Schedule of Material Differences in Employment Agreements between Neoprobe Corporation and Executives
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Summary
This document outlines key differences in the employment agreements between Neoprobe Corporation and three executives: David C. Bupp, Brent L. Larson, and Anthony K. Blair. It details each executive's base salary, severance terms, and the duration of benefit continuation under various circumstances, such as termination without cause, disability, or a change of control. The schedule specifies the commencement date, term length, and the specific severance and benefit continuation provisions for each individual.
EX-10.2 3 l34957aexv10w2.htm EX-10.2 EX-10.2
Exhibit 10.2
SCHEDULE IDENTIFYING MATERIAL DIFFERENCES BETWEEN
EMPLOYMENT AGREEMENTS
BETWEEN NEOPROBE CORPORATION AND
THE INDIVIDUALS LISTED BELOW
EMPLOYMENT AGREEMENTS
BETWEEN NEOPROBE CORPORATION AND
THE INDIVIDUALS LISTED BELOW
Commencement | Amount of Severance | |||||||||||||||||||
Date | Term | 2008 Base Salary | Amount of Severance | upon change of control | ||||||||||||||||
David C. Bupp | 1/1/2009 | 12 months | $ | 335,000 | $ | 406,250 | Greater of: (a) 30 months salary; or (b)$762,500 | |||||||||||||
Brent L. Larson | 1/1/2009 | 24 months | $ | 184,000 | $ | 184,000 | $ | 360,000 | ||||||||||||
Anthony K. Blair | 1/1/2009 | 24 months | $ | 157,000 | $ | 157,000 | $ | 310,000 |
Continuation of Benefits | ||||||
Continuation of Benefits | Upon Termination | Continuation of Benefits | ||||
Upon Disability | Without Cause | Upon Change of Control | ||||
David C. Bupp | Longer of 24 months or the full unexpired Term of the Agreement | Longer of 36 months or the full unexpired Term of the Agreement | Longer of 36 months or the full unexpired Term of the Agreement | |||
Brent L. Larson | Longer of 12 months or the full unexpired Term of the Agreement | 12 months or the full unexpired Term of the Agreement | Longer of 12 months or the full unexpired Term of the Agreement | |||
Anthony K. Blair | Longer of 12 months or the full unexpired Term of the Agreement | Longer of 12 months or the full unexpired Term of the Agreement | Longer of 12 months or the full unexpired Term of the Agreement |