1
EXHIBIT 10.48
September 9, 1996
Xxxxx X. Xxxxx, M.D.
0 Xxxxxxxx Xxxxx
Xxxxxxx, Xxxxxxxx 00000
Dear Xxxxx:
Reference is made to your employment letter agreement with the Company
effective July 14, 1993 (the "Employment Agreement"). At the August 20, 1996
meeting of the Company's Board of Directors, the Board resolved, effective
August 20, 1996, to extend from six months to thirty-six months the period
under your Employment Agreement for which you are entitled to severance (in the
form of a continuation of your then-current base salary) in the event either
(i) your employment with the Company is terminated other than for "cause" (as
defined in the Employment Agreement) or (ii) you terminate your employment with
the Company for "good reason" (as defined in the Employment Agreement). All
other terms of your Employment Agreement remain unchanged.
To evidence your agreement to the foregoing, please sign and date this
letter agreement as specified below.
Very truly yours,
GUILFORD PHARMACEUTICALS INC.
By: /s/ Xxxxxx X. Xxxxxx
-------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Vice President and Chief
Financial Officer
AGREED AND ACCEPTED:
/s/ Xxxxx X. Xxxxx, M.D
------------------------------
Xxxxx X. Xxxxx, M.D.
Date: 9/12/96
-------------------------
2
September 9, 1996
Xxxxxx X. Xxxxxx
000 Xxxxxxx Xxxx
Xxxxxxxxx, Xxxxxxxx 00000
Dear Andy:
Reference is made to your employment letter agreement with the Company
effective September 7, 1993 (the "Employment Agreement"). At the August 20,
1996 meeting of the Company's Board of Directors, the Board resolved, effective
August 20, 1996, to extend from six months to twelve months the period under
your Employment Agreement for which you are entitled to severance (in the form
of a continuation of your then-current base salary) in the event your
employment with the Company is terminated other than for cause. All other
terms of your Employment Agreement remain unchanged.
To evidence your agreement to the foregoing, please sign and date this
letter agreement as specified below.
Very truly yours,
GUILFORD PHARMACEUTICALS INC.
By: /s/ Xxxxx X. Xxxxx, M.D.
-------------------------------------
Name: Xxxxx X. Xxxxx, M.D.
Title: President and Chief Executive
Officer
AGREED AND ACCEPTED:
/s/ Xxxxxx X. Xxxxxx
--------------------------
Xxxxxx X. Xxxxxx
Date: 9/9/96
---------------------
3
September 9, 1996
Xxxx X. Xxxxxxx
00 Xxxxxxxx Xxxxx
Xxxxxxxxxxxx, Xxxxxxxx 00000
Dear Xxxx:
Reference is made to your employment letter agreement with the Company
effective January 17, 1994 (the "Employment Agreement"). At the August 20,
1996 meeting of the Company's Board of Directors, the Board resolved, effective
August 20, 1996, to extend from six months to twelve months the period under
your Employment Agreement for which you are entitled to severance (in the form
of a continuation of your then-current base salary) in the event your
employment with the Company is terminated other than for cause. All other
terms of your Employment Agreement remain unchanged.
To evidence your agreement to the foregoing, please sign and date this
letter agreement as specified below.
Very truly yours,
GUILFORD PHARMACEUTICALS INC.
By: /s/ Xxxxx X. Xxxxx, M.D.
-----------------------------------------
Name: Xxxxx X. Xxxxx, M.D.
Title: President and Chief Executive Officer
AGREED AND ACCEPTED:
/s/ Xxxx X. Xxxxxxx
------------------------------
Xxxx X. Xxxxxxx
Date: 9/9/96
-------------------------
4
September 9, 1996
Xxxx X. Xxxxxxxx
11241 Minstrel Xxxx Xxxxx
Xxxxxxxxxx, Xxxxxxxx 00000
Dear Xxxx:
Reference is made to your employment letter agreement with the Company
effective January 14, 1994 (the "Employment Agreement"). At the August 20,
1996 meeting of the Company's Board of Directors, the Board resolved, effective
August 20, 1996, to extend from six months to twelve months the period under
your Employment Agreement for which you are entitled to severance (in the form
of a continuation of your then-current base salary) in the event your
employment with the Company is terminated other than for cause. All other
terms of your Employment Agreement remain unchanged.
To evidence your agreement to the foregoing, please sign and date this
letter agreement as specified below.
Very truly yours,
GUILFORD PHARMACEUTICALS INC.
By: /s/ Xxxxx X. Xxxxx, M.D.
------------------------------------------
Name: Xxxxx X. Xxxxx, M.D.
Title: President and Chief Executive Officer
AGREED AND ACCEPTED:
/s/ Xxxx X. Xxxxxxxx
---------------------------------
Xxxx X. Xxxxxxxx
Date: 9/12/96
----------------------------
5
September 9, 0000
Xxxx X. Xxxxx, M.D.
00000 Xxx Xxx Xxxxx
Xxxxxxx, Xxxxxxxx 00000
Dear Xxxx:
Reference is made to your employment letter agreement with the Company
effective October 13, 1994 (the "Employment Agreement"). At the August 20,
1996 meeting of the Company's Board of Directors, the Board resolved, effective
August 20, 1996, to extend from six months to twelve months the period under
your Employment Agreement for which you are entitled to severance (in the form
of a continuation of your then-current base salary) in the event your
employment with the Company is terminated other than for cause. All other
terms of your Employment Agreement remain unchanged.
To evidence your agreement to the foregoing, please sign and date this
letter agreement as specified below.
Very truly yours,
GUILFORD PHARMACEUTICALS INC.
By: /s/ Xxxxx X. Xxxxx, M.D.
-----------------------------------------
Name: Xxxxx X. Xxxxx, M.D.
Title: President and Chief Executive Officer
AGREED AND ACCEPTED:
/s/ Xxxx Xxxx Xxxxx, M.D.
--------------------------------
Xxxx Xxxx Xxxxx, M.D.
Date: 9/10/96
---------------------------
6
September 9, 1996
Xxxxx X. Xxxxxx, Ph.D.
0000 Xxxxxxxxxx Xxxxx
Xxxxxx, Xxxxxxxx 00000
Dear Xxxxx:
Reference is made to your employment letter agreement with the Company
effective December 21, 1994 (the "Employment Agreement"). At the August 20,
1996 meeting of the Company's Board of Directors, the Board resolved, effective
August 20, 1996, to extend from six months to twelve months the period under
your Employment Agreement for which you are entitled to severance (in the form
of a continuation of your then-current base salary) in the event your
employment with the Company is terminated other than for cause. All other
terms of your Employment Agreement remain unchanged.
To evidence your agreement to the foregoing, please sign and date this
letter agreement as specified below.
Very truly yours,
GUILFORD PHARMACEUTICALS INC.
By: /s/ Xxxxx X. Xxxxx, M.D.
-----------------------------------------
Name: Xxxxx X. Xxxxx, M.D.
Title: President and Chief Executive Officer
AGREED AND ACCEPTED:
/s/ Xxxxx X. Xxxxxx, Ph.D.
-------------------------------
Xxxxx X. Xxxxxx, Ph.D.
Date: 9/9/96
--------------------------
7
September 9, 1996
Xxxxxxxx Xxxxxxxx
0000 Xxxxxxxx Xxxxx, #0000
Xxxxxxxx, Xxxxxxxx 00000
Dear Nick:
Reference is made to your employment letter agreement with the Company
effective February 6, 1995 (the "Employment Agreement"). At the August 20,
1996 meeting of the Company's Board of Directors, the Board resolved, effective
August 20, 1996, to extend from nine months to twelve months the period under
your Employment Agreement for which you are entitled to severance (in the form
of a continuation of your then-current base salary) in the event your
employment with the Company is terminated other than for cause. All other
terms of your Employment Agreement remain unchanged.
To evidence your agreement to the foregoing, please sign and date this
letter agreement as specified below.
Very truly yours,
GUILFORD PHARMACEUTICALS INC.
By: /s/ Xxxxx X. Xxxxx, M.D.
------------------------------------------
Name: Xxxxx X. Xxxxx, M.D.
Title: President and Chief Executive Officer
AGREED AND ACCEPTED:
/s/ Xxxxxxxx Xxxxxxxx
------------------------------
Xxxxxxxx Xxxxxxxx
Date: 9/9/96
-------------------------
8
September 9, 1996
Xxxxxx X. Xxxx
0000 Xxxxxxxxxx Xxxx
Xxxxxxxxx, Xxxxxxxx 00000
Dear Xxxxxx:
Reference is made to your employment letter agreement with the Company
effective February 18, 1995 (the "Employment Agreement"). At the August 20,
1996 meeting of the Company's Board of Directors, the Board resolved, effective
August 20, 1996, to extend from nine months to twelve months the period under
your Employment Agreement for which you are entitled to severance (in the form
of a continuation of your then-current base salary) in the event your
employment with the Company is terminated other than for cause. All other
terms of your Employment Agreement remain unchanged.
To evidence your agreement to the foregoing, please sign and date this
letter agreement as specified below.
Very truly yours,
GUILFORD PHARMACEUTICALS INC.
By: /s/ Xxxxx X. Xxxxx, M.D.
------------------------------------------
Name: Xxxxx X. Xxxxx, M.D.
Title: President and Chief Executive Officer
AGREED AND ACCEPTED:
/s/ Xxxxxx X. Xxxx
-----------------------------
Xxxxxx X. Xxxx
Date: 9/9/96
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