Protagenic Therapeutics Inc. (PTIX)

[DarthButcher]

Here is the 8K regarding salary and compensation details for Fong at MOTR:

http://ih.advfn.com/p.php?pid=nmona&article=52595043

Under the terms of the Fong Offer Letter, Mr. Fong will be entitled to an annual base salary of $300,000. Additionally, in accordance with the terms of the Fong Offer Letter and the Company’s 2010 Long-Term Incentive Plan, the Compensation Committee of the Company’s Board of Directors approved the grant to Mr. Fong of options to purchase 460,000 shares of the Company’s common stock effective upon the completion of the Company’s contemplated rights offering, 25% of which options will vest in equal tranches on each of the first four anniversaries of Mr. Fong’s employment date and 75% of which options shall vest on the third anniversary of Mr. Fong’s employment date provided that certain stock price targets are achieved. Under the terms of the Fong Offer Letter, Mr. Fong will be eligible to participate in the Company’s 2012 Corporate Incentive Plan and is subject to non-disclosure, non-competition and non-solicitation covenants. Furthermore, under the Fong Offer Letter, if the Company terminates Mr. Fong’s employment without cause, as defined in the Company’s Amended and Restated Executive Severance and Change of Control Plan, he would receive six months of continued base salary payments.