SUBSEQUENT EVENTS	6 Months Ended
Jun. 30, 2021
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	14. SUBSEQUENT EVENTS On July 16, 2021, the Company held its 2021 Annual Meeting of Stockholders (the “2021 Annual Meeting”). At the 2021 Annual Meeting, the Company’s stockholders approved an amendment to the 2015 Plan to increase the number of shares available for issuance thereunder by 2,700,000 shares. On August 11, 2021, the Company’s Board of Directors adopted a Transaction Incentive Plan (the “Plan”) under which certain employees, including each of the Company’s executive officers, is eligible. Under the Plan, eligible participants are entitled to receive a predefined percentage of the transaction consideration (as defined in the Plan) paid in connection with a company acquisition (as defined in the Plan), minus the value of vested equity held by such participant. Payments under the Plan are payable each participant on the date that is six (6) months following the closing of the applicable company acquisition (the “Payment Date”), subject to the participant’s continued employment with the Company, a related entity or the acquiring entity on such date; provided that, in the event that the participant’s employment with the Company, a related entity or the acquiring entity is terminated without cause or by the participant for good reason, in either case following the company acquisition but prior to the Payment Date, then the amount payable shall be paid to the participant within ten (10) days following the participant’s termination of employment. The Plan automatically terminates twelve (12) months from effectiveness, or on August 11, 2022, subject to the right of the Company’s Board of Directors to extend the effectiveness of the Plan at its sole discretion. Further, on August 11, 2021, the Company’s Board of Directors approved special bonuses for each of Dr. Toselli and Mr. Christopher of $215,000 and $148,000, respectively (the “Special Bonuses”), payable no later than January 5, 2022, subject to such officer’s continued employment with the Company through December 31, 2021. In the event such executive officer’s employment is terminated by the Company without cause prior to December 31, 2021, the Company will be obligated to pay such executive officer the Special Bonus on January 5, 2022, subject to his execution of a customary separation and release of claims agreement.

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2021

14. SUBSEQUENT EVENTS

On July 16, 2021, the Company held its 2021 Annual Meeting of Stockholders (the “2021 Annual Meeting”). At the 2021 Annual Meeting, the Company’s stockholders approved an amendment to the 2015 Plan to increase the number of shares available for issuance thereunder by 2,700,000 shares.

On August 11, 2021, the Company’s Board of Directors adopted a Transaction Incentive Plan (the “Plan”) under which certain employees, including each of the Company’s executive officers, is eligible. Under the Plan, eligible participants are entitled to receive a predefined percentage of the transaction consideration (as defined in the Plan) paid in connection with a company acquisition (as defined in the Plan), minus the value of vested equity held by such participant. Payments under the Plan are payable each participant on the date that is six (6) months following the closing of the applicable company acquisition (the “Payment Date”), subject to the participant’s continued employment with the Company, a related entity or the acquiring entity on such date; provided that, in the event that the participant’s employment with the Company, a related entity or the acquiring entity is terminated without cause or by the participant for good reason, in either case following the company acquisition but prior to the Payment Date, then the amount payable shall be paid to the participant within ten (10) days following the participant’s termination of employment. The Plan automatically terminates twelve (12) months from effectiveness, or on August 11, 2022, subject to the right of the Company’s Board of Directors to extend the effectiveness of the Plan at its sole discretion.

Further, on August 11, 2021, the Company’s Board of Directors approved special bonuses for each of Dr. Toselli and Mr. Christopher of $215,000 and $148,000, respectively (the “Special Bonuses”), payable no later than January 5, 2022, subject to such officer’s continued employment with the Company through December 31, 2021. In the event such executive officer’s employment is terminated by the Company without cause prior to December 31, 2021, the Company will be obligated to pay such executive officer the Special Bonus on January 5, 2022, subject to his execution of a customary separation and release of claims agreement.