0001558370-20-005460 Sample Contracts

IRONWOOD PHARMACEUTICALS, INC. AMENDED & RESTATED EXECUTIVE SEVERANCE AGREEMENT
Executive Severance Agreement • May 6th, 2020 • Ironwood Pharmaceuticals Inc • Pharmaceutical preparations • Massachusetts

This Amended & Restated Executive Severance Agreement (this “Agreement”) is made as of February 26, 2019 (the “Effective Date” by and between Ironwood Pharmaceuticals, Inc., a Delaware corporation (the “Company” and Halley Gilbert (the “Executive”)

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Ironwood Pharmaceuticals, Inc. 2019 Equity Incentive Plan Performance-Based Restricted Stock Unit Award Agreement
Restricted Stock Unit Award Agreement • May 6th, 2020 • Ironwood Pharmaceuticals Inc • Pharmaceutical preparations

This agreement (including any exhibits hereto, this “Agreement”) evidences an award (the “Award”) of performance-based restricted stock units (the “PSUs”) granted by Ironwood Pharmaceuticals, Inc. (the “Company”) to the individual named above (the “Participant”), pursuant to and subject to the terms of the Ironwood Pharmaceuticals, Inc. 2019 Equity Incentive Plan (as amended from time to time, the “Plan”). Except as otherwise defined herein, all capitalized terms used herein have the same meaning as in the Plan.

Dear Halley:
Ironwood Pharmaceuticals Inc • May 6th, 2020 • Pharmaceutical preparations • Massachusetts

This letter summarizes the terms of the separation package that Ironwood Pharmaceuticals, Inc. (“Ironwood”) is willing to offer you. Please read this letter agreement (the “Letter Agreement”), which includes a general release, carefully. If you are willing to agree to its terms, please print your name and sign and date in the space provided below and return it to: General Counsel, Ironwood Pharmaceuticals, Inc., 100 Summer Street, Suite 2300, Boston, Massachusetts 02110.

SERVICES AGREEMENT
Services Agreement • May 6th, 2020 • Ironwood Pharmaceuticals Inc • Pharmaceutical preparations • Massachusetts

THIS SERVICES AGREEMENT (“Agreement”) made as of February 29, 2020 (the “Effective Date”) is between Ironwood Pharmaceuticals, Inc., a Delaware corporation having an address at 100 Summer Street, Suite 2300, Boston, MA 02110 (“Ironwood”), and Halley E. Gilbert (“Consultant”). Ironwood desires to have the benefit of Consultant's knowledge and experience, and Consultant desires to provide Services (defined below) to Ironwood, all as provided in this Agreement.

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