Contract
First
Amendment to Employment Agreement between Xxx X. Xxxxxxxxxx
(“Executive”) and Monopar Therapeutics Inc.
(“Company”) dated November 1, 2017. The following
amendments are made effective March 1, 2018. All other unrevised
sections remain in full force.
2.1 Position and Duties, Executive will
devote Executive’s best efforts and 50% of Executive’s
business time and attention (except for vacation periods and
reasonable periods of illness or other incapacities permitted by
the Company’s general employment policies or as otherwise set
forth in this Agreement) to the business of the
Company.
3.1 Base Salary, Executive shall receive
for services to be rendered hereunder an annual base salary of
$137,500 representing 50% of full-time.
3.3 Standard Company Benefits, Executive
shall be entitled to all benefits offered by the Company so long as
Executive devotes 50% or more time to the business of the Company.
In lieu of benefits, Executive shall be reimbursed up to $1,800 per
month for out-of-pocket expenses for medical, dental and vision
benefits until such time the Company has benefit plans in place.
Based upon 50% service, Executive shall be entitled each year to
two (2) weeks leave for vacation at full pay, provided, that the
maximum amount Executive may have accrued at any point in time is
two (2) weeks (meaning that once Executive has accrued two (2)
weeks, Executive will not accrue any additional vacation time until
she takes vacation and falls below the two (2) week accrual
cap).
Pursuant to section
6.1(a) Other Activities, Exhibit
A
25% of
full-time employment with no benefits at Mercaptor Discoveries Inc.
as Chief Financial Officer, Secretary, Treasurer and
Co-Founder
Minimal
time, as needed, at DNAcheckup as a volunteer Chief Financial
Officer, Secretary and Treasurer
Requested
by:
/s/ Xxx
X. Xxxxxxxxxx
February 26,
2018
Xxx X.
Xxxxxxxxxx
Date
Approved
by:
/s/
Xxxxxxxx X. Xxxxxxxx
March 1,
2018
Xxxxxxxx X.
Xxxxxxxx
Date
Monopar
Therapeutics Inc.
Co-Founder, Chief
Executive Officer and Director
