CHANGE OF CONTROL SEVERANCE AGREEMENTChange of Control Severance Agreement • November 8th, 2004 • Abgenix Inc • Biological products, (no disgnostic substances) • California
This Change of Control Severance Agreement (the “Agreement”) is made and entered into effective as of August 30, 2004 (the “Effective Date”), by and between William R. Ringo (the “Employee”) and Abgenix, Inc., a Delaware corporation (the “Company”). Certain capitalized terms used in this Agreement are defined in Section 1 below.
EMPLOYMENT AGREEMENTEmployment Agreement • November 8th, 2004 • Abgenix Inc • Biological products, (no disgnostic substances) • California
On behalf of Abgenix, Inc., a Delaware corporation, (the “Company”) and the Company’s Board of Directors (“Board”), we are pleased to offer you the position of President and Chief Executive Officer reporting to the Board. You will work at the Company’s headquarters in Fremont, California. Except as otherwise expressly provided below, this Agreement, by and between the Company and William R. Ringo, will become effective on your start date of employment as the Company’s President and Chief Executive Officer, August 30, 2004 (the “Effective Date”), and sets forth the terms and conditions of your employment with the Company.
Abgenix, Inc. RESIGNATION AND TRANSITION AGREEMENTResignation and Transition Agreement • November 8th, 2004 • Abgenix Inc • Biological products, (no disgnostic substances) • California
This Resignation and Transition Agreement (this “Agreement”) is entered into between Abgenix, Inc. (the “Company”) and Raymond M. Withy (“Employee”). The purpose of this Agreement is to arrange for Employee’s resignation as the Chief Executive Officer and President of the Company as well as for a transition of Employee’s employment with Company on a basis that is satisfactory both to Company and to Employee (collectively, the “Parties”). In consideration of the promises and obligations set forth herein, the Company agrees to provide certain additional benefits to Employee in full satisfaction of its obligations under the employment relationship between the Parties and Employee agrees to release the Company from any claims or obligations as set forth herein.
