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Title: |
Consultant Agreement |
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Entities: |
CancerVax Corp. |
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Date: |
2006 |
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Size: |
15KB total |
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Price: |
$44 |
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ID: |
#1566181 |
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Start of
Preview |
CONSULTANT AGREEMENT
THIS AGREEMENT (Agreement) is made and entered into as of the 26th day of April,
2006, by and between CancerVax Corporation (CancerVax), a Delaware corporation having a place of
business at 2110 Rutherford Road, Carlsbad, California, 92008 and William R. LaRue (Consultant),
an individual, with reference to the following:
WHEREAS, Consultant is duly qualified to provide the services as described in the Scope of
Work, Exhibit A, attached hereto (the Services), to CancerVax and CancerVax desires to engage
Consultant to provide such Services to CancerVax in accordance with the terms and conditions herein
contained.
NOW, THEREFORE, in consideration of the covenants and agreements hereinafter set forth, the
parties hereto agree as follows:
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1. |
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Services: The Services to be provided by Consultant to CancerVax hereunder shall be
as described in Exhibit A hereto. Exhibit A is incorporated herein by this reference as
though fully set forth herein. Consultant agrees to perform the Services and any other
obligations or activities hereunder in accordance with: |
(a) the terms of this Agreement;
(b) all applicable laws, statutes, rules, regulations, ordinances and other
pronouncements having the binding effect of law of any applicable government
authority, court, tribunal, arbitrator, agency, legislative body, commission or
other instrumentality of (i) any government of any country, (ii) any state,
province, county, city or other political subdivision thereof, or (iii) any
supranational body, including the European Commission; and
(c) all CancerVax policies, procedures and guidance memoranda provided to Consultant
in connection with Consultants performance under this Agreement including, without
limitation, laws of the United States (U.S.) related to the transfer of technology
by U.S. persons to foreign nationals and travel-related transactions as related to
Cuba.
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2. |
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Confidentiality: Consultant and the Company have entered into the Companys standard
employee confidentiality and invention assignment agreement (the Confidentiality
Agreement). Consultant acknowledges and agrees that she continues to be bound by the
Confidentiality Agreement. |
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3. |
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Term: The term of this Agreement shall commence as of June 1, 2006 and terminate on
August 15, 2006. |
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4. |
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Compensation; Expenses: |
(a) Consultants compensation and payment for the Services provided hereunder shall
be as set forth in Exhibit A hereto. Consultant shall not be entitled to any other
payments as consideration for the Services other than those provided under this
Agreement.
(b) CancerVax acknowledges that the termination of Consultants Services on August
15, 2006 shall constitute a Termination of Service for purposes of the Stock
Option Agreement dated March 27, 2006, between CancerVax and Consultant (the Option
Agreement). Accordingly, the stock options granted pursuant to the Option
Agreement shall vest in full on August 15, 2006 pursuant to the terms of the Option
Agreement and Consultant shall have one year from such date to exercise such stock
options. All other stock options granted to Consultant by CancerVax shall continue
to be governed by the terms and conditions of the stock option agreements and plans
pursuant to which they were granted.