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If I understand correctly he is just trying to col

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Post# of 154145
(Total Views: 594)
Posted On: 08/23/2019 7:51:32 PM
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Posted By: TechGuru
Re: Evil Rabbit #6561
If I understand correctly he is just trying to colect salary for two year plus any due bonuses ??? Is there anything else I am missing ??: Unless the conditions described herein are cured in full - such that Good Reason for his resignation no longer exists - within the aforementioned 35-day period, Dr. Pestell intends to resign from the Company for Good Reason. In such event, he shall be entitled to receive, interalia, continued payment of his base salary for the remainder of his three-year employment term (i.e., through November 2021), as well as the payment of any annual or supplemental bonus that is payable but not yet paid and a pro-rata bonus for the fiscal year in which his resignation occurs.
See Employment Agreement, Section 4.l(c)(ii). In addition, in the event of Dr. Pestell's resignation for Good Reason, "all stock options and other awards" Dr. Pestell has "shall vest and, in the case of stock options or like awards, become exercisable, to the extent not already vested and (if applicable) exercisable, on the Termination Date and the exercise period for all such stock options shall be extended until the date that is one (1) year after the effective date of
termination of employment." See Employment Agreement, Section 4.1(c)(ii)(D). 15


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