increasing recognition of currency trading as an alternative investment and as a tool for portfolio diversification by retail traders, authorized traders and investment professionals globally
EX-10.51 4 y79727dexv10w51.htm EX-10.51 exv10w51
EXHIBIT 10.51
Employment Outline
For
Samantha Roady
For
Samantha Roady
Director of Marketing
1. Salary | $80,000 | |
2. Bonus | No cash bonus | |
3. Options | 45,000 out of a current 10,000,000 shares outstanding following GAIN’s completed first venture round. Strike price to be set between $.50 - -$1.10 per share. Three year vest – straight line (ie. You get 1/3 of your options on your first anniversary date). After closing, you will receive a detailed option agreement. Your options are part of an employee options pool that covers yourself and all other GAIN employees. The grant of options will be subject to approval by the Company’s Board of Directors. On top of the 15% employee pool dilution, GAIN will actively be looking for a strategic partner to invest in GAIN and give us additional credibility. This amount is likely to be at least 10% of existing shares. | |
4. Right to Purchase Preferred Stock | None | |
5. Benefits | At this time we are anticipating health insurance (PPO not HMO) 75% funded by GAIN, long-term disability insurance (60% of salary after 180 days), short-term disability insurance, life insurance (equal to salary), workman’s compensation, and a 401k package. | |
6. Legal | All GAIN employees must sign a confidentiality, non-compete and non-hire agreement. All GAIN employees are employees at will. | |
7. Hours | As many as possible. | |
8. Vacation | Three weeks per year. All vacations during the first 6 months of the year 2000 must be approved in advance by the CEO. |
This offer shall terminate if not signed by both parties.
/s/ Mark E. Galant CEO | /s/ Samantha Roady | ||
10/1/99 | 10/1/99 |
