Special Compensation and Continued Employment Agreement Sample Contracts

PDL LETTERHEAD] May 1, 2002

Special Compensation and Continued Employment Agreement • August 14th, 2002 • Protein Design Labs Inc/De • Biological products, (no disgnostic substances) • California

• Contract Type
  Special Compensation and Continued Employment Agreement
• Filed
  August 14th, 2002
• Company
  Protein Design Labs Inc/De
• Industry
  Biological products, (no disgnostic substances)
• Jurisdiction
  California

As we have discussed, Protein Design Labs, Inc. (the "Company") wishes to acknowledge your resignation as the Company's Chief Executive Officer and memorialize the terms of your continued employment with the Company as its Chairman of the Board of Directors ("Chairman") by entering into this Special Compensation and Continued Employment Agreement (the "Agreement") with you.