leadership
confidence high
sentiment neutral
materiality 0.50
Vicapsys Life Sciences enters CEO employment agreement with $250k base salary, performance-based equity
Vicapsys Life Sciences, Inc.
- CEO Federico Pier receives $250k annual base salary, subject to annual increase by Board.
- Eligible for annual cash bonus up to 100% of base salary based on performance objectives.
- One-time $100k cash bonus if common stock listed on NASDAQ/NYSE or company secures $8M+ financing.
- Equity awards: 1% of fully diluted shares at $250M market cap; additional 1% at $500M market cap.
- Agreement has five-year term with automatic yearly renewal; severance includes 12 months base salary.