Palisade Bio ( (PALI) ) has provided an update.
Palisade Bio, Inc. has entered into a revised employment agreement with its CEO and CFO, J.D. Finley, maintaining his annual $542,000 salary and eligibility for a 50% target bonus and stock options. If terminated without cause or if he resigns for good reason, Finley could receive up to 18 months of salary and COBRA benefits, especially during a change in company control. Additionally, his equity awards could fully vest, subject to signing a release of claims. Finley also has agreements concerning confidentiality, inventions, and indemnification with the company.
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