Schedule of Material Differences in Amended Employment Agreements between Neoprobe Corporation and Executives
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Summary
This document outlines the key differences in the amended employment agreements between Neoprobe Corporation and three executives: David C. Bupp, Brent L. Larson, and Anthony K. Blair. It details each executive's commencement date, contract term, base salary for 2008, severance amounts (including those triggered by a change of control), and the duration of continued benefits upon termination, disability, or change of control. The schedule highlights individualized terms for each executive regarding compensation and post-employment benefits.
EX-10.2 3 l29480aexv10w2.htm EX-10.2 EX-10.2
Exhibit 10.2
SCHEDULE IDENTIFYING MATERIAL DIFFERENCES BETWEEN
AMENDED EMPLOYMENT AGREEMENTS
BETWEEN NEOPROBE CORPORATION AND
THE INDIVIDUALS LISTED BELOW
AMENDED 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 | 1/1/2007 | 36 months | $ | 325,000 | $ | 426,250 | Greater of: (a) 30 months salary; or (b) $802,500 | |||||||||
Brent L. Larson | 1/1/2007 | 24 months | $ | 177,000 | $ | 177,000 | $ | 354,000 | ||||||||
Anthony K. Blair | 1/1/2007 | 24 months | $ | 150,000 | $ | 150,000 | $ | 300,000 |
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 | 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 |