Exhibit 10.19
August 31, 2022
Talat Imran
VIA EMAIL
Re: Amended and Restated Employment Agreement
Dear Talat:
You are currently employed by RANI MANAGEMENT SERVICES, INC. (“RMS”) under the terms of an employment agreement between you and RMS dated June 17, 2021 (the “ RMS Agreement”). Your employment is being transitioned from RMS to Rani Therapeutics, LLC (the “Company”) effective as of September 1, 2022 (the “Transition Date”). Once you accept this employment agreement (the “Agreement”) by signing and returning it to the Company, this Agreement shall supersede and replace the RMS agreement in its entirety. This Agreement, together with the other documents and agreements referenced herein, shall then govern the terms of your employment with the Company.
appropriate in light of the Company’s needs and interests from time to time.
2051 Ringwood Ave San Jose, CA 95131 Phone: (408) 457-3700 Fax: (408) 433-5440 Web: www.ranitherapeutics.com
(g) Expenses. The Company will reimburse you for reasonable travel, entertainment or other expenses incurred by you in furtherance of or in connection with the performance of your duties hereunder, in accordance with the Company’s expense reimbursement policies and practices as in effect from time to time.
exempt from Section 409A, the following rules shall apply: (i) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during any one of your taxable years shall not affect the expenses eligible for reimbursement, or in-kind benefit to be provided in any other taxable year, (ii) in the case of any reimbursements of eligible expenses, reimbursement shall be made on or before the last day of your taxable year following the taxable year in which the expense was incurred, (iii) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit.
2051 Ringwood Ave San Jose, CA 95131 Phone: (408) 457-3700 Fax: (408) 433-5440 Web: www.ranitherapeutics.com
enforcement, breach, performance, or interpretation of this Agreement, your employment with the Company, or the termination of your employment, shall be resolved pursuant to the Federal Arbitration Act, 9 U.S.C. § 1-16, to the fullest extent permitted by law, by final, binding and confidential arbitration conducted by JAMS, Inc. or its successor (“JAMS”), under JAMS’ then applicable rules and procedures for employment disputes before a single arbitrator (available upon request and also currently available at http://www.jamsadr.com/rules-employment- arbitration/). You acknowledge that by agreeing to this arbitration procedure, both you and the Company waive the right to resolve any such dispute through a trial by jury or judge or administrative proceeding.
2051 Ringwood Ave San Jose, CA 95131 Phone: (408) 457-3700 Fax: (408) 433-5440 Web: www.ranitherapeutics.com
Please sign and date this Agreement and return a signed copy to me on or before September 1, 2022, to confirm your acceptance of this Agreement.
RANI Therapeutics, LLC |
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/s/ Svai Sanford |
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Svai Sanford |
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Chief Financial Officer |
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Accepted and Agreed: |
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| August 31, 2022 |
/s/ Talat Imran |
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Talat Imran |
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2051 Ringwood Ave San Jose, CA 95131 Phone: (408) 457-3700 Fax: (408) 433-5440 Web: www.ranitherapeutics.com