Allurion Technologies, Inc. Conditional Offer of Employment Letter to Ojas Buch (Chief Operating Officer)
Allurion Technologies, Inc. offers Ojas Buch the position of Chief Operating Officer, starting June 3, 2024, in Natick, Massachusetts. The offer includes a $400,000 annual salary, a target bonus, relocation reimbursement, stock options, severance benefits, and participation in company benefit plans. Employment is at-will and contingent on work eligibility, signing required agreements, and a satisfactory background check. The agreement also requires arbitration for disputes and supersedes prior offers. Ojas Buch must sign to accept the offer and related terms.
Exhibit 10.7
17 May 2024
Mr. Ojas Buch
[***]
Re: Conditional Offer of Employment with Allurion Technologies, Inc.
Dear Ojas,
It is with great pleasure that we offer you the position of Chief Operating Officer with Allurion Technologies, Inc. (the “Company”). You will be reporting to Shantanu Gaur, CEO & Founder, and your anticipated start date is Monday, 3 June 2024. You will work in our Natick, Massachusetts office. The Company may change your position and/or duties from time to time in its discretion.
The Company offers the following compensation and benefits:
Please note that this offer is contingent upon the following: (1) your providing the Company with documentation establishing your eligibility to work in the United States as required by U.S. Federal law; (2) your execution of the Company’s Nondisclosure, Intellectual Property, and Non-Solicitation Agreement and Arbitration Agreement (discussed
below), and (3) a background check satisfactory to the Company.
Your employment with the Company will be for no specific period of time. Rather, your employment is “at will,” meaning that either you or the Company may end your employment at any time for any reason, with or without notice.
The Company has a policy of arbitration for settlement of any dispute between employees or former employees and the Company. The Company’s Arbitration Agreement must be signed by you no later than your start date of employment, as noted above.
This offer letter, together with the Company’s Nondisclosure, Intellectual Property, and Non-Solicitation Agreement, Arbitration Agreement, and Severance Agreement, contain the entire understanding of the parties, and supersede any other agreements or promises made to you by anyone, whether oral or written, with respect to the subject matters hereof and thereof. Changes in your employment terms, other than those changes expressly reserved to the Company’s discretion in this offer letter, require a written modification signed by an officer of the Company.
This is an exciting time for Allurion, and we look forward to having you as part of our team! If you accept the above conditional offer of employment, please sign below.
Sincerely,
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| /s/ Matt Wright |
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| Matt Wright |
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| VP of People, Talent, Learning & Culture |
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Accepted:
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| /s/ Ojas Buch |
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| Ojas Buch |
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