Chinese Super hero Novel Chapter 3160 update || Chapter 6567 & 6568 || Chapter 3160: Ten-year Agreement | Wade latest Chapters today's update Free Asian Novels

Chapter 3160 Ten-year Agreement

Knight didn't know at this time that Jimmy had already made other plans.

Although he was reluctant to give up the 200,000 shares of options, he could only grit his teeth and agree when he thought that the Rothschild family, a behemoth, was standing behind Jimmy. He said, "Okay! 200,000 shares is 200,000 shares! 200,000 shares of options, and 12 million US dollars per year is relatively safe. As our business not only improves, the annual dividend amount will definitely increase further. Jimmy, your future at Ellis Law Firm is limitless!"

Although Knight made this decision with the belief of a hero cutting off his arm, Jimmy frowned again at this time.

Because after a simple calculation, Jimmy came to a conclusion that he now needs more cash than options.

Options are more like a bet, betting on whether the company's future development will be vigorous.

If the company develops rapidly, options worth one million today may be worth tens of millions or even more next year, but if the company starts to go downhill, then options worth one million today may only be exercised at a price of one hundred thousand or even lower next year.

The board members present all felt that the future development of Ellis Law Firm would be rapid, not only because they had the best team and the greatest reputation in the United States, but also because one of their biggest competitors, Smith Law Firm, had already shifted its focus to China. Although they did not give up their business in the United States, their main focus had shifted, and the total amount of their business in the United States had naturally declined to a certain extent. These were all growth points for Ellis Law Firm.

But Jimmy knew very well that when he left here with ten backbones, Ellis Law Firm would inevitably enter a period of rapid decline. In this case, what options would he need? Of course, cash was the safest choice.

So he said, "I am a short-sighted person. When my eldest brother and my eldest sister-in-law founded Smith Law Firm, they offered to give me 30% of the shares so that I could join and start a business with them. I felt that the failure rate of starting a business was high and it was not as safe as getting paid monthly for a job, so I did not agree. Now that you are giving me options, I still feel that it is not as safe as cash."

After that, he said, "How about this, we still sign a ten-year agreement, but I don't want any options, and I will return all the options I was given before. Didn't Knight just say that these 200,000 options can be distributed at least 12 million a year, and will be distributed more and more in the future? How about this, I will return these 200,000 options to you, and in the next ten years, you only need to discount it to me 10 million US dollars every year. Even if the company's performance gets better and better in the future, and the 200,000 options can be distributed 20 million or even more every year, I will not regret it and come to you to change the agreement. In the next ten years, I only want cash."

When Knight heard this, his expression was a little surprised at first, but soon returned to normal.

He knew Jimmy's character. To put it nicely, he was cautious, and to put it bluntly, he was stingy.

In Chinese mythology, one can find a prototype that is almost identical to him, that is Pixiu.

In other words, this person always has money in his pocket and never out.

Although he was already a senior partner of the law firm, he was always unwilling to spend money to subscribe for even one option.

Generally speaking, in addition to board incentives, partners can also obtain options through board sales. Most of the time, they give a part and then sell a part, which can also allow partners to participate with money. Once they really pay, they will truly regard themselves as part of the law firm and work harder.

This method is applicable to most people, except Jimmy.

Jimmy's investment philosophy is that everything can be invested except money, but money is not. If he can make one million without investing money, and can make two million with a high probability by investing 100,000, then he will definitely choose not to invest money to make one million.

So at this time, wanting money instead of options is indeed in line with his personality.

After thinking this through, Knight did not dwell too much on this issue, thinking to himself: "No matter whether he wants options or cash, in short, as long as he signs a 10-year contract with me, it is enough to ensure that he will not regret it and will not leave me in 10 years. Since Steve Rothschild is behind him, as long as he stays in Ellis, I can rest assured! Now that the company is booming, it is his loss if he does not want options. You can't blame me if you regret it in the future."

So Knight said very straightforwardly: "No problem, Jimmy! Since you insist on taking cash, then we will do as you say, sign a 10-year agreement, and I will pay you an additional bonus of 10 million US dollars every year to offset it.

"You have promised to double my base salary, which is 4 million. My guaranteed income is 14 million dollars a year." Knight waved his hand and said, "Jimmy, you are too conservative .

4 million is your base salary, 10 million is your options in cash. If you perform well, you will get specific performance bonuses and project bonuses. With your ability, it is not a problem to make 20 million a year."

Jimmy shook his head very modestly and said, "I know my own situation very well. Let's not talk about bonuses. As long as you write the 14 million into the contract, I can sign it at any time."

"Okay!" Knight said with a smile, "Then let's sign the contract as soon as possible. I'll have someone prepare the contract."

Jimmy reminded him, "Oh, by the way, we haven't talked about the breach of contract compensation clause yet."

Knight hurriedly said, "Oh, Jimmy, I trust you 100%. There is no need to make any breach of contract clause."

What Knight was thinking was that this guy is backed by the Rothschild family. Even if he really breached the contract, he would not dare to settle the score with him. Instead of doing this, it is better to do a favor and let him feel his trust in him.

But he didn't expect that Jimmy said very seriously at this time: "Knight, I'm not afraid that I will regret it, I'm afraid that you will regret it. What if you want to terminate the contract with me in advance, what should I do? I must have certain guarantees."

"How could that be!" Knight hurriedly said: "Based on our relationship and my trust in you, it is absolutely impossible for me to terminate the contract with you in advance."

Jimmy nodded and said: "Although I trust you, we still have to keep a written agreement to avoid any problems in the future."

Then, Jimmy said: "How about this, we don't need other cumbersome clauses. I only have one. If you terminate the cooperation with me before the end of these 10 years, you must compensate me for all the salary and option cash for ten years in one lump sum, okay?"

Knight said without hesitation: "Don't worry, I have absolutely no problem! I'll do as you say!"