EX-10.1
from 8-K
2 pages
February 6, 2024 Cash Compensation ● Upon the Start Date, the Executive Is Deemed to Be a W-2 Employee of Cadrenal Therapeutics, Inc. ● Annual Base Salary at $405,000; Paid Bi-Monthly in Accordance With Normal Company Policy ● Annual Targeted Cash Bonus – 40% of Base Equity Compensation ● 150,000 Options (Granted on January 18, 2024; Exercise Price of $0.94) ● 150,000 Additional Options Which Shall Be Granted No Later Than March 14, 2024 ● Vesting: 25% at 1-Year Anniversary, Balance Monthly Over 36 Months ● Executive Is Eligible for Annual Equity Grants Commensurate With Other Members of the Executive Leadership Team and/or Market Data (As Determined by the Compensation Committee of the Board of Directors) Standard Employee Benefits ● Participation in 401k Plan; Matching Contribution
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