EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • March 16th, 2007 • Inhibitex, Inc. • Biological products, (no disgnostic substances)
THIS AGREEMENT, dated as of January 19, 2007, is between Inhibitex, Inc., a Delaware corporation (the “Company”), and Russell H. Plumb (the “Executive”).
RECITALSLicense and Development Agreement • March 16th, 2007 • Inhibitex, Inc. • Biological products, (no disgnostic substances) • Delaware
SEVERANCE AND RELEASE AGREEMENTSeverance Agreement • March 16th, 2007 • Inhibitex, Inc. • Biological products, (no disgnostic substances) • Georgia
In connection with, and based on the circumstances surrounding, the termination by Inhibitex, Inc. (the “Company”), effective as of January 31, 2007, of my employment as Vice President, Regulatory & Quality of the Company (the “Termination”) and the termination of the Employment Agreement, dated February 20, 2004, between the Company and me, as amended (the “Employment Agreement”) as of the Termination, the Company agrees as follows:
SEVERANCE AND RELEASE AGREEMENTSeverance Agreement • March 16th, 2007 • Inhibitex, Inc. • Biological products, (no disgnostic substances) • Georgia
In connection with, and based on the circumstances surrounding, the termination by Inhibitex, Inc. (the “Company”), effective as of December 30, 2006, of my employment as President and Chief Executive Officer of the Company (the “Termination”) and the termination of the Employment Agreement, dated February 20, 2004, between the Company and me, as amended (the “Employment Agreement”) as of the Termination, the Company agrees as follows:
CONFIDENTIAL RETENTION/STAY BONUS AGREEMENTRetention/Stay Bonus Agreement • March 16th, 2007 • Inhibitex, Inc. • Biological products, (no disgnostic substances) • Georgia
Employer understands that the strategic direction of Inhibitex, Inc. (the “Company”) is uncertain. The Company is requesting that the Employee continue his or her employment with the Company for a minimum period stated in Schedule A (the “Period”). Employee understands that if he continues to satisfactorily perform his or her duties through the Period, Employer agrees to continue Employee’s at-will employment and to pay Employee a retention/stay bonus as specified in Schedule A.
CONFIDENTIAL RETENTION/STAY BONUS AGREEMENTRetention/Stay Bonus Agreement • March 16th, 2007 • Inhibitex, Inc. • Biological products, (no disgnostic substances) • Georgia
Employer understands that the strategic direction of Inhibitex, Inc. (the “Company”) is uncertain. The Company is requesting that the Employee continue his or her employment with the Company for a minimum period stated in Schedule A (the “Period”). Employee understands that if he continues to satisfactorily perform his or her duties through the Period, Employer agrees to continue Employee’s at-will employment and to pay Employee a retention/stay bonus as specified in Schedule A.
CONFIDENTIAL RETENTION/STAY BONUS AGREEMENTRetention/Stay Bonus Agreement • March 16th, 2007 • Inhibitex, Inc. • Biological products, (no disgnostic substances) • Georgia
Employer understands that the strategic direction of Inhibitex, Inc. (the “Company”) is uncertain. The Company is requesting that the Employee continue his or her employment with the Company for a minimum period stated in Schedule A (the “Period”). Employee understands that if he continues to satisfactorily perform his or her duties through the Period, Employer agrees to continue Employee’s at-will employment and to pay Employee a retention/stay bonus as specified in Schedule A.
