Enumeral Biomedical Holdings Inc fka ENUMQ

[Rogerthat1]

Ex CEO will get $263K for the next year for doing a bunch of nothing.

Dr. Tinkelenberg will remain a member of the Company’s board of directors.

Pursuant to the terms of the Separation Agreement, the Company will pay Dr. Tinkelenberg his annual base salary of $262,500, less applicable tax withholdings (the “Severance Payment”), for a period of twelve months from the Separation Date (the “Severance Period”). In addition, the Company will pay Dr. Tinkelenberg a lump sum amount of $10,000, less applicable tax withholdings, to be used for the purchase of health coverage, life insurance, disability insurance, or any other purpose Dr. Tinkelenberg chooses. In the event a Change of Control of the Company (as such term is defined in the Amended Employment Agreement) occurs during the Severance Period, the remaining then-unpaid portion of the Severance Payment shall be paid in a lump sum in lieu of any further salary continuation payments.