Amendment to December 19, 2005 Employment Agreement, dated August 13, 2019, by and between the Registrant and David Lawrence

Contract Categories: Human Resources - Employment Agreements
EX-10.1 2 acor-ex101_75.htm EX-10.1 acor-ex101_75.htm


August 13, 2019


Mr. David Lawrence

29 Meadow Ridge Road

Warwick, NY  10990


Re: Amendment to December 19, 2005 Employment Agreement


Dear Dave:


This letter serves as an amendment to your employment agreement with Acorda Therapeutics, Inc. dated December 19, 2005, as previously amended (the "Agreement"), in accordance with paragraph 8(b) of the Agreement. Specifically, in exchange for your continuing to provide services to the Company, the Agreement is amended as follows, effective as of the date written above:  Section 5(c)(iv) of the Agreement is amended and restated in its entirety to read as follows:


“(iv)To the extent that the last two sentences of Section 4 do not apply and/or your Options, SARs and Restricted or other Stock Awards have not fully vested under Section 4 or otherwise at the time of the termination of your employment, all of the unvested Options, SARs and Restricted or other Stock Awards granted to you hereunder or under any other agreement shall become immediately and fully vested (and, with respect to Restricted Stock Awards, have the restrictions removed) as of the termination date, and all vested Options shall remain exercisable for 18 months following such date, provided that no Options or SAR will be exercisable after the earlier of the latest date upon which the award could have expired by its original terms under any circumstances (as determined under section 409A of the Code) or the 10th anniversary of the original date of grant.”


Except as provided for in this letter, the Agreement remains in full force and effect.  If the amendment specified above is acceptable to you, please sign this letter where indicated below.



Very truly yours,


Acorda Therapeutics, Inc.



By: /s/ Ron Cohen

Name: Ron Cohen

Title:   President & CEO

Agreed to and accepted:


/s/ David Lawrence

David Lawrence


Date: 8/13/19