Post by spambox on Nov 20, 2015 3:37:14 GMT
Payment of Annual Bonuses
The Company expects to pay out annual incentive bonuses with respect to fiscal year 2015 to its employees immediately prior to the closing of the Merger, including to its executive officers, under the Company’s 2015 Bonus Plan. The aggregate amount to be paid is estimated to be $2,267,332, prior to withholding of taxes. The amounts of the annual incentive bonuses that are expected to be paid to each of the executive officers are set forth below.
Name Annual Bonus ($)
Paul Wotton $481,491
Edward Myles $259,000
Eddy Angladen$150,000
Robert Lanza $ 400,000
H. LeRoux Jooste $360,000
"So they show their true colors again, the 5 amigas will get $1,650M of the total incentive payout of $2,267M payout or 72% while the worker bees get 28% and the new incentive plan that is 1 year old and was professed to last for 10 years ends up paying out over 50% of the $4M total after only one year."
source:
investorstemcell.com/forum/ocata-sec-documents-patents-legal-matters-etc/52588-2.htm#post328684
investorstemcell.com/forum/ocata-sec-documents-patents-legal-matters-etc/52588-2.htm#post328694
The Company expects to pay out annual incentive bonuses with respect to fiscal year 2015 to its employees immediately prior to the closing of the Merger, including to its executive officers, under the Company’s 2015 Bonus Plan. The aggregate amount to be paid is estimated to be $2,267,332, prior to withholding of taxes. The amounts of the annual incentive bonuses that are expected to be paid to each of the executive officers are set forth below.
Name Annual Bonus ($)
Paul Wotton $481,491
Edward Myles $259,000
Eddy Angladen$150,000
Robert Lanza $ 400,000
H. LeRoux Jooste $360,000
"So they show their true colors again, the 5 amigas will get $1,650M of the total incentive payout of $2,267M payout or 72% while the worker bees get 28% and the new incentive plan that is 1 year old and was professed to last for 10 years ends up paying out over 50% of the $4M total after only one year."
source:
investorstemcell.com/forum/ocata-sec-documents-patents-legal-matters-etc/52588-2.htm#post328684
investorstemcell.com/forum/ocata-sec-documents-patents-legal-matters-etc/52588-2.htm#post328694
