ContractCorporation Executive Severance Agreement • May 5th, 2020
<DOCUMENT> <TYPE>EX-10.9 <SEQUENCE>19 <FILENAME>v98169orexv10w9.txt <DESCRIPTION>EXHIBIT 10.9 <TEXT> <PAGE> Exhibit 10.9 MANNKIND CORPORATION EXECUTIVE SEVERANCE AGREEMENT This Executive Severance Agreement (this "Agreement"), dated and effective as of August 1, 2003 is between MannKind Corporation, a Delaware corporation (the "Company"), and Dan Burns (the "Executive"). WHEREAS the board of directors of the Company (the "Board") has determined that it is in the best interests of the Company and its shareholders to ensure that the Company will have the continued dedication of the Executive, notwithstanding the fact that the Executive does not have any form of traditional employment contract or other assurance of job security; AND WHEREAS the Board believes it is imperative to diminish any distraction of the Executive arising from the personal uncertainty and insecurity that arises in the absence of any assurance of job security by providing the Executive with reasonable compensation an
