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Severance Agreement

 

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Title:

Severance Agreement

Entities:

Baxter International Inc.; Curis, Inc.; Schering AG

Date:

2002

Size:

Preview shows 2KB of 10KB total

Price:

$39

ID:

#288371

 

 

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                                   CURIS, INC.


Severance Agreement

THIS SEVERANCE AGREEMENT by and between Curis, Inc., a Delaware corporation
(the "Company"), and Andrew C.G. Uprichard (the "Executive") is made as of
November 5, 2001 (the "Effective Date").

WHEREAS, the Board of Directors of the Company (the "Board") has determined
that appropriate steps should be taken to reinforce and encourage the continued
employment and dedication of certain of the Company's key personnel; and

WHEREAS, the Company wishes to provide the Executive with severance pay in
the event of the Executive's separation from the Company under the circumstances
provided for herein;

NOW, THEREFORE, in consideration of the Executive's continued employment by
the Company and other good and valuable consideration, the sufficiency of which
is hereby acknowledged, the parties agree as follows:

1. Term of Agreement. This Agreement, and all rights and obligations of the
parties hereunder, shall take effect upon the Effective Date and shall expire at
midnight on December 31, 2003 (the "Expiration Date").

2. Not an Employment Contract. The Executive acknowledges that this
Agreement does not constitute a contract of employment or impose on the Company
any obligation to retain the Executive as an executive or employee of the
Company and that this Agreement does not prevent the Executive from terminating
his employment with the Company at any time.

3. Termination For Cause or Voluntary Termination Without Good Reason Prior

 

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