Tecogen (TGEN) has shared an update.
Tecogen Inc. has introduced a performance bonus plan for its CEO and key senior executives, promising a one-time payout if the company records positive Adjusted EBITDA for two straight quarters, surpassing a 2% threshold following bonus accruals. Under this plan, the CEO stands to gain $50,000, while figures such as the Chief Operating Officer, Chief Accounting Officer, Vice President of Operations, and General Counsel are each slated to receive $35,000 upon meeting the set financial targets.
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