AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT FOR JAMES P. PANEKIndemnity Agreement • January 29th, 2009 • Vaxgen Inc • Pharmaceutical preparations • California
This Amended and Restated Executive Employment Agreement (the “Agreement”) is entered into by and between James P. Panek (hereinafter “Executive”) and VaxGen, Inc. (hereinafter “VaxGen” or the “Company”), effective as of February 1, 2009 (the “Effective Date”). This Agreement supersedes in its entirety all prior employment agreements between Executive and VaxGen, whether signed or unsigned, including the Amendment Number One To Amended And Restated Executive Employment Agreement Dated March 26, 2008 (the “Prior Agreement”). In consideration of the mutual promises made herein, VaxGen and Executive agree as follows:
