Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 66

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 66
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 the release of material non-public information. Historically, we
have granted stock option awards on an annual basis and as may otherwise be deemed appropriate by our Board or compensation committee
from time to time based on the facts and circumstances, as applicable. We have not intentionally timed the grant of stock options in anticipation
of the release of material nonpublic information, nor have we intentionally timed the release of material nonpublic information based
on stock option grant dates. During fiscal year 2024, we did not grant stock options (or similar awards) to any of our named executive
officers during the period beginning four business days before and ending one business day after the filing of any Company periodic report
on Form 10-Q or Form 10-K, or the filing or furnishing of any Company Form 8-K that disclosed any material non-public information.

Employment Agreements

On August 27, 2021, we entered into an agreement
(the “Employment Agreement”) with Darin Myman effective as of August 15, 2021 pursuant to which Mr. Myman’s (i) base
salary will increase to $450,000 per year, and (ii) Mr. Myman shall be entitled to receive an annual bonus in an amount up to $350,000,
which annual bonus may be increased by the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”),
in its sole discretion, upon the achievement of additional criteria established by the Compensation Committee from time to time (the
“Annual Bonus”). The term of the Employment Agreement will continue for a period of one year from the effective date and
automatically renews for successive one year periods at the end of each term until either party delivers written notice of their intent
not to review at least six (6) months prior to the expiration of the applicable term. In addition, pursuant to the Employment Agreement,
upon termination of Mr. Myman’s employment for death or Total Disability (as defined in the Employment Agreement), in addition
to any accrued but unpaid compensation and vacation pay through the date of his termination and any other benefits accrued to him under
any Benefit Plans (as defined in the Employment Agreement) outstanding at such time and the reimbursement of documented, unreimbursed
expenses incurred prior to such termination date (collectively, the “Payments”), Mr. Myman shall be entitled to the following
severance benefits: (i) 24 months of his then base salary; (ii) if Mr