No...he doesnt lose his first year salary...
Year 1 2022: 300k
Year 2 2023: 300k
Year 3 2024: 500k
Year 4 2025: 500k
Year 5 2026: 500k
Year 6 2027: 750k
Year 7 2028: 750k
Year 8 2029: 750k
Year 9 2030: 1.0 million
Year 10 2031: 1.0 million
If he stays it looks like this
Year 1 2023: 300k
Year 2 2024: 300k
Year 3 2025: 500k
Year 4 2026: 500k
Year 5 2027: 500k
Year 6 2028: 750k
Year 7 2029: 750k
Year 8 2030: 750k
Year 9 2031: 1.0 million
In scenario 1, he has $7.1 million in his career when he retires
In scenario 2, he has $6.1 million when he retires
$1 million isnt his first year salary
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In response to this post by MVIII)
Posted: 04/10/2021 at 06:50AM