Reliance Global Group (RELI) has released an update to notify the public and investors about its officers.
Reliance Global Group, Inc. has entered into an executive employment agreement with Ezra Beyman, who will continue as CEO and Chairman of the Board with a base salary of $425,000 and an annual equity award valued at 50% of his salary. This agreement, with an initial two-year term automatically extendable for another two years, allows for discretionary bonuses and includes at-will employment terms, confidentiality, intellectual property ownership, and a three-year non-solicitation clause. It features arbitration for disputes and specifies legal proceedings to be in New Jersey, all governed by Florida laws.
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For a comprehensive understanding of the announcement, you can read the full document here.
