Document:

ex_177434.htm

Exhibit 10.2

 

 

Consulting Agreement

 

 

This Agreement is made between Diffusion Pharmaceuticals Inc. ("Diffusion" or "Client"), with a principal place of business at 1317 Carlton Avenue, Charlottesville, Virginia 22902, and John L. Gainer, PhD ("Consultant"), with a residence at 125 Cameron Lane, Charlottesville, VA 22903. This Agreement became effective as of March 12, 2020, and will end on March 11, 2021, unless renewed in writing by all parties hereto or terminated earlier in accordance with this Agreement.

 

 

NOW THEREFORE, the parties hereto, intending to be legally bound in consideration of the mutual covenants and agreements set forth herein, hereby agree as follows:

 

 

Services To Be Performed

 

Consultant shall serve as a consultant, providing expert advice and services to Client, as requested by the CEO of Client, in connection with the development of trans sodium crocetinate (TSC) as a therapeutic agent for hypoxic conditions ("Services.")

 

 

Payment

 

In consideration for the Services to be performed by Consultant, while this Agreement remains in effect, Client agrees to pay to Consultant a fee at a rate of $3,000 twice per month (i.e., $6 ,000 per month), prorated for any partial period, plus related expenses as described below.

 

 

Independent Consultant Status

 

Consultant is an independent consultant and is not Client's employee. Consultant and Client agree to the following rights:

 

 

	 	
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			Consultant has the right to perform services for others during the term of this Agreement, but will not provide similar services for any competitor of Client.

			

	 	
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			Consultant has the sole right to control, supervise and direct the method, means, and manner by which the Services will be performed.

			

	 	
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			Consultant has the right to perform the Services at the place, location or time of his choosing.

			

	 	
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			Client shall not require Consultant to devote any specific amount of time to performing the Services, but must devote such time as may be reasonably necessary to perform the Services requested or as mutually agreed.

			

 

 

State and Federal Taxes

 

1317 Carlton Ave, Suit e 200

Charlottesville, Wi. 22902

Tel 434.220.0718

Fax 434.220.0722

www.diffusionphannacom

 

 

 

	John L. Gainer, PhD, Consulting Agreement	Page 2    

 

 

 

 

Consultant shall pay all taxes incurred while performing services under this Agreement, including any/all applicable income taxes and in the event Consultant is not a corporation, self-employment (Social Security) taxes.

 

 

Client will not:

 

	 	
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			Withhold FICA (Social Security and Medicare taxes) from Consultant's payments or make FICA payments on Consultant's behalf,

			

	 	
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			Make state or federal unemployment compensation contributions on Consultant's behalf, or

			

	 	
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			Withhold state or federal income tax from any payments to Consultants.

			

 

 

Confidential Information and Intellectual Property

 

Consultant acknowledges and agrees that he remains bound by, and will abide by, Sections 4.4 through

4.17 of the Employment Agreement entered into as of October 18, 2016 between the Client and Consultant ("Employment Agreement"), including without limitation the protection of confidential information, ownership of inventions, works for hire, non-competition, non-solicitation, non-acceptance, and other obligations set forth in such sections, each of which remain in full force and effect.

 

 

Return of Property

 

Consultant agrees that he will return all property, equipment, documents, and other information, confidential or otherwise, of the Client no later than the termination of this Agreement (or upon the earlier request of the Client), and without retaining any copies, notes or excerpts thereof, that is in his actual or constructive possession or which is subject to his control at such time. To the extent Consultant has retained any such property, equipment, documents, and other information, confidential or otherwise, on any electronic or computer equipment belonging to Consultant or under his control, Consultant agrees to so advise the Client and to follow the Client's instructions in permanently deleting all such property, equipment, documents, and other information, confidential or otherwise, and all copies.

 

 

Documentation

 

Consultant must maintain unambiguous and thorough documentation of the Services such that any knowledgeable person with qualifications similar to those of Consultant will be capable of understanding and continuing the work performed by Consultant. Consultant agrees that all such documentation will be the property of Client and must be surrendered to Client upon demand and no later than the termination of this Agreement.

 

 

 

	John L. Gainer, PhD, Consulting Agreement	Page 3   

 

 

Expenses

 

Consultant shall be responsible for tracking all expenses incurred while performing the Services and submitting them in writing to Client. Expenses include meals; entertainment; automobile and other similar expenses while traveling at Client's request.

 

 

Fringe Benefits

 

Consultant is not eligible to participate in any employee health, pension, sick pay, vacation pay or other fringe benefit plans of Client and hereby waives any right of participation to the extent Consultant may be deemed eligible.

 

 

Insurance

 

Client shall not provide any insurance coverage of any kind for Consultant.

 

 

 

Terminating the Agreement

 

Notwithstanding any other provision of this Agreement, either party may terminate this Agreement at any time by giving five days written notice to the other party of the intent to terminate. Upon the termination of this Agreement, Consultant will be paid for the Services through the date of termination, but will not be entitled to any further compensation.

 

 

Exclusive Agreement

 

This document and any Attachments constitute the entire Agreement between the parties relating to the subject matter hereof, and no promises or representations, other than those contained here and those implied by law, have been made by Client or Consultant. Notwithstanding the foregoing, Consultant and Client agree that the letter termination agreement and general release entered into on or around the date hereof between the Client and Consultant, and Article 1, Article 5, Section 2.1, and Sections 4.4 through

4.17     of the Employment Agreement, survive and remain in full force and effect. Any modifications to this Agreement must be in writing and signed by Client and Consultant.

 

 

Severability

  

 

 

In the event any provision of this Agreement is deemed to be void, invalid, or unenforceable, that provision shall be severed from the remainder of this Agreement so as not to cause the invalidity or unenforceability of the remainder of this Agreement. All remaining provisions of this Agreement shall then continue in full force and effect. If any provision shall be deemed invalid due to its scope or breadth, such provision shall be deemed valid to the extent of the scope and breadth permitted by law .

 

 

 

	John L. Gainer, PhD, Consulting Agreement	Page 4   

 

 

Applicable Law

 

The laws of the state of Virginia will govern this Agreement, irrespective of conflicts of law principles.

 

 

 

Paragraph Headings

 

The headings of particular paragraphs and subparagraphs are inserted only for convenience and are not part of this Agreement and are not to act as a limitation on the scope of the particular paragraph to which the heading refers.

 

 

Notices

 

All notices and other communications in connection with this Agreement shall be in writing and shall be considered given as follows:

 

	 	
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			When delivered personally to the recipient's address as stated on this Agreement,

			

	 	
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			Three days after being deposited in the United States mail, with postage prepaid to the recipient's address as stated on this Agreement, or

			

	 	
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			When sent by fax or telex to the last fax or telex number of the recipient known to the person giving notice. Notice is effective when the recipient delivers a written confirmation of receipt.

			

 

 

No Partnership or Authority

 

Consultant does not have authority to enter into contracts on Client's behalf. This Agreement does not create a partnership relationship.

 

 

Electronically Transmitted Signatures

 

Consultant and Client agree that this Agreement may be executed in counterparts and will be considered signed when the signature of a party is delivered by facsimile transmission or by e-mail in portable document format. Signatures transmitted by facsimile or by e-mail in portable document format shall have the same effect as original signatures.

 

 

 

	John L. Gainer, PhD, Consulting Agreement	Page 5   

 

 

 

 

 

Signatures

Client:

Name of Client: Diffusion Pharmaceuticals Inc.

By: /s/ David G. Kalergis                                     

(Signature)

 

David G. Kalergis, MBA/JD                        

(Typed or Printed Name)

 

Title: Chief Executive Officer                      

 

Date: February 10, 2020 

 

Consultant:

Name of Consultant:   John L. Gainer, PhD.

 

By: /s/ John L. Gainer                                   

(Signature)

 

Taxpayer ID Number: ______________

 

Date: March 12, 2020Exhibit

Exhibit 10.1

RealPage, Inc. 
2020 Management Incentive Plan

Name: ________________________________________        Eligibility Date:     __________________________

Unless otherwise required under applicable law, the Terms and Conditions for the 2020 Management Incentive Plan “MIP or the Plan” are outlined below:

Your MIP has a potential Bonus of ____% of your Base Salary1 at 100% achievement of your assigned Objectives at Target:

	
						
	 	Objective2
	Weight
	Min
	Target2
	Max

	 
	 	Corporate Organic Revenue3
	 
	 
	 
	 

	 	Corporate Adjusted EBITDA Percentage3
	 
	N/A
	 
	N/A

	 	Individual Performance4
	 
	 
	 
	 

Total         100%
_____________________________________________________________________________________________________

Plan Year: The 2020 Management Incentive Plan is in effect from January 1, 2020 to December 31, 2020.
To be eligible to earn Bonus award(s) under this plan, RealPage must achieve greater than the Minimum 2020 Corporate Organic Revenue and Adjusted EBITDA objectives and you must:

i.    be a regular, full-time employee on or before October 1, 2020;
ii.    be a regular, full-time employee on the date of each Bonus payment;
iii.    be a grade 13 or above;
iv.    not be on another incentive plan;
v.    achieve an individual performance rating of 3.0 or above for the plan year, regardless of ranking; and
vi.    sign and return this letter and attached Goal Alignment Plan to Human Resources.

(1)    Base Salary: Salary you have earned during the portion of the plan year you are eligible for the MIP.
		
	(2)
	Objectives: Each objective has a Target. Achieving Target pays out at 100% of the assigned objective. At or below the Minimum of the Corporate Organic Revenue objective has a 0% achievement and at or above the Maximum has a 200% achievement. Achievement of the Corporate Organic Revenue objective above Minimum and below Target or above Target and Below Maximum is calculated on a linear basis from achievement.  The Corporate Adjusted EBITDA Percentage objective is a minimum qualifier that reduces payout on a linear scale if the Target is not achieved.  The Company will establish a minimum, target and maximum bonus pool for the year. 

		
	(3)
	Corporate Organic Revenue and Adjusted EBITDA targets are not listed until year end results are released to the public market.  All of these targets (including minimums and maximums) and awards may be adjusted by the compensation committee based on (i) risk assessment inherent in the target and (ii) special circumstances that were not anticipated when the targets were established.

		
	(4)
	Individual Performance is based on: Achievement of strategic goals and initiatives identified in your assigned Goal Alignment Plan(s) “GAP,” individual performance rating and/or rankings, and other contributions you make during the plan year.

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