SETTLEMENT AGREEMENT AND RELEASESettlement Agreement and Release • March 20th, 2007 • Trimeris Inc • Biological products, (no disgnostic substances) • North Carolina
THIS SETTLEMENT AGREEMENT AND RELEASE ("Settlement Agreement") sets out the complete agreement and understanding between TRIMERIS, INC. (the "Company") and ROBERT BONCZEK (the "Executive" or "Mr. Bonczek") regarding the termination of Executive's employment with the Company.
SETTLEMENT AGREEMENT AND RELEASESettlement Agreement and Release • March 20th, 2007 • Trimeris Inc • Biological products, (no disgnostic substances) • North Carolina
THIS SETTLEMENT AGREEMENT AND RELEASE ("Settlement Agreement") sets out the complete agreement and understanding between TRIMERIS, INC. (the "Company") and DANI BOLOGNESI (the "Executive" or "Dr. Bolognesi") regarding the termination of Executive's employment with the Company.
To: Robert Bonczek From: Jeff Lipton, Chairman of the Board Letter Agreement of RetirementTrimeris Inc • March 20th, 2007 • Biological products, (no disgnostic substances)
Trimeris, Inc. ("Company") hereby requests that you elect to retire effective on April 30, 2007. If you agree, and upon execution of the attached settlement and release, your retirement will also be considered to be a termination without cause pursuant section 5(a)(i) of your Executive Employment Agreement with the Company dated March 9, 2007 ("Employment Agreement") and accordingly you will be entitled to all the benefits of that Employment Agreement in addition to the benefits due to you as a result of your retirement including the opportunity to exercise vested options for the full term of the options as provided under the Company's Retiree Benefits plan.
To: Dr. Dani Bolognesi From: Jeff Lipton, Chairman of the Board Letter Agreement of RetirementTrimeris Inc • March 20th, 2007 • Biological products, (no disgnostic substances)
Trimeris, Inc. ("Company") hereby requests that you elect to retire effective on March 16, 2007. If you agree, and upon execution of the attached settlement and release, your retirement will also be considered to be a termination without cause pursuant section 5(a)(i) of your Executive Employment Agreement with the Company dated March 9, 2007 ("Employment Agreement") and accordingly you will be entitled to all the benefits of that Employment Agreement in addition to the benefits due to you as a result of your retirement including the opportunity to exercise vested options for the full term of the options as provided under the Company's Retiree Benefits plan.
