RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CDN biopharm company rumored for $US 7-8 Bln BMS acquisition
I don't know why you make me do this and I am sure you will not apologize as you are never wrong.and for some reason you did not want to include the 2021 salary. Oh and look a little farther a 750,000 physical fitness bonus....they are not hurting too badly.
Boom gotcha
2 Amendment to the Employment Agreement
The Employment Agreement Section 3 – Remuneration is amended as follows:
(1) Commencing January 1, 2020, Oncolytics shall pay to the Employee a salary of
FIVE HUNDRED FORTY THOUSAND SEVEN HUNDRED FIFTY ($540,750.00)
CANADIAN DOLLARS per annum, exclusive of bonuses, benefits and other compensation,
payable in equal installments of TWENTY-TWO THOUSAND FIVE HUNDRED THIRTYONE
DOLLARS and TWENTY-FIVE CENTS ($22,531.25) on the 15th and last day of each
month.
2. Amendment to the Employment Agreement
The Employment Agreement Section 3 – Remuneration is amended as follows:
(1) Commencing January 1, 2021, Oncolytics shall pay to the Employee a salary of SIX
HUNDRED THIRTY-SEVEN THOUSAND TWO HUNDRED ($637,200.00) CANADIAN
DOLLARS per annum, exclusive of bonuses, benefits and other compensation, payable in equal
installments of TWENTY-SIX THOUSAND FIVE HUNDRED FIFTY DOLLARS ($26,550.00) on
the 15th and last day of each month.
SCHEDULE "B"
BENEFITS
(1) Oncolytics shall:
(a) commencing with the calendar year 2014 and annually thereafter, pay to
the Employee's Registered Retirement Savings Plan, as directed by the
Employee, an amount equal to ten (10%) percent of the Employee's
annual salary as set out in Section 3(1), not to exceed the annual
maximum allowable contribution.
(2) The Employee is presently entitled to designate an additional amount equal to a
maximum eight and a quarter (8.25%) percent of the Employee's annual salary to be
paid by Oncolytics, on a monthly basis, into an Employee Health Trust in accordance
with the provisions of the Employee Health Trust Plan currently in place, and as such
provisions may be revised from time to time.
(3) The Employee is entitled to the Physical Fitness Benefit in the amount of SEVEN
HUNDRED AND FIFTY ($750.00) CANADIAN DOLLARS per annum to use towards an
item or service that promotes physical activity; the details of which are outlined in the
Company Policy Manual.