PolyPid (PYPD) has released an update.
PolyPid Ltd. has amended its 2012 Share Option Plan to incentivize employees, officers, directors, consultants, and service providers by offering them the opportunity to acquire or increase their stake in the company. The plan, which is administered by the company’s board or a designated committee, will continue until all options are granted and exercised, or for ten years from its adoption. It includes provisions for the board to amend or modify the plan without shareholder approval, unless required by law, and to keep a reserve of shares for the plan’s purposes.
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