Re:Amendment to Employment Agreement dated August 24, 2011
Exhibit 10.1
December 23, 2016
Re:Amendment to Employment Agreement dated August 24, 2011
Dear Xx. Xxxxx:
This letter (“Amendment”) is to confirm our understanding concerning an amendment to be made with respect to the Employment Agreement dated as of the 24th day of August 2011 (the “Agreement”), between NovoCure USA Inc. (“Company”) and Xxxxxxx Xxxxx (“Employee”). All terms not otherwise defined herein are used as defined in the Agreement.
The purpose of this Amendment is to modify the terms of the Agreement.
The Agreement is hereby amended as follows:
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The parties mutually agree that the Agreement shall terminate effective December 31, 2016. For clarity and notwithstanding the prior sentence, Xx. Xxxxx shall continue to serve as a director of the Company’s affiliate, NovoCure Limited. |
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Except as amended hereby, the Agreement remains in full force and effect. |
If the foregoing accurately reflects your understanding as to these matters, please indicate your agreement in the space provided below, and return one fully-executed original to me.
Very truly yours,
/s/ Wilco Groenhuysen
Wilco Groenhuysen
Chief Financial Officer
Acknowledged and agreed to by:
By: /s/ Xxxxxxx Xxxxx
Xxxxxxx Xxxxx
Date: December 22, 2016
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