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Biotech / Medical : Biotech for less than cash value -- Ignore unavailable to you. Want to Upgrade?


To: keokalani'nui who wrote (514)6/3/2019 7:35:10 PM
From: DewDiligence_on_SI  Respond to of 684
 
VICL actually got much more equity in the merged company (40%) than you typically see in this kind of deal.



To: keokalani'nui who wrote (514)6/3/2019 11:10:54 PM
From: rkrw  Respond to of 684
 
All disclosed before but here's what they get as a reward for running the company into the ground, change of control line, working against their shareholders till the very end.

The following table provides details of potential payments which could occur upon termination of the named executive officers or in the event of a change of control of the Company assuming a triggering event occurred on December 31, 2017.





Name



Cash Severance Payment($)(1)





Bonus

Payment($)





Health

Insurance Premiums($)(1)





Acceleration

of Equity Awards($)(2)













































Vijay B. Samant





































? Involuntary termination without cause





861,000







390,000







35,223







16,219







? Voluntary resignation for good reason





861,000







390,000







35,223







16,219







? Change in control





1,148,000







390,000







35,223







16,219













































Larry R. Smith, Ph.D.





































? Involuntary termination without cause





303,042







80,000







20,520







3,024







? Voluntary resignation for good reason





303,042







80,000







20,520







3,024







? Change in control





454,563







80,000







20,520







3,780













































Mammen Mammen, Jr., M.D.





































? Involuntary termination without cause





341,047







95,000







1,795







2,595







? Voluntary resignation for good reason





341,047







95,000







1,795







2,595







? Change in control





511,571







95,000







1,795







3,244













































Anthony A. Ramos





































? Involuntary termination without cause





280,757







85,000







33,418







2,595







? Voluntary resignation for good reason





280,757







85,000







33,418







2,595







? Change in control





421,136







85,000







33,418







3,244