Company: NUTR
Filing Date: 2025-05-23
Form Type: S-1/A
Source: 0001641172-25-012203
Chunk: 123

Company: NUSATRIP Inc
Filing Date: 2025-05-23
Form: S-1/A
Chunk 123
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 our Chief Marketing Officer, Anson Neo, to become effective as of the effective date of the registration statement of which this prospectus forms a part, we agreed that, for a five-year term, unless terminated earlier in accordance with its terms, we will pay Mr. Neo an annual salary of US$132,000. Additionally, Mr. Neo will be entitled to an equity compensation of NusaTrip’s stock equivalent to the Company’s stock equivalent to US$4,000 per month. Mr. Neo will also be eligible to participate in all long-term incentive plans (including any equity incentive plan) sponsored by the Company. Mr. Neo will be provided with standard executive benefits. The Company will also provide standard indemnification and directors’ and officers’ insurance. The Company may terminate Mr. Neo’s employment by giving at least 30 days written notice. All other compensation shall cease as of the date of termination and the Company shall pay all previously earned, accrued and unpaid compensation. Mr. Neo is also subject to standard confidentiality and non-competition provisions.

Under our employment agreement with our Executive Chairwoman, Heather Maynard, we agreed that, unless terminated earlier in accordance with its terms, we will pay Ms. Maynard an annual salary in the amount of EUR 120,000 (approximately $130,492). Additionally, Ms. Maynard will be entitled to reimbursement to all reasonable and necessary business expenses, and to participate in all long-term equity incentive plan subject to the discretion of the board and/or compensation committee. Ms. Maynard will be provided with standard executive benefits. The Company will also provide standard indemnification and directors’ and officers’ insurance. The Company may terminate Ms. Maynard’s employment by giving at least 30 days written notice. All other compensation shall cease as of the date of termination and the Company shall pay all previously earned, accrued and unpaid compensation. Ms. Maynard is also subject to standard confidentiality and non-competition provisions.

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Outstanding Equity Awards at Fiscal Year-End

As at March 31, 2025 and December 31, 2024, there were no outstanding equity awards.

Securities Authorized for Issuance Under Equity Compensation Plans

Up to 1,200,000 shares of common stock to Company employees, officers, directors, consultants, and advisors are available under the Society Pass Incorporated 2023 Equity Incentive Plan.

Executive Compensation Recovery Policy

Prior to the effectiveness of the registration statement of which this prospectus is a part, we intend to adopt