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VANTAG

عضو نشط
التسجيل
29 أبريل 2005
المشاركات
267
السلام عليكم

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اسم السهم ATEC

وهذا نص الخبر :

18-Oct-2006

Entry into a Material Definitive Agreement, Financial Statements and Exhi



Item 1.01 Entry into a Material Definitive Agreement.
On October 12, 2006 Alphatec Holdings, Inc. and its subsidiary Alphatec Spine, Inc. (collectively, the "Company") entered into an Employment Agreement (the "Employment Agreement") with M. Ross Simmonds, pursuant to which Mr. Simmonds will, effective October 23, 2006, serve as the Company's Senior Vice President, Sales and Marketing. Pursuant to the Employment Agreement, Mr. Simmonds will receive an initial annual base salary of $315,000 and he is eligible to receive an incentive bonus each fiscal year in an amount equal to 50% of his annual base salary for such year, with the payment of such bonus based on Mr. Simmond's achievement of quarterly and annual performance objectives established by the Company's board of directors at the beginning of each fiscal year. In the event that Mr. Simmond's employment is terminated without cause, the Company is required to pay Mr. Simmonds his annual base salary for a period of twelve months and to pay Mr. Simmonds for any accrued but unused vacation days. In addition to the salary payments set forth above, upon any termination without cause Mr. Simmonds will be entitled to continue to participate in all medical and similar benefit programs that the Company establishes and makes available to its management employees. Pursuant to the Employment Agreement, the Company will grant Mr. Simmonds options to purchase up to 125,000 shares of Alphatec Holdings, Inc. common stock at an exercise price equal to the fair market value on the grant date. The options will vest annually in five equal tranches beginning on the first anniversary of the grant date. In addition, all of the options shall become fully vested upon a change of control. The Employment Agreement also provides for reimbursement of reasonable expenses incurred or paid by Mr. Simmonds in connection with or related to the performance of his duties under the Employment Agreement.

The foregoing description of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to such agreement. A copy of the Employment Agreement is filed as Exhibit 10.1 hereto and is incorporated by reference herein.





Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.

10.1 Employment Agreement by and among Alphatec Holdings, Inc., Alphatec Spine, Inc. and M. Ross Simmonds, dated October 12, 2006
 

الشعثاني

عضو مميز
التسجيل
20 مارس 2003
المشاركات
2,302
الإقامة
** بلاد الورد **
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فنيا السهم غير جيد - و احتمال ملامسة الـــ 2,5 دولار قريبا



و الله اعلم
 

VANTAG

عضو نشط
التسجيل
29 أبريل 2005
المشاركات
267
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