OpGen Inc. has announced new compensation terms for its newly appointed Chief Executive Officer, Christian-Laurent Bonte. Mr. Bonte will receive an initial annual base salary of $156,000 and a guaranteed minimum annual bonus of $13,000, payable after his first year of service. He is also eligible for a performance bonus ranging from $26,000 to $312,000, depending on his performance. In addition, Mr. Bonte may receive incentive payments on a per-deal basis for business leads sourcing and conversion, as outlined in a separate business development incentive agreement. He will also be eligible for an annual stock grant valued at $200,000, subject to performance.
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