Exhibit 10.30
[DRUGABUSE SCIENCES, INC. LETTERHEAD]
February 4, 2000
Xxxxxxxxx Xxxxxxxx Re: Employment Agreement
Dear Xxx:
On behalf of DrugAbuse Sciences, I am pleased to restate the terms of your
employment with DrugAbuse Sciences Inc. Your position with DrugAbuse
Sciences, Inc. is Chief Financial Officer and Senior Vice President, Business
Development. You report to the CEO. Your position is a full-time position.
As sole and overall compensation for your employment over the coming years,
you received stock options which were defined by the board of directors on
January 13, 2000, which are subject to continuous employment and certain
vesting conditions and milestones, as documented in the minutes of the board
meeting. Other than these stock options, you will receive no cash or other
compensation for your services.
Your reasonable business expenses will be reimbursed by the company,
according to the company policy. As a condition of your employment, you have
executed an Employee Confidential Information and Inventions Agreement.
Your employment with DrugAbuse Sciences is "at will"; in other words, either
you or DrugAbuse Sciences will have the right to terminate your employment
with DrugAbuse Sciences at any time, for any reason, with or without notice
and with or without cause, in your or our sole discretion. No severance will
apply upon termination.
The terms set forth in this letter supersede all prior agreements,
understandings and representations between us concerning the subject matter
of this letter. Changes to your employment agreement would apply only if in
writing and signed by DrugAbuse Sciences Inc. CEO.
Sincerely,
/s/ Xxxxxxxx Xxxxxxxx
Xxxxxxxx Xxxxxxxx, M.D.
Chairman and CEO, DAS Inc.
I, Xxxxxxxxx Xxxxxxxx, understand and agree to the above terms. I understand
that my employment with DrugAbuse Sciences is at will, and I acknowledge that
no representations or promises other than those set forth above have been
made to me with regard to the terms and conditions of my employment.
Signed: /s/ Xxxxxxxxx Xxxxxxxx Date: February 4, 2000
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