Exhibit 10.34
On January 31, 2017, the Board of Directors of SCYNEXIS, Inc. took the following compensation actions with respect to SCYNEXIS’s following executive officers (collectively, the “Officers”):
2016 Officer Bonuses
Approved cash bonuses for the Officers based on SCYNEXIS’s performance for the calendar year 2016:
Executive Officer | Title | Bonus | ||
Marco Taglietti, M.D. | Chief Executive Officer | $210,100 | ||
David Angulo, M.D. | Chief Medical Officer | $136,600 | ||
Eric Francois | Chief Financial Officer | $113,000 |
2017 Salaries
Approved the 2017 salaries for the Officers, to be effective March 1, 2017, as follows:
Executive Officer | Title | 2017 Salary | ||
Marco Taglietti, M.D. | Chief Executive Officer | $510,000 | ||
David Angulo, M.D. | Chief Medical Officer | $413,800 | ||
Eric Francois | Chief Financial Officer | $360,500 |
Option Grants
Approved stock option grants under SCYNEXIS 's 2014 Equity Incentive Plan to the following Officers:
Executive Officer | Title | Shares subject to Option | ||
Marco Taglietti, M.D. | Chief Executive Officer | 360,000 | ||
David Angulo, M.D. | Chief Medical Officer | 140,000 | ||
Eric Francois | Chief Financial Officer | 100,000 |
The options have an exercise price of $3.02 per share and vest on a monthly basis over a four-year period, provided such officer is continuing to provide services to SCYNEXIS on such vesting date.