Description of Compensatory Arrangement with Thomas Bachinski
NeuroOne Medical Technologies Corporation has increased the annual performance bonus target for Thomas Bachinski, its chief development officer, from 25% to 35% of his base salary for 2017. This change was approved by the company's Board of Directors on April 19, 2017, and modifies the terms of Mr. Bachinski's original offer letter dated January 9, 2017.
Exhibit 10.50
Description of Compensatory Arrangement
On April 19, 2017, the Board of Directors of NeuroOne Medical Technologies Corporation (the “Company”) increased the annual performance bonus target of Thomas Bachinski, the Company’s chief development officer, to 35% of his base salary for 2017. Pursuant to the offer letter, dated January 9, 2017, Mr. Bachinski was previously entitled to an annual performance bonus target of 25% of his base salary.