As of November 14, 2008 Leonard S. Schleifer, M.D., Ph.D. President and Chief Executive Officer, Regeneron Pharmaceuticals, Inc. 777 Old Saw Mill River Road Tarrytown, New York 10591-6707 Dear Len:Regeneron Pharmaceuticals Inc • February 26th, 2009 • Pharmaceutical preparations • New York
This employment agreement will replace and update the agreement dated December 20, 2002 between Regeneron Pharmaceuticals, Inc. ("Regeneron" or the "Company") and you. The compensation obligations of the Company under this agreement (the "Agreement") will be reduced by any amounts actually paid by any affiliate, subsidiary, and related entity controlled by or under common control with the Company ("Related Entity").
