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ONCS > SEC Filings for ONCS > Form 8-K on 8-Aug-2013All Recent SEC Filings

Show all filings for ONCOSEC MEDICAL INC

Form 8-K for ONCOSEC MEDICAL INC


8-Aug-2013

Change in Directors or Principal Officers, Financial Statements and Exhibits


Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e)

On August 2, 2013, the Compensation Committee (the "Committee") of the Board of Directors of OncoSec Medical Incorporated ("OncoSec") approved an amendment (the "Amendment") to that certain employment agreement, dated as of May 18, 2011, by and between OncoSec and Veronica Vallejo, OncoSec's Chief Financial Officer, (the "Employment Agreement"). Pursuant to the Amendment, (i) the severance payment payable to Ms. Vallejo in the event of her termination is to equal twelve (12) months (the "Severance Period") of her annual salary at the time of termination and (ii) the period for which the Company will pay for applicable premium costs for continued group health plan coverage was increased to the Severance Period, subject in each case to the terms of the Employment Agreement. Prior to the Amendment, the Employment Agreement provided for a Severance Period of six (6) months. A copy of the Amendment is attached as Exhibit 10.1 to this Current Report on Form 8-K.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.                                Description
10.1          Amendment No. 1 to Employment Agreement, by and between OncoSec
              Medical Incorporated and Veronica Vallejo, dated as of August 2, 2013


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