December 8, 2014 Robert W. Crane Sudbury, MA 01776 Re: Separation Agreement Dear Bob:Separation Agreement • January 29th, 2015 • Gi Dynamics, Inc. • Surgical & medical instruments & apparatus • Massachusetts
The purpose of this letter agreement (the “Agreement”) is to set forth the terms of your separation from GI Dynamics, Inc. (the “Company”). Payment of the Separation Benefit described below is contingent on your agreement to and compliance with the terms of this Agreement. As explained more fully in Section 8 below, you have forty five (45) days in which to sign this Agreement, and this Agreement shall become effective on the eighth (8th) day following such signing date (the “Effective Date”).
