Preview | Employee Agreement | Kevin P. Corcoran

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Employee Agreement

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Title:

Employee Agreement

Entities:

Lynx Therapeutics, Inc.; Kevin P. Corcoran

Date:

2002

Size:

Preview shows 3KB of 25KB total

Price:

$38

ID:

#279321

► Employment ► Employee Agreements
► Biotech & Drugs ► Medicinal Chemicals & Botanical Products

Start of Preview

                            LYNX THERAPEUTICS, INC.





                               EMPLOYEE AGREEMENT

                                       FOR

                                KEVIN P. CORCORAN





        This Employment Agreement ("Agreement") by and between Kevin P. Corcoran

("Executive") and LYNX THERAPEUTICS, INC., a Delaware corporation (the

"Company"), is entered into and is effective as of June 3, 2002 (the "Effective

Date").



        WHEREAS, the Company desires that Executive continue to provide personal

services to the Company, and wishes to provide Executive with the compensation

and benefits set forth below in return for such services; and



        WHEREAS, Executive wishes to continue to provide personal services to

the Company in return for the compensation and benefits set forth below;



        NOW, THEREFORE, in consideration of the mutual promises and covenants

contained herein, it is hereby agreed by and between the parties hereto as

follows:



        1. EMPLOYMENT BY THE COMPANY.



               1.1 Subject to the terms set forth herein, Executive shall be

employed in his new capacity in the position of President and Chief Executive

Officer, reporting to Board of Directors of the Company. Executive agrees to

devote his best efforts and substantially all of his business time and attention

(except for vacation periods permitted by the Company's general employment

policies, reasonable periods of illness or other incapacities permitted by the

Company's general employment policies, and as otherwise provided herein) to the

business of the Company.



               1.2 Executive shall serve in an executive capacity and shall

perform such duties as are customarily associated with his then current title.



               1.3 The employment relationship between the parties is "at will,"

which means that either party may terminate the relationship at any time, with

or without cause and with or without advance notice. The employment relationship

between the parties shall also be governed by the general employment policies

and practices of the Company, including those relating to protection of

confidential information and assignment of inventions, except that when the

terms of this Agreement differ from or are in conflict with the Company's

general employment policies or practices, this Agreement shall control.



        2. COMPENSATION.



               2.1 SALARY. As of the Effective Date, Executive shall receive for

services to be rendered hereunder an annualized base salary of Two Hundred Fifty

End of Preview

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