On November 8, 2013, the Company entered into an employment agreement renewal with Robert Lanza, or the Renewal, effective October 1, 2013, which renewed Dr. Lanza’s Amended and Restated Employment Agreement dated July 1, 2011, or the Original Agreement, through December 31, 2013 (subject to earlier termination as provided in the Original Agreement). Under the terms of the Renewal, Dr. Lanza was granted the following compensation in addition to the compensation due to him under the Original Agreement:
— The Company agreed to issue to Dr. Lanza, upon execution of the Renewal, (i) 1,285,714 shares of common stock, and (ii) an option to purchase 1,285,714 shares of common stock with an exercise price equal to fair market value on the date of grant. The options will vest, and the shares will no longer be subject to the Company’s right to repurchase, in three equal installments. The first installment vests on the date of execution of the Renewal, the second installment vests on November 30, 2013, and the third installment vests on December 31, 2013, provided Dr. Lanza remains employed by the Company on each vesting date.
— Dr. Lanza is eligible to receive, in the Company’s sole discretion, a bonus of up to 40% of his annual salary, payable within 75 days of the end of the Company’s fiscal year.
Are you screaming? We don't need no stinking Lanza-personally (notice I said personally) I'm still annoyed that he threw out the Blasto proof-not even a vid/selfie. And where is NED7 nowhere because it became an urban legend-the only thing Lanza has going is that they-the SC scientists basically believe him and asked him to comment on the acid-wash debacle. This is his co. go back to the wild Dr. West days-he'll take his money when he needs to.
Re: Where's Dr. Lanza? Anyone seen or heard from him lately.........
Have you not heard ? The blind are now seeing...... and in the very near future, every sort of disease and infirmity will be no more. Happy is the $heeple who finds no cause for stumbling in lanza. Advertise the good news of lanza's stem cell-based therapies for the treatment of diseases and conditions. Advertise landa's kingdom laboratory...... think regenerative medicine..... think patient-specific therapies from the lab bench to the bedside. Spread the word to family and friends ! Don't let 'em miss the ACTC boat, bus, plane or train.
: ) Popcorn Popcorn
"Have you not heard ? The blind are now seeing"
Bear, it's apparent that you're blind to the greatest of Dr Lanza, but then again you should still be in hibernation, so you're forgiven for your foolhardy blindness.
Dsroy, hopefully Dr Lanza is busy convincing the EMA & FDA that the current AMD & SMD trials are ready for market, and that Tufts doggie trials will be ready for market sometime this year. God only knows that this company needs revenues, and they need them asap