ChronoScale Holdings Corporation has entered into a new employment agreement with Chief Financial Officer, Jerome Wong, effective August 16, 2026. The agreement establishes a new compensation structure, including an increased base salary, a target bonus, and a significant equity award.
Key Details
- Compensation Package: Mr. Wong will receive an annual base salary of $400,000 and is eligible for an annual performance bonus with a target of 60% of his base salary. The agreement also includes a one-time "true-up" payment to retroactively apply the new salary rate to the period starting May 5, 2026.
- Equity Grant: The company granted Mr. Wong 300,000 restricted stock units (RSUs). One-third of the RSUs will vest on May 5, 2027, with the remainder vesting in equal semi-annual installments over the following two years.
- Severance Terms: The agreement outlines severance benefits, including cash payments equal to six months of base salary for termination without cause, and nine months of base salary and benefits for a qualifying termination following a change in control.