Nanogen Inc. Contracts
Sample Business Contracts
Employment Agreement [Amendment No. 1] - Nanogen Inc. and Kieran Gallahue
Employment Forms
- Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT This First Amendment to Employment Agreement ("Amendment"), effective as of July 28, 2000, except where indicated, is made by and between NANOGEN, INC., a Delaware corporation (the "Company"), and KIERAN GALLAHUE (the "Executive"). RECITALS WHEREAS, the Company and Executive have entered into an Employment Agreement, dated October 29, 1999 (the "Employment Agreement"); and WHEREAS, the Company and Executive wish to amend the Employment Agreement as described herein. NOW, THEREFORE, the Company and Executive, in consideration of the mutual promises set forth herein, agree as follows: TERMS 1. RENEWAL. In Article I, Section B RENEWAL, the last sentence of the second paragraph shall be amended to decrease the number of months from "18" to "6", during which the Executive shall be paid his salary and benefits after termination as described therein. 2. TITLE/RESPONSIBILITIES. In Article II TITLE/RESPONSIBILITIES, Executive's title, effective as of September 1, 2000, shall be amended to "President, Chief Financial Officer and Treasurer," from "Senior Vice President, Chief Financial Officer and Treasurer." 3. SECTION 280G. In Article III, Section E SECTION 280G relating to restrictions on payments made pursuant to the Employment Agreement that may be considered "excess parachute payments" during Change of Control events as defined therein, shall be deleted in its entirety. 4. REMAINDER OF AGREEMENT. The other terms and conditions contained in the Employment Agreement shall remain in effect pursuant to the Employment Agreement and such terms and conditions, where applicable, shall also govern this Amendment. 5. GOVERNING LAW. This Amendment shall be construed in accordance with the laws of the State of California, notwithstanding its conflicts of law provisions. 6. EXECUTIVE ACKNOWLEDGMENT. Executive acknowledges (a) that he has consulted with or has had the opportunity to consult with independent counsel of his own choice concerning this Amendment, and has been advised to do so by the <PAGE> Company, and (b) that he has read and understands this Amendment, is fully aware of its legal effect, and has entered into it freely based on his own judgment. 7. COUNTERPARTS. This Amendment may be executed in one or more counterparts, all of which taken together constituted one and the same agreement. Executed by the parties as of the day and year first above written. NANOGEN, INC. By: /s/ HOWARD C. BIRNDORF ------------------------- Howard C. Birndorf Chairman and Chief Executive Officer EXECUTIVE /s/ KIERAN GALLAHUE ------------------------------ Kieran Gallahue