Re: Consulting Services, Separation Agreement and ReleaseConsulting Services, Separation Agreement and Release • February 12th, 2016 • Arcadia Biosciences, Inc. • Agricultural chemicals • California
As discussed, you and Arcadia Biosciences, Inc. (“Arcadia” or the “Company”) have mutually agreed that your employment with Arcadia shall terminate effective as of March 1, 2016 (the “Termination Date”). The purpose of this Consulting Services, Separation Agreement and Release letter (“Agreement”) is to set forth the terms and conditions of your consulting services and the specific separation benefits that Arcadia will provide you in exchange for your agreement to the terms and conditions of this Agreement. You and Arcadia agree that for the purpose of determining severance benefits, the termination of your employment shall be deemed a termination without cause pursuant to the Severance and Change in Control Agreement between you and the Company executed on May 11, 2015 (“2015 Severance Agreement”), and that the benefits set forth in Sections 2(a)-(d) and 3(a) of this Agreement are merely restating the termination without cause benefits of the 2015 Severance Agreement (and this Agreeme
