Exhibit 10.10
GRITSTONE ONCOLOGY, INC.
EMPLOYMENT AGREEMENT
This Employment Agreement (the “Agreement”), entered into as of June 14, 2021 (the “Effective Date”), is between Gritstone bio, Inc., a Delaware corporation (the “Company”) and Vassiliki Economides (“Executive” and, together with the Company, the “Parties”).
WHEREAS, the Company desires to engage Executive to perform services as an employee of the Company under the terms hereof.
WHEREAS, Executive desires to provide services to the Company on the terms herein provided.
NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, including the respective covenants and agreements set forth below, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:
1
|||
2
|||
(f) Sign-On Bonus. On the first payroll date following the Effective Date, the Company shall pay Executive a one-time sign on bonus of $40,000, less applicable withholdings and deductions (the “Sign on Bonus”). Notwithstanding the foregoing, Executive acknowledges and agrees that the Sign on Bonus will only be fully earned on the first anniversary of the Effective Date if Executive remains continuously employed with the Company through the first anniversary of the Effective Date. In the event Executive’s employment with the Company terminates for any reason other than due to a Covered Termination (as defined below) prior to the first anniversary of the Effective Date, Executive hereby agrees to repay the Company the full amount of the Sign On Bonus.
3
|||
4
|||
5
|||
6
|||
7
|||
8
|||
9
|||
10
|||
11
|||
12
|||
[Signature Page Follows]
13
|||
The Parties have executed this Agreement as of the Effective Date.
GRITSTONE ONCOLOGY, INC.
By: /s/ Andrew Allen
Name: Andrew Allen
Title: President and Chief Executive Officer
EXECUTIVE
By: /s/ Vassiliki Economides
Name: Vassiliki Economides
Address:
1
|||
Exhibit A
Proprietary Information and Inventions Assignment Agreement
Omitted pursuant to Regulation S-K, Item 601(a)(5)
1
|||