CELL THERAPEUTICS, INC. JAMES BIANCO EMPLOYMENT AGREEMENTEmployment Agreement • March 15th, 2011 • Cell Therapeutics Inc • Pharmaceutical preparations • Washington
This Employment Agreement is entered into by and between Cell Therapeutics, Inc. (the “Company”), and James A. Bianco (the “Executive”) (the “Agreement”) and effective January 1, 2011 (the “Effective Date”). This Agreement will automatically terminate on December 31, 2012 (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and Executive’s employment hereunder shall be automatically extended, for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives written notice at least sixty (60) days prior to the Termination Date (or any anniversary of the Termination Date thereafter) of such party’s desire to terminate this Agreement on such date (a “Non-Renewal Notice”); further provided that Executive’s employment may be terminated at any time pursuant to Section 2 subject to the severance provisions of Section 7.
