Replies to post #34926 on Intellipharmaceutics International Inc. (IPCI)

[Samsa]

Mopar, roughly 850k each was actual salary, the rest was to cover the bonuses. It was the Bonuses that account for the previous years spike as well.

Their base pay is around 850k now, they got 2 million for the first approval 1.7 for the second, 1.5 million for the third and 1.2 for the 4th which is then split between them. so for the past year they got a total of 2.7 million in bonus plus base salary of about 850k each equals the 4 million as reported.

The bonuses that were just re-approved and extended pay a bonus based on approval in what appears to be a decreasing amount up to the first 7 approvals.

this then gets added to their base salary. which does have an annual cost of living increase which is why you still see the increase even in years of no approvals.