March 18, 2003Severance Agreement • March 31st, 2003 • Aclara Biosciences Inc • Measuring & controlling devices, nec • California
ACLARA BioSciences, Inc. (the “Company”) considers it essential to the best interests of its shareholders to foster the continuous employment of the Company’s key management personnel. In order to induce you to remain in its employ, the Company hereby agrees that after this letter agreement (this “Agreement”) has been fully executed, you shall receive the severance benefits set forth in this Agreement in the event of a Hostile Takeover (as defined below) or that your employment with the Company is terminated under the circumstances described below.
ACLARA BIOSCIENCES, INC. LETTERHEAD] [Date],Change in Control Agreement • March 31st, 2003 • Aclara Biosciences Inc • Measuring & controlling devices, nec
ACLARA BioSciences, Inc. (the “Company”) considers it essential to the best interests of its shareholders to foster the continuous employment of the Company’s key management personnel. In this regard, the Company’s Board of Directors (the “Board”) recognizes that, as is the case with many publicly-held corporations, the possibility of a change in control of the Company may exist and the uncertainty and questions that it may raise among management could result in the departure or distraction of management personnel to the detriment of the Company and its shareholders.
March 18, 2003 Mr. Thomas Klopack Encinitas, CA 92024 Dear Tom:Employment Agreement • March 31st, 2003 • Aclara Biosciences Inc • Measuring & controlling devices, nec • California
