RE:RE:RE:AEZS approached CZOAnd he is a consultant for the company via his own company Prodev Pharma and managed to give himself a nice termination package as well.
Employment Agreements
Gilles Gagnon provides his services as President and Chief Executive Officer to the Company pursuant to a service agreement (the “Service Agreement”) with Prodev Pharma Inc. (the “Consultant”) dated January 1, 2017. In the event of termination of the Service Agreement following a change in control of the Company or a material change in the terms and conditions of the Service Agreement, the Service Agreement provides that the Company shall pay the Consultant an amount equal to the aggregate of: (i) the monthly fees which would otherwise have been payable to the
Consultant for a period of two years from the date of such termination or expiration, being $960,000; and (ii) the amount equal to all bonuses paid or accrued for the benefit of the Consultant during the 24 months immediately prior to the date of such termination or expiration.
and if you look at the management team of AEZS,
Fratta and Turpin reside in Quebec. Why does this look like a old boys club? based on AEZS share ownership, you can be sure they will take care of their valued shareholders as well and continue the record of shareholder value destruction
Aeterna Zentaris Support. Ceapro has similarly entered into lock-up agreements with all of the
directors and officers of Aeterna Zentaris (the “Ceapro Lock-Up Agreements”) whereby it has
secured their support for the approval of the Arrangement by Aeterna Zentaris shareholders who
beneficially own, or exercise control or direction over, 6,756 Aeterna Zentaris Shares (as defined
below), representing approximately 0.14% of the outstanding Aeterna Zentaris Shares as of January 2, 2024.