EX-10.1
from 8-K
3 pages
Position/Title: Chief Operating Officer – Classified as an Exempt Position Under the Fair Labor Standards Act. You Will Not Be Eligible for Overtime Pay. You Will Report Directly to the Chief Executive Officer. Employer: Your Employer Will Be Bird & Cronin, LLC (“Employer”) and You Will Be Eligible for Dynatronics Benefits as Described Below. Pay Rate: Starting Salary Will Be $250,000.00 Usd a Year, Paid $9,615.38 Bi-Weekly (Every Other Friday) Paid via Direct Deposit by Employer. Annual Bonus: Starting With Dynatronics Fiscal Year 2022 (July 1, 2021 – June 30, 2022), You Will Be Eligible for an Annual Cash Bonus, Pro Rata, for a Targeted Payout of $43,500 (17.5% of Base Salary) Cash Usd. the Cash Bonus Will Be Based on Dynatronics Results and Successful Completion of Individual Performance Against Set Goals. You Must Be Employed on the Date the Bonus Is Paid in Order to Be Eligible. the Compensation Committee of the Board of Directors Will Assess the Goals to Determine Annual Payout. Bonuses, if Approved, Are Generally Paid in September Following a Plan Year. Annual Equity Award: You Will Be Eligible for an Annual Equity Award, Pro Rata, of Restricted Stock Units (“Rsus”) Up to a Targeted Value of $43,500 (17.5% of Base Salary). the Rsus Will Be Priced at the Closing Market Share Price of Dynatronics Common Stock on the Date of the Grant. Fifty Percent (50%) of the Rsus Will Vest on the Date of the Grant and Fifty Percent (50%) of the Rsus Will Vest on the First Anniversary Date of the Grant. the Annual Equity Award Will Be Based on Dynatronics Results and the Successful Completion of Individual Performance Against Set Goals. the Compensation Committee of the Board of Directors Will Assess the Goals to Determine Annual Award. Bonuses, if Approved, Are Generally Paid in September Following a Plan Year. Responsibilities: The Following Duties of This Position Are Intended to Be Illustrative and Not Inclusive
12/34/56
