You will be eligible to receive an annual performance bonus. Your base salary will be subject to periodic review and adjustment at the Company’s discretion.ģ. Payable in accordance with the Company’s standard payroll schedule and subject to applicable deductions and withholdings. Effective January 1, 2018, the Company will pay you a base salary at a rate equivalent to $380,000 per year, Upon the ending of your employment, you shall immediately resign from any other position(s) to which you were elected or appointed in connection with your employment.Ģ. YouĪlso may engage in religious, charitable and other community activities, including your current position as a bishop in your church in New Jersey (the “Church Position”), so long as such activities do not interfere or conflict with your That you may serve on one other board but only if such outside board service does not present a conflict or potential conflict of interest as determined in good faith by the CEO or the Company’s Board of Directors (the “Board”). That, while you render services to the Company, you will not engage in any other employment, consulting or other business activities (whether full-time or part-time), unless you first obtain the Company’s approval. (the “CEO”), it is understood that you may work remotely from your home office in New Jersey, except that you are expected to work from the Company’s headquarters in Massachusetts on anĪs-needed basis (as determined by the CEO) and engage in Company travel on an as-needed basis (the “Remote Work Arrangement”). Unless otherwise agreed to by the Company’s Chief Executive Officer Senior Vice President, Clinical and Medical Affairs and report to the Company’s Chief Executive Officer (the “CEO”). You will continue to serve as the Company’s Shall remain in full effect as modified by this Agreement.ġ. Non-Competition, Non-Solicitation, Confidentiality and Assignment Agreement with the Company dated May 8, 2015 (the “Restrictive Covenant Agreement”) Restates and supersedes in all respects your employment agreement with the Company dated August 7, 2015 (the “Prior Agreement”) as of the Effective Date, provided that your (the “Company”) effective February 23, 2018 (the “Effective Date”). Amended and restated letter agreement (the “Agreement”) confirms the terms and conditions of your employment with Chiasma, Inc.
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