GeoVax Labs Inc (GOVX)

[Myplace]

250k per yr, but is deferring payment until later unknown date.

The employment agreement between the Company and Mr. Dodd provides for the following:


Initial Base Salary:

$250,000 per year;


Bonus:

Annual performance-based bonus with a target of 65% of annual base salary;


Deferral of Cash Payments:

Mr. Dodd has agreed to defer cash payments of his base salary and bonus.


Term:

Mr. Dodd’s employment is at-will.


Equity Incentive:

Mr. Dodd will receive an initial grant of options to purchase 3,000,000 share of the Company’s common stock under the terms of the Company’s 2016 Stock Incentive Plan, with an exercise price equal to the higher of the closing prices of the Company’s common stock on (i) the date of grant, or (ii) September 5, 2018.