EMPLOYEE RELOCATION REPAYMENT AGREEMENT
Exhibit 10.49
EMPLOYEE RELOCATION REPAYMENT AGREEMENT
According to NEKTAR THERAPEUTICS policy, I am eligible to receive reimbursement for specified relocation expenses. Before receiving any reimbursements and/or advances, I agree to and understand the following:
In the event that I cease to be employed by NEKTAR THERAPEUTICS, or any of its affiliated companies, within twelve (12) months of the date a relocation expense was incurred on my behalf, for reasons other than death, disability or a decision by NEKTAR THERAPEUTICS that my services are no longer required, I agree to reimburse NEKTAR THERAPEUTICS, or any of its affiliated companies, all relocation expenses paid by NEKTAR THERAPEUTICS on the effective date of my termination according to the following scale:
Length of Service from Date Relocation Expense Was Incurred
|
Length of Services |
|
Amount |
|
|
|
|
|
|
|
9 months or less |
|
100 |
% |
|
9-10 months |
|
75 |
% |
|
10-11 months |
|
50 |
% |
|
11-12 months |
|
25 |
% |
|
/s/ Xxxx Xxxxxx |
4/2/03 |
|
Signed |
Date |
|
|
|
|
Xxxx Xxxxxx |
|
|
Print Name |
|
