Damon Inc. has announced a new executive employment services agreement for its CEO, Dominique Kwong, effective from July 16, 2025, to July 16, 2028. The agreement includes a gross monthly salary of CAD$39,947, along with a potential yearly cash bonus and short-term incentive payment of up to 100% of his annual salary, contingent on performance goals set by the Board. Additionally, Mr. Kwong will receive a time-based vesting incentive stock option and a restricted stock unit award, each allowing him to acquire up to 1,000,000 common shares of the company. The agreement also provides for a participation in any long-term incentive programs, full employee benefits, and four weeks of vacation per year. In recognition of the agreement, Mr. Kwong will receive a one-time signing bonus of CAD$126,110. Termination provisions include a severance package and benefits extension under certain conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Damon Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-065191), on July 17, 2025, and is solely responsible for the information contained therein.
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