NanoViricides sets president Anil Diwan base salary at $400,000 under extension agreement
NNVC•NanoViricides extended President Anil R. Diwan’s employment through June 30, 2027, with a $400,000 annual base salary. The agreement also covers preferred shares, life insurance and severance; CFO Meeta Vyas’ contract was extended with a health insurance reimbursement of up to $2,500 monthly.
1. Executive contract terms
NanoViricides extended Diwan’s employment through June 30, 2027, and set his annual base salary at $400,000. He received 10,204 Series A Preferred Stock shares, which vest quarterly from Sept. 30, 2026, through June 30, 2027. The agreement includes a $2 million term life insurance policy, with $1 million assigned to the company, and six months’ salary plus continued benefits if he is terminated without cause. CFO Meeta Vyas’ contract was also extended through June 30, 2027, with health insurance reimbursement of up to $2,500 per month.
