employment offer shall be governed by New York law.
Please sign below to acknowledge your acceptance and return to me. If you have any questions concerning the above details, please contact me at ###-###-####.
We look forward to having you on the team. Welcome aboard!
Very truly yours,
/s/ Wendy Schmittzeh
Wendy Schmittzeh
Manager, Administration
ACKNOWLEDGMENT
| Applicant Signature: /s/ Chris H. Panagiotakos | April 28. 2021 |
Excellence in Cyber Security, Cloud & Compliance
48 South Service Road, Suite 203, Melville, NY 11747
Main Tel: 212 ###-###-#### • Fax: 212 ###-###-#### www.datastoragecorp.com
