EMPLOYMENT AGREEMENT WITH BOBBY PURKAIT DATED FEBRUARY 18, 2004
EXHIBIT 10.30
EMPLOYMENT AGREEMENT WITH XXXXX XXXXXXX DATED FEBRUARY 18, 2004
February 18, 2004 REVISED
Xxxxx Xxxxxxx
0000 Xxxx Xxxxxx Xxxx
Xxxxxxxxx, XX 00000
Dear Xxxxx:
The purpose of this letter is to confirm the transfer of your assignment as Senior Vice President for Business Development from a full to a part-time (50%), interim position. The terms and conditions of the transfer are as follows:
TITLE: Senior Vice President, Business Development
SUPERVISOR: Xxxxx Xxxxxx, Chairman/CEO
EFFECTIVE DATES: April 1, 2004 through May 31,
2004. NOTE: Final day of work may be accelerated with approval of
CEO, or extended by agreement of
Employee and Company.
BASE SALARY: 60% of base pay
BONUS: Any FY04 bonus paid at 100%; any FY05 bonus pay-out will be prorated (60%).
STOCK OPTIONS: Continued participation in the Company stock option program, including vesting of awarded options per defined schedule.
BENEFITS: All current benefits will remain in full effect, including monthly car allowance.
TRAVEL: Travel required by business needs will be reimbursed in accordance with Company policy and guidelines.
RESPONSIBILITIES: Coordination
of all project activities related to Botulinum Toxin project. In addition, we
have agreed that you may work as an independent
consultant and/or to develop
your own products; however, you may not divulge any confidential or proprietary
information and/or engage in
any work that might present a conflict with Mentor
Corporation or its business. This includes any work related to the following
products:
AESTHETIC: Breast Implants (Gel and
Saline)
Dermal
Filler (Hyaluronic Acid, Polyacrylamide)
Botulinum
Toxin Type A (injectable)
Liposuction
Tissue
Expanders
UROLOGY: Penile Implant(s)
Brachytherapy
Products
Gel
Ablation Products
Saber
Obtape
Incontinence
or Pelvic Floor Repair
Home
Health Care Products
Mentor Corporation is committed to a standard of excellence in the products and services that it provides to its customers. Our employees have participated in our efforts to meet this commitment and to achieve a standard of excellence. Because the company and its employees are judged on their performance and results, it is important that both retain theability to determine their own relationships with one another. Accordingly, either the employee or Mentor can terminate the employment relationship at will, with or without cause, and with or without advance notice, at any time. No one other than the Chairman/CEO of Mentor Corporation has the authority to enter into any agreement for employment for any specified period of time, or to make any agreement contrary to the foregoing. Any agreement contrary to the foregoing must be in writing and signed by the Chairman/CEO of Mentor Corporation and the employee.
Any salary figures provided to an employee in annual or monthly terms are stated for the sake of convenience or to facilitate comparisons and are not intended and do not create an employment contract.
This covers all of the details of our offer to you. When you have signed this letter, it, along with your Employee Confidentiality Agreement, will together constitute the entire agreement between you and Mentor concerning your employment.
If the above meets with your approval, please sign the original of the two letters enclosed indicating your acceptance of this offer. Please return the original to Corporate Human Resources by February 19, 2004. The copy enclosed is for your files.
Signed By:
/s/XXXXX XXXXXX 2/18/04
Xxxxx Xxxxxx Date
Chairman/CEO
Accepted By:
/s/XXXXX XXXXXXX 2/18/04
Xxxxx Xxxxxxx Date
Senior Vice President
