EXHIBIT 10.21
NYB Holdings Ltd
Docusign Envelope ID: 34AB8BAE - C7D1 - 45E1 - 8985 - 8F0716D68BB8 2.3 Any breach of this Clause constitutes a material breach of this Agreement, entitling the Company to terminate employment summarily and seek damages or injunctive relief. 3. JOB DESCRIPTION The Employee's duties and responsibilities are as set out in Annex A (Job Description) and may be varied or supplemented by the Company from time to time. 4. REMUNERATION 1. Basic Salary: SGD20,000 per month, payable no later than seven (7) days after the last day of each completed month. 2. Retention Bonus: Up to SGD80,000 payable in two tranches: • SGD40,000 upon successful completion of de - SPAC transaction. • SGD40,000 upon achievement of KPIs for FY2025 by 30 September 2026. 3. Equity/Options : The Employee shall be eligible to participate in the Company's Employee Share Option Plan (ESOP), subject to the terms and conditions ofsuch plan as may be adopted and approved by the Board from time to time . The specific number ofoptions, vesting schedule, exercise price, and other terms shall be determined in accordance with the
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