Mast Therapeutics, Inc. (MSTX)

[biopharm]

8K - Dec 6th - re: compensation arrangements...

possibly caused by the company and Mr. Gorgas were unable to come to an agreement for pay once leaving the company ...though an added lump sum payment for healthcare (including dependants) for a nine-month period

(a) a lump sum payment in an amount equal to six or nine months (the "Benefit Period") of the participant’s annual base salary in effect at the time of the eligible termination, with the number of months applicable to each participant determined by the Committee in the case of "officers" of the Company (as defined in Rule 16a-1(f) of the Exchange Act) and by the Company’s Chief Executive Officer or the Company’s President in the case of all other employees; and (b) a lump sum payment in an amount equal to the estimated cost of continuing the participant’s health care coverage and the coverage of the participant’s dependents who are covered at the time of the eligible termination under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, for the Benefit Period. The Compensation Committee assigned a nine-month Benefit Period to Mr. Gorgas.