Marker Therapeutics Inc (MRKR)

[microcapbiotech]

OK, From what I gather from the separate Employment Agreement Here: https://www.sec.gov/Archives/edgar/data/1094038/000114420418062867/tv508378_ex10-2.htm,
Under "SEVERANCE PAY" it's not going to be a million dollar + pay off (I hope).
He gets COBRA for 12 months: "the Company shall pay the cost for Executive to continue his health insurance benefits under COBRA for a period of twelve (12) months after termination of employment"
He gets an Annual Performance Bonus (how much $$$ ???): "Executive shall receive an Annual Performance Bonus payable at the highest performance amount for the pro rata portion of the calendar year Executive served the Company, provided that, the Executive has served a minimum of six months during the calendar year of any termination under this subsection"
So WHY didn't they do this in May and AVOID the "Annual Performance Bonus" as that would have been LESS THAN 6 months ????
What other "rights and vested benefits (if any) provided under employee benefit plans and programs of the Company" does he have or is he entiltled to ???
The SHAKEUP CONTINUES, hope it all works out for the best.
I would like to hear Juan Vera address this in his upcoming "Stategic Review" and explain what cost saving, if any there will be short and long term and if so, how much $'s.