other material
confidence high
sentiment neutral
materiality 0.30
ProMIS Neurosciences amends CSO Neil Cashman's employment agreement with new salary, option grant
ProMIS Neurosciences Inc.
- Annual base salary increased to $500,000 CAD; discretionary bonus target of 35% of base salary.
- Granted option to purchase 165,000 common shares vesting 25% on first anniversary, remainder monthly over 36 months.
- Severance without cause: 9 months salary plus continued benefits; on change in control termination: same plus accelerated time-based stock vesting.
- No family relationships or material transactions with officers/directors disclosed.