Exhibit 10.24
EMPLOYMENT AGREEMENT
EMPLOYMENT AGREEMENT (this “Agreement”) dated as of February 1, 2023 (the “Effective Date”) by and between Rallybio, LLC, a Delaware limited liability company (the “Company”), and Jonathan Lieber (the “Executive”).
W I T N E S S E T H:
WHEREAS, the Company desires to employ the Executive as the Chief Financial Officer and Treasurer of the Company; and
WHEREAS, the Company and the Executive desire to enter into this Agreement as to the terms of the Executive’s employment with the Company.
NOW, THEREFORE, in consideration of the foregoing, of the mutual promises contained herein and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
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Payments and benefits provided in this Section 7(c) shall be in lieu of any termination or severance payments or benefits for which the Executive may be eligible under any of the plans, policies or programs of the Company or applicable law (including the Worker Adjustment Retraining Notification Act of 1988 or any similar state statute or regulation).
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Payments and benefits provided in this Section 7(d) shall be in lieu of any termination or severance payments or benefits for which the Executive may be eligible under any of the plans, policies or programs of the Company or applicable law (including the Worker Adjustment Retraining Notification Act of 1988 or any similar state statute or regulation).
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If to the Executive:
At the address (or to the facsimile number or email address)
shown in the books and records of the Company.
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If to the Company:
Rallybio, LLC
234 Church Street
Suite 1020
New Haven, CT 06510
Attention: Michael Greco
Email: mgreco@rallybio.com
or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.
| RALLYBIO, LLC | ||
| By: | /s/ Martin Mackay |
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| Name: | Martin W. Mackay, Ph.D. | |
| Title: | Chief Executive Officer | |
| /s/ Jonathan Lieber |
| |
| Jonathan Lieber |
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Schedule A
Salarius Pharmaceuticals (Nasdaq: SLRX) – service as a member of the Board of Directors and its committees
[Schedule A to Employment Agreement]