Ayala Pharmaceuticals Inc (ADXS)

[mm2k]

I think the reason for the retention bonuses was simply because the board was afraid those people would leave, and then they would have a big problem. They may also have been afraid those people would follow DOC, which makes be a bit nervous about the 3/1/18 date. Not uncommon to have retention bonuses simply because there is a flight risk that is critical to the company, and merger retention bonuses usually happen after the merger for the same reason, so that the buying company holds on to what they paid for in the deal.