Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 281

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1A
Chunk 281
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 awarded based on the percentage of an annual gross profit target that is attained, as follows: (a) $6,250 if 95% of
the target is certified as attained, (b) $25,000 if 100% of the target is certified as attained; (c) $37,500 if 110% of the target is
certified as attained; or (d) $50,000 if 120% of the target is certified as attained. An annual net profit-based cash bonus will also
be awarded based on the percentage of annual net profit target that is certified as attained, as follows: (a) $5,000 if 95% of the target
is certified as attained, (b) $20,000 if 100% of the target is certified as attained; (c) $30,000 if 110% of the target is certified as
attained; or (d) $40,000 if 120% of the target is certified as attained. In accordance with the Browner Employment Agreement, each cash
bonus will be paid in three equal installments in the third, fourth and fifth months of the fiscal year following the fiscal year in which
the respective target or targets are attained upon certification of the attainment of the respective target or targets.

61

Five of
the six annual equity bonuses will consist of the grant of fully-vested shares of common stock and the vesting of a portion of the stock
option granted each year under the Browner Employment Agreement. The other annual equity bonus will consist of the vesting of a portion
of such stock option only. In each case, each annual equity bonus will be based on whether such bonus’s designated target or target
percentage is certified as attained, as follows: (1) grant of 5,000 shares and vesting of the stock option as to 7,500 shares if the annual
sales target is certified as attained; (2) grant of 5,000 shares and vesting of the stock option as to 7,500 shares if the annual gross
profit target is certified as attained; (3) grant of 5,000 shares and vesting of the stock option as to 7,500 shares if the annual net
profit target is certified as attained; (4) grant of 10,000 shares and vesting of the stock option as to 12,500 shares if 125% of the
annual net profit target is certified as attained; (