Management Retention and Incentive Plan

12 Months Ended

Dec. 31, 2017

Compensation and Retirement Disclosure [Abstract]

Management Retention and Incentive Plan

Management Retention and Incentive Plan

The Company has adopted the Management Retention and Incentive Plan (the “Plan”), under which a portion of the consideration payable upon a change in control transaction, as defined in the Plan and its amendments, would be paid in cash to certain executive officers and key employees and recorded as compensation expense within the Statement of Operations during the period in which the change of control transaction occurs. The Plan is structured to work in conjunction with, and not replace, the Company’s other incentive programs and is designed to provide market-based incentives which will be reduced over time by any future equity grants to participants.