Exhibit 4.6


 


 


AppTech Corp Employee Bonus Plan 


 


Enacted 12/30/2020


 


Purpose


 


This Employee Bonus Plan (the “Plan”) is designed to provide
an effective means to motivate and compensate eligible employees through cash and stock award bonuses on the achievements of business
and individual performance objectives. This Plan is intended to be the Company’s primary vehicle for granting bonuses. However,
the Company may, in certain limited circumstances, grant bonuses outside of this Plan, in the sole discretion of the Company, subject
to the approval of the Company’s Compensation Committee.


 


The compensation contemplated under this Plan is subject to the achievement
of specific performance goals by the Company and by each individual during any relevant time period. The Company believes that such compensation
can be a highly effective form of compensation that can enhance the employer - employee “stakeholder” relationship. In addition,
the Company hopes that by providing short-term incentive compensation, the Company will motivate and increase the retention rate among
its employees which, in turn, will enhance the Company’s long-term value.


 


Who is Eligible?


 


All regular full-time or part-time employees will be eligible to
receive a bonus under the Plan, so long as such Employee has been employed by the Company for the previous 90 days. Further,
executive management who were instrumental in implementing and/or obtaining new clients or new revenue streams are eligible under
the Plan, at the discretion of the current executive management and approval of the Compensation Committee, for a period of three
(3) years after termination so long as the individual was not terminated for cause. All employees that receive commission
compensation are still eligible under the Plan.


 


How Does the Plan Work?


 


Executive management and each respective department establish defined
Target Goals to be achieved on a monthly, quarterly and annual basis. If the Company or Department achieves certain business
results, and the employee achieves certain individual goals, the employee is eligible to receive bonus compensation. Company or
Department business performance results will be measured either based on the Company’s Annual and Quarterly or Monthly Goals
as determined by the CEO and COO, with approval by the Compensation Committee. If the actual results of the Company or Department
business performance for the year and/or exceed or fall short of the Target Goals, then the bonus awards will be adjusted up or
down, depending upon the level of business and individual achievement. The CEO and COO determine, based on the aforementioned
performance metrics, the amounts employees earn through the program. All bonus awards for Executive Management and Officers must be
approved by the Compensation Committee.


 






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Weighted Target Goals based on different performance metrics:


 


	Position	 	Percentage of Bonus Related to Company & Department Business Performance	 	Percentage of Bonus Related to Individual Performance
	Executive Management	 	 	75	%	 	 	25	%
	Officers	 	 	50	%	 	 	50	%
	All Other Employees	 	 	25	%	 	 	75	%




 


How is the Plan Funded?


 


The Plan shall be funded by allocating 8% (eight percent) of Net
Revenue into a high-yield savings account, as selected by the CEO, with the approval of the Compensation Committee. The monies
allocated to such account shall be held with the express purpose of awarding monthly, quarterly and annual bonuses to eligible
individuals. For the avoidance of doubt, Net Revenue shall be defined as revenue derived from any goods and services generated by
AppTech Corp. after all direct costs such as fees and commissions are deducted. Further, the CEO and COO, with approval of the
Compensation Committee may award stock-based compensation that they see fit to award eligible employees. Should such allocated funds
be needed to meet the Company’s short or long-term financial obligations, the CFO may request, and the Compensation Committee
may approve, to draw upon the account to satisfy the Company’s financial obligations. All funds withdrawn in such manner
should be replenished, if fiscally possible.


 


Miscellaneous 


 


The establishment of this Plan, any provisions of this Plan, and/or any
action of the Compensation Committee or any Company officer with respect to this Plan, does not confer upon any employee the right to
continued employment with the Company. The Company reserves the right to dismiss any employee at will (at any time, with or without prior
notice, with or without cause), or otherwise deal with an employee to the same extent as though the Plan had not been adopted.


 


The Company may, at its discretion, provide for any federal, state or local
income tax withholding requirements and Social Security or other tax requirements applicable to the accrual of payment of benefits under
the Plan, and all such determinations shall be final and conclusive.


 


The resolution of any questions with respect to payments and entitlements
pursuant to the provisions of this Plan shall be determined by the Compensation Committee, with the input of the CEO, and all such determinations
shall be final and conclusive.


 


This Plan may be amended by the Compensation Committee, with input from
the CEO.


 


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