July 23, 2008 Leonard Blum Theravance, Inc.
Exhibit 10.47
July 23, 2008
Xxxxxxx Xxxx
Theravance, Inc.
000 Xxxxxxx Xxxx
Xxxxx Xxx Xxxxxxxxx, XX 00000
Re: Amendment to Offer Letter dated July 27, 2007
Dear Xxxxxxx:
By your countersignature below, this letter agreement amends the offer letter between Theravance, Inc. (the “Company”) and you dated July 27, 2007 (the “Offer Letter”).
Exhibit A to the Offer Letter is hereby amended to provide you with up to an additional twelve (12) months of temporary housing and weekly round-trip coach class travel between San Francisco and Seattle, in each case, as described in and subject to the conditions in the Offer Letter. In addition, the Company will extend the period during which you may utilize the relocation assistance described in the Offer Letter by up to twelve (12) months. Each of these benefits is contingent upon your continuous service as a full-time employment of the Company.
Except as provided above, all other terms and conditions of the Offer Letter shall remain in full force and effect.
|
|
Sincerely, |
|
|
|
|
|
|
|
/s/ Xxxx X Xxxxxxxxxx |
|
|
|
|
|
|
|
Xxxx X Xxxxxxxxxx |
|
|
|
Chief Executive Officer |
|
|
|
|
|
|
AGREED AND ACCEPTED: |
|
|
|
|
|
|
|
|
|
|
|
/s/ Xxxxxxx Xxxx |
|
|
|
Xxxxxxx Xxxx |
|
|
|
|
|
|
|
Date: July 23, 2008 |
|
|
