Common use of Duties, Compensation and Benefits Clause in Contracts

Duties, Compensation and Benefits. You will serve as the General Counsel, Corporate Secretary, and Chief Compliance Officer, reporting to the President and CEO. You will work at our facility located at 0000 Xxxx Xxxxxxxxx xx Xxxx Xxxx, Xxxxxxxxxx. Your salary will be $390,000 per year, less payroll deductions and withholdings. You will be paid semi-monthly, or in accordance with Company’s compensation practices for other employees in place at the time. In addition, you will be eligible for an annual bonus, targeted at 40% of your base salary, subject to applicable payroll deductions and withholdings (“Bonus”). Whether you receive this Bonus, and the amount of any such Bonus, will be determined by the Company in its sole discretion based upon your performance, the Company’s performance and such other criteria that the Company deems relevant. Any Bonus shall be paid within thirty (30) days after the Company’s determination that a Bonus shall be awarded. You will be eligible to earn a Bonus for any full calendar year provided that you remain employed by the Company as of December 31 of that year. As an exempt salaried employee, you will be expected to be available and working during the Company’s regular business hours, and without additional compensation, for such extended hours or additional time as appropriate to manage your responsibilities. The Company reserves the right to reasonably require you to perform your duties at places other than its Palo Alto facility from time to time, and to require reasonable business travel, including international travel, at the Company’s expense. You will be eligible for the following standard Company benefits: medical insurance, paid time off (PTO), 401(K), Employee Stock Purchase Plan (ESPP) and holidays. Details about these benefits are provided in the Employee Handbook and Summary Plan Descriptions, available for your review. Eiger may change compensation and benefits from time to time in its discretion. ACTIVE 269404020 Exhibit 10.1 Subject to approval by the Company’s Board of Directors (the “Board”) the Company shall grant you an option to purchase 180,000 shares (the “Option”) of the Company’s Common Stock, with an exercise price equal to fair market value of a share of Company Common Stock as of the date of grant. The Option will be subject to the terms and conditions of the underlying equity plan and your grant agreement. Your grant agreement will include a four-year vesting schedule, under which 25 percent of your shares will vest after twelve months of employment, with the remaining shares vesting monthly thereafter, until either your Option is fully vested or your employment ends, whichever occurs first. In addition, you will be eligible for future equity awards granted in accordance with the Company’s equity plans as in effect from time to time at levels commensurate with your position and responsibilities and subject to such terms as shall be determined by the Board or one of its committees in its or their sole discretion. As an Eiger employee, you will be expected to abide by Company rules and policies, and acknowledge in writing that you have read the Company’s Employee Handbook. As a condition of employment, you must sign and comply with the attached Employee Confidential Information and Inventions Assignment Agreement, which prohibits unauthorized use or disclosure of Eiger proprietary information, among other obligations. In your work for the Company, you will be expected not to use or disclose any confidential information, including trade secrets, of any former employer or other person to whom you have an obligation of confidentiality. Rather, you will be expected to use only that information which is generally known and used by persons with training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company. You agree that you will not bring onto Company premises any unpublished documents or property belonging to any former employer or other person to whom you have an obligation of confidentiality. You hereby represent that you have disclosed to the Company any contract you have signed that may restrict your activities on behalf of the Company.

Appears in 1 contract

Samples: Eiger BioPharmaceuticals, Inc.

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Duties, Compensation and Benefits. You will continue to serve as the General Counsel, Corporate Secretary, President and Chief Compliance Executive Officer, reporting to the President and CEOBoard of Directors. You will work at our facility located at 0000 2000 Xxxx Xxxxxxxxx xx Xxxx Xxxx, Xxxxxxxxxx. Your salary will be $390,000 570,000 per year, less payroll deductions and withholdings. You will be paid semi-monthly, or in accordance with Company’s compensation practices for other employees in place at the time. In addition, you will be eligible for an annual bonus, targeted at 4050% of your base salary, subject to applicable payroll deductions and withholdings (“Bonus”). Whether you receive this Bonus, and the amount of any such Bonus, will be determined by the Company in its sole discretion based upon your performance, the Company’s performance and such other criteria that the Company deems relevant. Any Bonus shall be paid within thirty (30) days after the Company’s determination that a Bonus shall be awarded. You will be eligible to earn a Bonus for any full calendar year provided that you remain employed by the Company as of December 31 of that year. As an exempt salaried employee, you will be expected to be available and working during the Company’s regular business hours, and without additional compensation, for such extended hours or additional time as appropriate to manage your responsibilities. The Company reserves the right to reasonably require you to perform your duties at places other than its Palo Alto facility from time to time, and to require reasonable business travel, including international travel, at the Company’s expense. You will be eligible for the following standard Company benefits: medical insurance, paid time off (PTO), 401(K), Employee Stock Purchase Plan (ESPP) and holidays. Details about these benefits are provided in the Employee Handbook and Summary Plan Descriptions, available for your review. Eiger may change compensation and benefits from time to time in its discretion. ACTIVE 269404020 Exhibit 10.1 Subject to approval by the The Company’s Board of Directors (the “Board”) ), has previously, under the Company shall grant Eiger Equity Incentive Plan (the “Plan”), granted you an option options to purchase 180,000 shares (the “Option”) of the Company’s Common Stock, with an exercise price equal to Stock at fair market value of a share of Company Common Stock as determined by the Board as of the date of grant. The Option will be subject to the terms and conditions of the underlying equity plan and your grant agreement. Your grant agreement will include a four-year vesting schedule, under which 25 percent of your shares will vest after twelve months of employment, with the remaining shares vesting monthly thereafter, until either your Option is fully vested or your employment ends, whichever occurs first. In addition, you will be eligible for future equity awards granted in accordance with the Company’s equity plans as in effect from time to time at levels commensurate with your position and responsibilities and subject to such terms as shall be determined by the Board or one of its committees in its or their sole discretion. As an Eiger employee, you will be expected to abide by Company rules and policies, and acknowledge in writing that you have read the Company’s Employee Handbook. As a condition of employment, you must sign and comply with the attached Employee Confidential Information and Inventions Assignment Agreement, which prohibits unauthorized use or disclosure of Eiger proprietary information, among other obligations. In your work for the Company, you will be expected not to use or disclose any confidential information, including trade secrets, of any former employer or other person to whom you have an obligation of confidentiality. Rather, you will be expected to use only that information which is generally known and used by persons with training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company. You agree that you will not bring onto Company premises any unpublished documents or property belonging to any former employer or other person to whom you have an obligation of confidentiality. You hereby represent that you have disclosed to the Company any contract you have signed that may restrict your activities on behalf of the Company.

Appears in 1 contract

Samples: Offer Letter Agreement (Eiger BioPharmaceuticals, Inc.)

Duties, Compensation and Benefits. You will serve as the General Counsel, Corporate Secretary, Executive Vice President and Chief Compliance Commercial Officer, reporting to the President Chief Executive Officer, and CEOwill resign from the Company’s Board of Directors upon the receipt of a request by the Chair of the Board of Directors. You will work at our facility located at 0000 2000 Xxxx Xxxxxxxxx xx Xxxx Xxxx, Xxxxxxxxxx. Your salary will be $390,000 per year, less payroll deductions and withholdings. You will be paid semi-monthly, or in accordance with Company’s compensation practices for other employees in place at the time. In addition, you will be eligible for an annual bonus, targeted at 4035% of your base salary, subject to applicable payroll deductions and withholdings (“Bonus”). Whether you receive this Bonus, and the amount of any such Bonus, will be determined by the Company in its sole discretion based upon your performance, the Company’s performance and such other criteria that the Company deems relevant. Any Bonus shall be paid within thirty (30) days after the Company’s determination that a Bonus shall be awarded. You will be eligible to earn a Bonus for any full calendar year provided that you remain employed by the Company as of December 31 of that year. You will receive a sign-on bonus of $100,000, payable in March 2020, less all applicable taxes and withholdings. You must be employed on the day the payment is made to be eligible to receive the sign-on bonus. As an exempt salaried employee, you will be expected to be available and working during the Company’s regular business hours, and without additional compensation, for such extended hours or additional time as appropriate to manage your responsibilities. The Company reserves the right to reasonably require you to perform your duties at places other than its Palo Alto facility from time to time, and to require reasonable business travel, including international travel, at the Company’s expense. You will be eligible for the following standard Company benefits: medical insurance, paid time off (PTO), 401(K), Employee Stock Purchase Plan (ESPP) and holidays. Details about these benefits are provided in the Employee Handbook and Summary Plan Descriptions, available for your review. Eiger may change compensation and benefits from time to time in its discretion. ACTIVE 269404020 Exhibit 10.1 Subject to approval by the Company’s Board of Directors (the “Board”) ), under the Eiger Equity Incentive Plan (the “Plan”), the Company shall grant you an option to purchase 180,000 150,000 shares (the “Option”) of the Company’s Common Stock, with an exercise price equal to Stock and 7,500 restricted stock units (the “RSUs”) at fair market value of a share of Company Common Stock as determined by the Board as of the date of grant. The Option and RSUs will be subject to the terms and conditions of the underlying equity plan Plan and your grant agreement. Your grant agreement will include a four-year vesting scheduleschedule for the Option, under which 25 percent of your shares will vest after twelve months of employment, with the remaining shares vesting monthly thereafter, until either your Option is fully vested or your employment ends, whichever occurs first; and a two year vesting schedule for the RSUs under which 50% of the RSUs will vest after twelve months of employment and the remaining 50% will vest after 24 months of employment. In addition, you will be eligible for future equity awards granted in accordance with the Company’s equity plans as in effect from time to time at levels commensurate with your position and responsibilities and subject to such terms as shall be determined by the Board or one of its committees in its or their sole discretion. As an Eiger employee, you will be expected to abide by Company rules and policies, and acknowledge in writing that you have read the Company’s Employee Handbook. As a condition of employment, you must sign and comply with the attached Employee Confidential Information and Inventions Assignment Agreement, which prohibits unauthorized use or disclosure of Eiger proprietary information, among other obligations. In your work for the Company, you will be expected not to use or disclose any confidential information, including trade secrets, of any former employer or other person to whom you have an obligation of confidentiality. Rather, you will be expected to use only that information which is generally known and used by persons with training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company. You agree that you will not bring onto Company premises any unpublished documents or property belonging to any former employer or other person to whom you have an obligation of confidentiality. You hereby represent that you have disclosed to the Company any contract you have signed that may restrict your activities on behalf of the Company.

Appears in 1 contract

Samples: Eiger BioPharmaceuticals, Inc.

Duties, Compensation and Benefits. You will continue to serve as the General Counsel, Corporate Secretary, and Chief Compliance Business Officer, reporting to the President and CEOChief Executive Officer. You will work at our facility located at 0000 2000 Xxxx Xxxxxxxxx xx Xxxx Xxxx, Xxxxxxxxxx. Your salary will be $390,000 378,731 per year, less payroll deductions and withholdings. You will be paid semi-monthly, or in accordance with Company’s compensation practices for other employees in place at the time. In addition, you will be eligible for an annual bonus, targeted at 4035% of your base salary, subject to applicable payroll deductions and withholdings (“Bonus”). Whether you receive this Bonus, and the amount of any such Bonus, will be determined by the Company in its sole discretion based upon your performance, the Company’s performance and such other criteria that the Company deems relevant. Any Bonus shall be paid within thirty (30) days after the Company’s determination that a Bonus shall be awarded. You will be eligible to earn a Bonus for any full calendar year provided that you remain employed by the Company as of December 31 of that year. As an exempt salaried employee, you will be expected to be available and working during the Company’s regular business hours, and without additional compensation, for such extended hours or additional time as appropriate to manage your responsibilities. The Company reserves the right to reasonably require you to perform your duties at places other than its Palo Alto facility from time to time, and to require reasonable business travel, including international travel, at the Company’s expense. You will be eligible for the following standard Company benefits: medical insurance, paid time off (PTO), 401(K), Employee Stock Purchase Plan (ESPP) and holidays. Details about these benefits are provided in the Employee Handbook and Summary Plan Descriptions, available for your review. Eiger may change compensation and benefits from time to time in its discretion. ACTIVE 269404020 Exhibit 10.1 Subject to approval by the The Company’s Board of Directors (the “Board”) ), has previously, under the Company shall grant Eiger Equity Incentive Plan (the “Plan”), granted you an option options to purchase 180,000 shares (the “Option”) of the Company’s Common Stock, with an exercise price equal to Stock at fair market value of a share of Company Common Stock as determined by the Board as of the date of grant. The Option will be subject to the terms and conditions of the underlying equity plan and your grant agreement. Your grant agreement will include a four-year vesting schedule, under which 25 percent of your shares will vest after twelve months of employment, with the remaining shares vesting monthly thereafter, until either your Option is fully vested or your employment ends, whichever occurs first. In addition, you will be eligible for future equity awards granted in accordance with the Company’s equity plans as in effect from time to time at levels commensurate with your position and responsibilities and subject to such terms as shall be determined by the Board or one of its committees in its or their sole discretion. As an Eiger employee, you will be expected to abide by Company rules and policies, and acknowledge in writing that you have read the Company’s Employee Handbook. As a condition of employment, you must sign and comply with the attached Employee Confidential Information and Inventions Assignment Agreement, which prohibits unauthorized use or disclosure of Eiger proprietary information, among other obligations. In your work for the Company, you will be expected not to use or disclose any confidential information, including trade secrets, of any former employer or other person to whom you have an obligation of confidentiality. Rather, you will be expected to use only that information which is generally known and used by persons with training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company. You agree that you will not bring onto Company premises any unpublished documents or property belonging to any former employer or other person to whom you have an obligation of confidentiality. You hereby represent that you have disclosed to the Company any contract you have signed that may restrict your activities on behalf of the Company.

Appears in 1 contract

Samples: Offer Letter Agreement (Eiger BioPharmaceuticals, Inc.)

Duties, Compensation and Benefits. You will continue to serve as the General Counsel, Corporate Secretary, Secretary and Chief Compliance Officer, reporting to the President and CEOChief Executive Officer. You will work at our facility located at 0000 2000 Xxxx Xxxxxxxxx xx Xxxx Xxxx, Xxxxxxxxxx. Your salary will be $390,000 335,000 per year, less payroll deductions and withholdings. You will be paid semi-monthly, or in accordance with Company’s compensation practices for other employees in place at the time. In addition, you will be eligible for an annual bonus, targeted at 4035% of your base salary, subject to applicable payroll deductions and withholdings (“Bonus”). Whether you receive this Bonus, and the amount of any such Bonus, will be determined by the Company in its sole discretion based upon your performance, the Company’s performance and such other criteria that the Company deems relevant. Any Bonus shall be paid within thirty (30) days after the Company’s determination that a Bonus shall be awarded. You will be eligible to earn a Bonus for any full calendar year provided that you remain employed by the Company as of December 31 of that year. As an exempt salaried employee, you will be expected to be available and working during the Company’s regular business hours, and without additional compensation, for such extended hours or additional time as appropriate to manage your responsibilities. The Company reserves the right to reasonably require you to perform your duties at places other than its Palo Alto facility from time to time, and to require reasonable business travel, including international travel, at the Company’s expense. You will be eligible for the following standard Company benefits: medical insurance, paid time off (PTO), 401(K), Employee Stock Purchase Plan (ESPP) and holidays. Details about these benefits are provided in the Employee Handbook and Summary Plan Descriptions, available for your review. Eiger may change compensation and benefits from time to time in its discretion. ACTIVE 269404020 Exhibit 10.1 Subject to approval by the The Company’s Board of Directors (the “Board”) ), has previously, under the Company shall grant Eiger Equity Incentive Plan (the “Plan”), granted you an option options to purchase 180,000 shares (the “Option”) of the Company’s Common Stock, with an exercise price equal to Stock at fair market value of a share of Company Common Stock as determined by the Board as of the date of grant. The Option will be subject to the terms and conditions of the underlying equity plan and your grant agreement. Your grant agreement will include a four-year vesting schedule, under which 25 percent of your shares will vest after twelve months of employment, with the remaining shares vesting monthly thereafter, until either your Option is fully vested or your employment ends, whichever occurs first. In addition, you will be eligible for future equity awards granted in accordance with the Company’s equity plans as in effect from time to time at levels commensurate with your position and responsibilities and subject to such terms as shall be determined by the Board or one of its committees in its or their sole discretion. As an Eiger employee, you will be expected to abide by Company rules and policies, and acknowledge in writing that you have read the Company’s Employee Handbook. As a condition of employment, you must sign and comply with the attached Employee Confidential Information and Inventions Assignment Agreement, which prohibits unauthorized use or disclosure of Eiger proprietary information, among other obligations. In your work for the Company, you will be expected not to use or disclose any confidential information, including trade secrets, of any former employer or other person to whom you have an obligation of confidentiality. Rather, you will be expected to use only that information which is generally known and used by persons with training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company. You agree that you will not bring onto Company premises any unpublished documents or property belonging to any former employer or other person to whom you have an obligation of confidentiality. You hereby represent that you have disclosed to the Company any contract you have signed that may restrict your activities on behalf of the Company.

Appears in 1 contract

Samples: Offer Letter Agreement (Eiger BioPharmaceuticals, Inc.)

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Duties, Compensation and Benefits. You will continue to serve as the General CounselSenior Vice President, Corporate Secretary, and Chief Compliance OfficerClinical Development, reporting to the President and CEOChief Executive Officer. You will work at our facility located at 0000 Xxxx Xxxxxxxxx xx Xxxx Xxxx, Xxxxxxxxxx. Your salary will be $390,000 300,000 per year, less payroll deductions and withholdings. You will be paid semi-monthlysemimonthly, or in accordance with Company’s compensation practices for other employees in place at the time. In addition, you will be eligible for an annual bonus, targeted at 4030% of your base salary, subject to applicable payroll deductions and withholdings (“Bonus”). Whether you receive this Bonus, and the amount of any such Bonus, will be determined by the Company in its sole discretion based upon your performance, the Company’s performance and such other criteria that the Company deems relevant. Any Bonus shall be paid within thirty (30) days after the Company’s determination that a Bonus shall be awarded. You will be eligible to earn a Bonus for any full calendar year provided that you remain employed by the Company as of December 31 of that year. As an exempt salaried employee, you will be expected to be available and working during the Company’s regular business hours, and without additional compensation, for such extended hours or additional time as appropriate to manage your responsibilities. The Company reserves the right to reasonably require you to perform your duties at places other than its Palo Alto facility from time to time, and to require reasonable business travel, including international travel, at the Company’s expense. You will be eligible for the following standard Company benefits: medical insurance, paid time off (PTO), 401(K), Employee Stock Purchase Plan (ESPP) and holidays. Details about these benefits are provided in the Employee Handbook and Summary Plan Descriptions, available for your review. Eiger may change compensation and benefits from time to time in its discretion. ACTIVE 269404020 Exhibit 10.1 Subject to approval by the The Company’s Board of Directors (the “Board”) ), has previously, under the Company shall grant Eiger Equity Incentive Plan (the “Plan”), granted you an option options to purchase 180,000 shares (the “Option”) of the Company’s Common Stock, with an exercise price equal to Stock at fair market value of a share of Company Common Stock as determined by the Board as of the date of grant. The Option will be subject to the terms and conditions of the underlying equity plan and your grant agreement. Your grant agreement will include a four-year vesting schedule, under which 25 percent of your shares will vest after twelve months of employment, with the remaining shares vesting monthly thereafter, until either your Option is fully vested or your employment ends, whichever occurs first. In addition, you will be eligible for future equity awards granted in accordance with the Company’s equity plans as in effect from time to time at levels commensurate with your position and Exhibit 10.1 responsibilities and subject to such terms as shall be determined by the Board or one of its committees in its or their sole discretion. As an Eiger employee, you will be expected to abide by Company rules and policies, and acknowledge in writing that you have read the Company’s Employee Handbook. As a condition of employment, you must sign and comply with the attached Employee Confidential Information and Inventions Assignment Agreement, which prohibits unauthorized use or disclosure of Eiger proprietary information, among other obligations. In your work for the Company, you will be expected not to use or disclose any confidential information, including trade secrets, of any former employer or other person to whom you have an obligation of confidentiality. Rather, you will be expected to use only that information which is generally known and used by persons with training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company. You agree that you will not bring onto Company premises any unpublished documents or property belonging to any former employer or other person to whom you have an obligation of confidentiality. You hereby represent that you have disclosed to the Company any contract you have signed that may restrict your activities on behalf of the Company.

Appears in 1 contract

Samples: Eiger BioPharmaceuticals, Inc.

Duties, Compensation and Benefits. You will continue to serve as the General Counsel, Corporate Secretary, and Chief Compliance Financial Officer, reporting to the President and CEOChief Executive Officer. You will work at our facility located at 0000 2000 Xxxx Xxxxxxxxx xx Xxxx Xxxx, Xxxxxxxxxx. Your salary will be $390,000 335,000 per year, less payroll deductions and withholdings. You will be paid semi-monthly, or in accordance with Company’s compensation practices for other employees in place at the time. In addition, you will be eligible for an annual bonus, targeted at 4035% of your base salary, subject to applicable payroll deductions and withholdings (“Bonus”). Whether you receive this Bonus, and the amount of any such Bonus, will be determined by the Company in its sole discretion based upon your performance, the Company’s performance and such other criteria that the Company deems relevant. Any Bonus shall be paid within thirty (30) days after the Company’s determination that a Bonus shall be awarded. You will be eligible to earn a Bonus for any full calendar year provided that you remain employed by the Company as of December 31 of that year. As an exempt salaried employee, you will be expected to be available and working during the Company’s regular business hours, and without additional compensation, for such extended hours or additional time as appropriate to manage your responsibilities. The Company reserves the right to reasonably require you to perform your duties at places other than its Palo Alto facility from time to time, and to require reasonable business travel, including international travel, at the Company’s expense. You will be eligible for the following standard Company benefits: medical insurance, paid time off (PTO), 401(K), Employee Stock Purchase Plan (ESPP) and holidays. Details about these benefits are provided in the Employee Handbook and Summary Plan Descriptions, available for your review. Eiger may change compensation and benefits from time to time in its discretion. ACTIVE 269404020 Exhibit 10.1 Subject to approval by the The Company’s Board of Directors (the “Board”) ), has previously, under the Company shall grant Eiger Equity Incentive Plan (the “Plan”), granted you an option options to purchase 180,000 shares (the “Option”) of the Company’s Common Stock, with an exercise price equal to Stock at fair market value of a share of Company Common Stock as determined by the Board as of the date of grant. The Option will be subject to the terms and conditions of the underlying equity plan and your grant agreement. Your grant agreement will include a four-year vesting schedule, under which 25 percent of your shares will vest after twelve months of employment, with the remaining shares vesting monthly thereafter, until either your Option is fully vested or your employment ends, whichever occurs first. In addition, you will be eligible for future equity awards granted in accordance with the Company’s equity plans as in effect from time to time at levels commensurate with your position and responsibilities and subject to such terms as shall be determined by the Board or one of its committees in its or their sole discretion. As an Eiger employee, you will be expected to abide by Company rules and policies, and acknowledge in writing that you have read the Company’s Employee Handbook. As a condition of employment, you must sign and comply with the attached Employee Confidential Information and Inventions Assignment Agreement, which prohibits unauthorized use or disclosure of Eiger proprietary information, among other obligations. In your work for the Company, you will be expected not to use or disclose any confidential information, including trade secrets, of any former employer or other person to whom you have an obligation of confidentiality. Rather, you will be expected to use only that information which is generally known and used by persons with training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company. You agree that you will not bring onto Company premises any unpublished documents or property belonging to any former employer or other person to whom you have an obligation of confidentiality. You hereby represent that you have disclosed to the Company any contract you have signed that may restrict your activities on behalf of the Company.

Appears in 1 contract

Samples: Offer Letter Agreement (Eiger BioPharmaceuticals, Inc.)

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