OncoSec Medical Inc (ONCSQ)

[guti]

Low, if that was the case and she left, why would Oncosec give Ms. Vallejo more than a year’s severance pay (which includes 30 days pay in LIEU of notice under her employment agreement) as stated on the 8-K.
Ms. Vallejo signed a release in "favor" of the Company, which Oncosec agreed to accelerate the vesting of stock options held by her as of the date of her termination, and extend the exercise period for one year post-termination for all of her vested stock options.

This decision by Oncosec is more than what was agreed to under the Amendment to Employment Agreement made between Oncosec and Veronica Vallejo as of August 2, 2013:
1.1 Section 4.3.5.1(a) of the Agreement is hereby deleted and replaced in its entirety with the following:
“a severance payment in an amount equal to twelve (12) months of the Employee’s annual Salary at the time of Termination pursuant to subsection 2.1 of this Agreement, less applicable statutory deductions and withholdings, to be paid in accordance with the Company’s standard payroll practices in equal cash installments beginning on the first payroll date following the date that the Severance Release (as defined in Section 4.3.6) becomes effective in accordance with its terms (the “Release Effective Date”) and ending on the twelve (12) month anniversary of the Employee’s termination date”.