The first 120 days of RG are over this week

Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

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gcduck

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The first 120 days of RG are over this week

posted on Jun 25, 2008 08:59AM

According to RG's contract his first 120 days will end on Friday, the 27th of June:

"The effective date of the Agreement shall be February 29, 2008 (the "Effective Date"). The employment relationship pursuant to this Agreement shall be for an initial one hundred twenty (120) day period commencing on the Effective Date set forth above ("Initial Term"),..."

What happens after these 120 days?

"On completion of the Initial Term specified above, ..., this Agreement will extend for a one year term ("One Year Term")..."

This is, how the company answered my inquiry regarding this topic:

"The employment contract has the ability to be operable for 4 months plus one year and therefore, applicable provisions of the contract could extend into a post interim CEO period."

Maybe we get some news at the end of this week or beginning next week, IF RG's contract will be extended?