PANACOS PHARMACEUTICALS LETTERHEAD]Separation Agreement • September 25th, 2007 • Panacos Pharmaceuticals, Inc. • Biological products, (no disgnostic substances) • Massachusetts
The purpose of this letter agreement (the “Agreement”) is to confirm the terms regarding your separation of employment from Panacos Pharmaceuticals, Inc. (the “Company”). As more fully set forth below, the Company desires to provide you with severance pay and benefits in exchange for certain agreements by you.
