Retention Letter Sample Contracts

August 6, 2004
Retention Letter • November 9th, 2004 • Cubist Pharmaceuticals Inc • Pharmaceutical preparations • Massachusetts

You are a highly valuable employee of Cubist Pharmaceuticals, Inc. (“Cubist”). Cubist wishes to retain you as an employee, and is therefore willing to make certain commitments in order to induce you to remain an employee. This letter will confirm the agreement between you and Cubist (“Agreement”) in that regard. The Agreement is as follows:

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BY HAND DELIVERY Cubist Pharmaceuticals, Inc. Lexington, MA 02421
Retention Letter • February 27th, 2009 • Cubist Pharmaceuticals Inc • Pharmaceutical preparations

You are a highly valuable employee of Cubist Pharmaceuticals, Inc. (including any successor organizations, “Cubist”). Cubist wishes to retain you as an employee, and is therefore willing to make certain commitments in order to induce you to remain an employee. This letter will confirm the agreement between you and Cubist (“Agreement”) in that regard. The Agreement is as follows:

January 1, 2015
Retention Letter • December 19th, 2014 • Cubist Pharmaceuticals Inc • Pharmaceutical preparations
June 27, 2011
Retention Letter • July 29th, 2011 • Cubist Pharmaceuticals Inc • Pharmaceutical preparations
December 13, 2005
Retention Letter • December 16th, 2005 • Cubist Pharmaceuticals Inc • Pharmaceutical preparations

You are a highly valuable employee of Cubist Pharmaceuticals, Inc. (including any successor organizations, “Cubist”). Cubist wishes to retain you as an employee, and is therefore willing to make certain commitments in order to induce you to remain an employee. This letter will confirm the agreement between you and Cubist (“Agreement”) in that regard. The Agreement is as follows:

July 17, 2009 Santosh Vetticaden Cubist Pharmaceuticals, Inc. Lexington, MA 02421
Retention Letter • October 27th, 2009 • Cubist Pharmaceuticals Inc • Pharmaceutical preparations

You are a highly valuable employee of Cubist Pharmaceuticals, Inc. (including any successor organizations, “Cubist”). Cubist wishes to retain you as an employee, and is therefore willing to make certain commitments in order to induce you to remain an employee. This letter will confirm the agreement between you and Cubist (“Agreement”) in that regard. The Agreement is as follows:

August 11, 2008
Retention Letter • November 10th, 2008 • Cubist Pharmaceuticals Inc • Pharmaceutical preparations

You are a highly valuable employee of Cubist Pharmaceuticals, Inc. (including any successor organizations, “Cubist”). Cubist wishes to retain you as an employee, and is therefore willing to make certain commitments in order to induce you to remain an employee. This letter will confirm the agreement between you and Cubist (“Agreement”) in that regard. The Agreement is as follows:

BY HAND DELIVERY Cubist Pharmaceuticals, Inc. Lexington, MA 02421
Retention Letter • February 26th, 2010 • Cubist Pharmaceuticals Inc • Pharmaceutical preparations

You are a highly valuable employee of Cubist Pharmaceuticals, Inc. (including any successor organizations, “Cubist”). Cubist wishes to retain you as an employee, and is therefore willing to make certain commitments in order to induce you to remain an employee. This letter will confirm the agreement between you and Cubist (“Agreement”) in that regard. The Agreement is as follows:

Retention Letter
Retention Letter • January 17th, 2019 • Glaxosmithkline PLC • Pharmaceutical preparations

As you know, GlaxoSmithKline plc (“GSK”) has entered into that certain Agreement and Plan of Merger, dated as of December 3, 2018 (the “Merger Agreement”), among GSK, Adriatic Acquisition Corporation, an indirect wholly-owned subsidiary of GSK (“Purchaser”) and Tesaro, Inc. (“Tesaro”). Pursuant to the terms and conditions of the Merger Agreement, Purchaser has agreed to commence a cash tender offer to purchase all of the outstanding and issued shares of common stock of Tesaro (the “Transaction”).

August 1, 2013
Retention Letter • August 6th, 2013 • Cubist Pharmaceuticals Inc • Pharmaceutical preparations

You are a highly valuable employee of Cubist Pharmaceuticals GmbH, an affiliate of Cubist Pharmaceuticals, Inc. Cubist wishes to retain you as an employee of its affiliate and is therefore willing to make certain commitments in order to induce you to remain an employee. This letter will confirm the agreement between you and Cubist (“Agreement”) in that regard. The Agreement is as follows:

Dollar Tree, Inc.
Retention Letter • June 9th, 2016 • Dollar Tree Inc • Retail-variety stores

Reference is made to that certain retention letter (“Retention Letter”), dated as of July 27, 2014, entered into between you and Dollar Tree, Inc. (“Parent”) in connection with the merger consummated among Parent, Family Dollar Stores, Inc. (the “Company” and Dime Merger Sub, Inc.

CELLU TISSUE HOLDINGS, INC. LETTERHEAD]
Retention Letter • May 9th, 2006 • Cellu Tissue Holdings, Inc. • Paper mills

This One-Time Bonus shall be subject to forfeiture if your employment is terminated on or prior to September 27, 2006 for any reason, other than due to your death or Disability (as defined in the Employment Agreement) (a "Termination Event"). Within 30 days following a Termination Event on or prior to September 27, 2006, you shall repay the Company the One-Time Bonus. The Company shall be entitled to offset any amounts owing to you from the Company under your Employment Agreement or otherwise in order to recoup the One-Time Bonus.

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