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RoyHargroveon Retention and exit bonuses usually “discretionary” & “subject to cash”?

Orbz - that was incredibly insightful, thanks - I have googled preferred stock and have now understood what you mean - I will ask the relevant questions regarding investment already raised.

RoyHargroveon Retention and exit bonuses usually “discretionary” & “subject to cash”?

Thanks Criticas, you have gotten my cogs and gears moving. The CEO will definitely exit with the company - but surely the exit bonus will come through for all employees at the same time (or just after) the proceeds of the sale are split amongst all other investors/shareholders?

Also how is the question of being retained by the new company related to the exit bonus? Surely that would be down to the current administration, as the new company would have nothing to do with it.