Amendment to Employment Agreement between Arno Therapeutics, Inc. and Stefan Proniuk (Non-Solicitation)

Contract Categories: Human Resources › Non-Competition Agreements
Summary

This agreement is between Arno Therapeutics, Inc. and Stefan Proniuk. It amends a previous employment letter, confirming that during his employment and for one year after, Stefan Proniuk will not solicit the company's employees to leave or seek business from its customers for competing products or services, unless he has written consent. However, he is allowed to work with or solicit business from clinical trial vendors and related parties. The agreement is effective upon signature and clarifies the scope of non-solicitation obligations.

Read More Arrow
EX-10.12 3 v332473_ex10-12.htm EXHIBIT 10.12

Exhibit 10.12

 

Arno Therapeutics, Inc.

4 Campus Drive, Second Floor

Parsippany, New Jersey 07054

 

August 19, 2010

 

Stefan Proniuk

[ADDRESS]

 

Dear Stefan:

 

This shall confirm our recent discussions with respect to certain terms of your employment with Arno Therapeutics, Inc. (the “Company”).  In particular, you hereby confirm that during the term of your employment with the Company, and for a period of one year thereafter, you will not, directly or indirectly, without the Company’s prior written consent:

 

  (i) solicit or induce any employee of the Company or any of its subsidiaries to leave the employ of the Company or such subsidiaries; or

 

  (ii) solicit the business of any customer of the Company or any of its subsidiaries with respect to products or services similar to and competitive with those provided or supplied by the Company or any of its subsidiaries.

 

Notwithstanding paragraph (ii) above, nothing contained herein shall restrict your ability to work with or solicit the business of any of the numerous clinical trial centers and CROs, clinical study sites, laboratories, investigators, consultants, or other clinical trial vendors that perform services for the Company.

 

This letter shall serve as an amendment to that certain letter agreement between you and the Company dated January 31, 2008.

 

Please confirm your agreement with the foregoing by signing in the space below and returning a fully-executed copy of this letter to me.  We appreciate your efforts and contributions to the Company.

 

  Arno Therapeutics, Inc.
   
  /s/ David M. Tanen  
  David M. Tanen  
  President  
   
Acknowledged and agreed to  
this 22nd day of August, 2010:  
   
/s/ Stefan Proniuk    
Stefan Proniuk