Company: TOMZ
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001654954-25-004233
Chunk: 472

Company: TOMI Environmental Solutions, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1A
Chunk 472
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Warrants vested on January 26, 2019 and where modified to expire on January 26, 2034. (9)Options vested on January 26, 2023 and have a term of ten years. (10)Options vested on May 15, 2024 and have a term of ten years. (11)Options pursuant to the 2016 Plan vested on January 3, 2020 and have a term of five years. (12)Options pursuant to the 2016 Plan vested on January 15, 2020 and have a term of five years. (13)Warrants vested on April 24, 2020 and have a term of ten years. (14)Options pursuant to the 2016 Plan vested on October 01, 2020 and have a term of five years. (15)Options vested on January 18, 2022 and have a term of ten years. (16)Options vested on January 26, 2023 and have a term of ten years. (17)Options vested on May 15, 2024 and have a term of ten years. (18)Warrants vested on April 24, 2020 and have a term of ten years. (19)Options vested on January 18, 2022 and have a term of ten years. (20)Options vested on January 26, 2023 and have a term of ten years.

 48Table of Contents

Employment Agreements, Termination of Employment and Change-in-Control Arrangements

Except as described below, we currently have no employment agreements with any of our executive officers, nor any compensatory plans or arrangements resulting from the resignation, retirement or any other termination of any of our executive officers, from a change-in-control, or from a change in any executive officer’s responsibilities following a change-in-control.

Employment Agreements

We have entered into employment agreements with each of the named executive officers and generally include the named executive officer’s initial base salary and an indication of equity compensation opportunities.

Halden S. Shane

On September 22, 2020, we entered into a three-year employment agreement with Dr. Shane, effective October 1, 2020. The agreement provides for a base annual salary of $500,000. The agreement also provides for a signing bonus of 375,000 warrants. Dr. Shane is also entitled