EXECUTIVE RETENTION PACKAGE LETTERExecutive Retention Package • March 2nd, 2020 • Neon Therapeutics, Inc. • Biological products, (no disgnostic substances)
As you know, Neon Therapeutics, Inc. (“Neon”) is offering a retention package to executives who remain with the company after Neon’s recent restructuring. We consider your continued service and dedication to Neon essential to our mission to transform the treatment of cancer. To incent you to remain employed with Neon and to address any concerns about your job security, we are pleased to offer you a retention package, as described in this letter agreement. In addition, we want you to know that Neon presently plans to pay the 2019 annual bonus in February 2020 and that annual merit equity awards, promotions and merit pay increases are all presently planned for early 2020.
