Director Nomination and Withdrawal Agreement between Alkermes plc and Sarissa Capital Offshore Master Fund LP
Alkermes plc and Sarissa Capital Offshore Master Fund LP have agreed that Sarissa Capital can nominate one director to Alkermes' board from a list of candidates chosen by Sarissa Capital. This nomination right is valid from October 30, 2021, to February 28, 2022. In return, Sarissa Capital has withdrawn its previous nomination of a director for Alkermes' 2021 annual shareholder meeting.
Exhibit 10.2
Summary of Agreement
On April 29, 2021, Alkermes plc (the “Company”) and Sarissa Capital Offshore Master Fund LP (together with its affiliates and associates, “Sarissa Capital”) reached an agreement pursuant to which the Company has granted Sarissa Capital a right to designate one director for appointment to the Company’s board of directors (the “Board”) from a predetermined list of candidates identified by Sarissa Capital. This right is exercisable between October 30, 2021 and February 28, 2022. In connection with this agreement, Sarissa Capital withdrew its notice to the Company, dated as of December 4, 2020, nominating a director candidate for election to the Board at the Company’s 2021 annual general meeting of shareholders.
