Exhibit 10.30
Effective as of November 20, 1999
Xxxxxxx Xxxxxxxxx
0 Xxxxxx Xxxxxx
Xxxxxxx, XX 00000
Dear Xxxxxxx:
This will confirm our agreement pursuant to which you will act as a
consultant to us ("AutoImmune").
As a consultant, you will provide such financial services to AutoImmune as
the Chairman of the Board of Directors of AutoImmune or his designee shall
reasonably require. Your services will include assistance in the quarterly close
of AutoImmune's books; preparation of quarterly Reports on Form 10-Q and Annual
Reports on Form 10-K; working with the Audit Committee of AutoImmune's Board of
Directors; preparation of tax returns on behalf of AutoImmune; assistance in the
preparation and dissemination of press releases; assistance in the preparation
of AutoImmune's annual report to stockholders; assistance in the preparation of
AutoImmune's proxy statements; attendance to insurance and benefits matters
involving AutoImmune; and assistance with the calling and holding of meetings of
AutoImmune's stockholders.
For these services, AutoImmune shall pay you at the rate of one hundred
dollars ($100) per hour but in no event less than eight thousand dollars
($8,000) per calendar quarter during the term of this Agreement. You shall be
paid for your services within thirty (30) days after AutoImmune's receipt of
your invoice for such services. Such invoice shall be accompanied by a report
setting forth in reasonable detail the nature of your activities and time spent.
You shall also be reimbursed for expenses incurred by you in the performance of
your services under this agreement to the extent these expenses were approved in
advance by AutoImmune and upon submission of appropriate documentation.
This agreement may be terminated by either you or AutoImmune effective as
of February 19, May 19, August 19 or November 19 of a calendar year upon thirty
(30) days' prior written notice.
Your status as a consultant to AutoImmune will be that of an independent
contractor and not as an employee of AutoImmune.
This agreement constitutes the entire agreement between us with respect to
the subject matter hereof and may not be modified or changed or its provisions
waived, except by an agreement in writing. This agreement shall inure to the
benefit of and be binding upon our respective heirs, personal representatives,
successors and assigns.
If the foregoing accurately sets forth our agreement, please so indicate
by signing and returning to AutoImmune the enclosed copy of this letter.
Very truly yours,
AUTOIMMUNE INC.
By /s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx, Ph.D.
Its Chief Executive Officer
AGREED:
/s/ Xxxxxxx X. Xxxxxxxxx
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Xxxxxxx Xxxxxxxxx
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