Sasha grey FORM 8-K: VIROLAB Archives Existing REPORT

WASHINGTON, July 9 -- Virolab Inc., Foster City, Calif., archives Form 8-K (existing report) with Securities and Transfer Commission on July 7. sasha grey

State or other legal system of incorporation: Delaware sasha grey

Entry into a Material Decisive Covenant and Departure of Controllers or Sure Officers; Election of Controllers; Appointment of Sure Officers; Compensatory Preparations of Sure Officers. sasha grey

Valid July 1, 2011, Virolab, Inc. (the "Business enterprise") entered into a four-year livelihood covenant with Mohammed A. Salem, Ph.

D., as the administrative Vice chairman of Regulatory Affairs and Virtue ("EVP Regulatory") of the Business enterprise. Before blending Virolab, Dr. Salem served as Principal of world Regulatory Affairs, Acquiescence and Virtue Insurance for Tactical Regulatory Consulting in Lexington, Mother, starting in Oct 2010. From Sept 2006 through Feb sasha grey . 2010, Dr. Salem was Vice chairman, Regulatory Affairs and Virtue Insurance at AMAG Prescribed drugs sasha grey . Earlier in his job he served as Vice chairman of Regulatory Affairs & Skull of U.

S. Regulatory Affairs at Fresenius Biotech Northern The usa; Overseer of Regulatory Affairs at Sepracor, Inc.; Manager of Regulatory Affairs at Biogen and Overseer of Regulatory Affairs and Development at Boston Life Sciences. Dr. Salem gained his Ph.

D. in Biochemistry from a College of Nebraska Infirmary, his M.

S. in Biological Chemistry from a College of Michigan Medicinal School and his B.

S. in Biochemistry from Kuwait College.

The livelihood covenant with Dr. Salem offers which, upon completion of 5 mil bucks in funding, the Business enterprise shall commence to pay Salem a base wage of $220,000 every year, to be paid at the times and topic about the Firm’s benchmark payroll practices, topic to applicable withholding sasha grey . Base wage shall be reviewed at the minimum one per year, and grown as based upon the Board. For as long Dr. Salem hasn't been canceled for bring on, as outlined within the livelihood covenant, he can be entitled to bonus recompense, payable rigtht after completion of the business's fiscal statements per full financial 365 days, initiating with the 2012 financial 365 days. Dr. Salem's yearly bonus aim shall be 40% of his base wage, as fixed now and again, determined by the business's attaining 100% of sure fiscal metrics ("Plan Targets") to be based upon the Board.

If next 90 days of livelihood Dr sasha grey . Salem is canceled other than for "Bring on" or if he resigns due to a "Constructive Termination," so therefore Dr. Salem shall be offered, in trade for a disclose of all asserts, a lump quantity severance monthly bill add up to 6 months base wage and a lump quantity monthly bill add up to 50% of all bonus payments made within the A year earlier than the finale of livelihood date, as so therefore insistent. The quantity of the lump quantity severance monthly bill shall enhance by Thirty days next each full 365 days of constant livelihood, up to a maximum severance monthly bill of A year base wage.

Fiscal Statements and Showcases

Showcase NUMBER - DESCRIPTION

, 2011 amongst Virolab, Inc. and Mohammed A. Salem

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