Exhibit 10.1
June 15, 2021
Carrie Krehlik
6015 Colton Blvd.
Oakland, CA 94611
Dear Carrie,
Global Blood Therapeutics, Inc. (the “Company”) is pleased to offer you employment on the following terms:
Upon the first instance of the Company’s achievement, on or before June 30, 2024, of the applicable Stock Price Hurdles set forth below, subject to your continued employment or other service relationship with the Company through such vesting date (the “Hurdle Achievement Date”), 50% of the corresponding number of RSUs shall vest on such Hurdle Achievement Date and the remaining 50% of the corresponding number of RSUs shall vest on the first anniversary of such Hurdle Achievement Date, subject to the your continued employment or other service relationship with the Company through such date.
Stock Price Hurdle |
Number of RSUs | Aggregate % of Target Award |
$72.80 | --- | --- |
$109.20 | 8,480 (20%) | 20% |
$145.60 | 14,840 (35%) | 55% |
$182.00 | 19,080 (45%) | 100% |
The performance-based RSUs shall be subject to additional terms and conditions, including with respect to their treatment upon a Sale Event (as defined in the 2015 Plan), consistent with those applicable to the performance-based RSUs previously approved by the Compensation Committee of the Board and granted to selected employees at the EVP level.
* * * * *
We hope that you will accept our offer to join the Company. You may indicate your agreement with these terms and accept this offer by signing this employment agreement and the enclosed Employee Confidentiality and Assignment Agreement and returning them to me. This offer, if not accepted, will expire at 5:00pm on Monday, June 21, 2021. As required by law, your employment with the Company is contingent upon your providing legal proof of your identity and authorization to work in the United States. Your employment is also contingent upon your starting work with the Company on August 2, 2021, or such other date as you and I (as an authorized party of the Company) may agree to in writing (without the need to formally amend this offer letter).
If you have any questions, please call me at 415-269-9376.
Very truly yours,
/s/ Jeff Farrow
Jeff Farrow
Chief Financial Officer
GLOBAL BLOOD THERAPEUTICS, INC.
I have read and accept this employment offer:
/s/ Carrie Krehlik
Carrie Krehlik
Date: June 16, 2021
Attachment
Exhibit A: Employee Confidentiality and Assignment Agreement