Warrant Election and Deferred Compensation Cancellation Agreement between Mark A. Smith and BioNTech
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Summary
Mark A. Smith, President & General Counsel, notifies BioNTech of his decision to cancel his deferred compensation in exchange for 100% warrants, to be paid at $0.05 per warrant on January 1, 2018, totaling $33,500. The agreement addresses how the deferred compensation will be settled and specifies the payment method and timing. This arrangement may have tax implications for the 2018 tax year.
EX-10.3 8 ex10x3.htm EXHIBIT 10.3
Exhibit 10.3
Exhibit 10.3
From: Mark Smith
Sent: Tuesday, November 14, 2017 1:44 PM
To: Kathy Paradise
Subject: Re: WARRANT ELECTION: Cancellation of Deferred Compensation
- taxable income in 2018
On Nov 14, 2017, at 1:40 PM, Kathy Paradise < ***@***> wrote:
Thank you, I will place in the file……..do you know how you are paying? Deferred comp
for Dec? accrued expenses? Payback of loan?
From: Mark A Smith [mailto ***@***]
Sent: Tuesday, November 14, 2017 1:28 PM
To: 'Kathy Paradise'
Subject: WARRANT ELECTION: Cancellation of Deferred Compensation
I elect 100% warrants---payable by $.05/warrant on 1/1/18: $33,500
Mark A. Smith
President & General Counsel
