Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

Free
Message: Another disappointment by PTSC?

The only contract filing I've ever seen for Goerner was filed in an 8-K on May 20, 2008. This is still the one referenced in the exhibits part of the latest 10-Q so I'm assuming that it still applies as no amendments are referenced. If you've seen something different, please let me know when you have time. Thanks.



http://www.sec.gov/Archives/edgar/da...



" 5. Compensation.

5.1 Base Salary. Executive shall be paid an annual base salary of Two Hundred Fifty Thousand Dollars ($250,000), payable according to Employer's payroll schedule and subject to applicable state and federal withholdings and other payroll deductions.
5.2 Bonus. In addition to Executive's base salary, Executive shall receive an amount equivalent to his annual base salary at the time Executive's interim position is converted by the Board of Directors to the Company's standing President/CEO or upon the expiration of the nine month period after the Effective Date, whichever occurs first, providing Executive remains employed by the Company at such time. In the event Executive's employment is terminated without cause (and not by death or disability) during the nine (9) month period after the Effective Date, Executive shall receive a pro-rata portion of the bonus based on the term Executive was actually employed by the Company."
Share
New Message
Please login to post a reply