{"id":456324,"date":"2021-03-11T16:08:18","date_gmt":"2021-03-11T21:08:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=456324"},"modified":"2021-03-11T16:08:18","modified_gmt":"2021-03-11T21:08:18","slug":"unity-biotechnology-reports-granting-of-new-employment-inducement-award","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/unity-biotechnology-reports-granting-of-new-employment-inducement-award\/","title":{"rendered":"UNITY Biotechnology Reports Granting of New Employment Inducement Award"},"content":{"rendered":"
\n

SOUTH SAN FRANCISCO, Calif., March 11, 2021 (GLOBE NEWSWIRE) — UNITY Biotechnology, Inc. (\u201cUNITY\u201d) [NASDAQ: UBX], a biotechnology company developing therapeutics to slow, halt or reverse diseases of aging, today announced that Alexander Nguyen has officially joined UNITY as general counsel, and on March 9, 2021, the Compensation Committee of the Board of Directors granted Alexander Nguyen an option to purchase 250,000 shares of UNITY common stock as a material inducement for Mr. Nguyen to commence employment with UNITY as general counsel. The stock-based award was granted pursuant to the UNITY 2020 Employment Inducement Incentive Plan, as amended, which was approved by the Board of Directors in March 2020 to provide for grants to newly hired employees as a material inducement for them to commence employment with UNITY in accordance with Nasdaq Stock Market Rule 5635(c)(4). The option has a per share exercise price of $6.69 and will vest and become exercisable as to 25% of the shares underlying the option on\u00a0March 8, 2022\u00a0and thereafter as to 1\/48th of the shares underlying the option on a monthly basis, subject to Mr. Nguyen\u2019s continued service to UNITY through the applicable vesting date.<\/p>\n

\n About UNITY<\/strong>
\n
UNITY is developing a new class of therapeutics to slow, halt or reverse diseases of aging. UNITY\u2019s current focus is on creating medicines to selectively eliminate or modulate senescent cells and thereby provide transformative benefit in\u00a0age-related\u00a0ophthalmologic and neurologic diseases. More information is available at\u00a0www.unitybiotechnology.com<\/a>\u00a0or follow us on\u00a0Twitter<\/a> and LinkedIn<\/a>.<\/p>\n


\n
\n \n <\/div>\n

\n
Media\r\nCanale Communications\r\nJason Spark\r\nJason.spark@canalecomm.com <\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
SOUTH SAN FRANCISCO, Calif., March 11, 2021 (GLOBE NEWSWIRE) — UNITY Biotechnology, Inc. (\u201cUNITY\u201d) [NASDAQ: UBX], a biotechnology company developing therapeutics to slow, halt or reverse diseases of aging, today announced that Alexander Nguyen has officially joined UNITY as general counsel, and on March 9, 2021, the Compensation Committee of the Board of Directors granted Alexander Nguyen an option to purchase 250,000 shares of UNITY common stock as a material inducement for Mr. Nguyen to commence employment with UNITY as general counsel. The stock-based award was granted pursuant to the UNITY 2020 Employment Inducement Incentive Plan, as amended, which was approved by the Board of Directors in March 2020 to provide for grants to newly hired employees as a material … <\/p>\n
Continue reading “UNITY Biotechnology Reports Granting of New Employment Inducement Award”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-456324","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nUNITY Biotechnology Reports Granting of New Employment Inducement Award - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/unity-biotechnology-reports-granting-of-new-employment-inducement-award\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UNITY Biotechnology Reports Granting of New Employment Inducement Award - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SOUTH SAN FRANCISCO, Calif., March 11, 2021 (GLOBE NEWSWIRE) — UNITY Biotechnology, Inc. 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