BOS agrees performance contract with MD

BOS GLOBAL Holdings has entered into a performance activity contract for 2017 with its managing director, Michael Travia. The term of the agreement is for 12 months from 1 January and total remuneration will be either A$13,200 OR A$253,200 net of applicable taxes and consisting of a monthly retainer of A$1,000 and a performance bonus of A$240,000 net of applicable taxes, payable on the company achieving operating breakeven on or before 15 December 2017 Operating breakeven is defined as the company achieving monthly revenue equal to or greater than its monthly operating expenses at the time of approval and payment of Travia’s performance bonus.

At 9:43am: (LON:BOS) BOS Global Holdings share price was -0.38p at 11.75p

Story provided by