Artiva Biotherapeutics, Inc. Chief Medical Officer Employment Offer Letter to Subhashis Banerjee
Artiva Biotherapeutics, Inc. offers Subhashis Banerjee the position of Chief Medical Officer, starting April 8, 2025, contingent on board approval and a background check. The agreement outlines a $480,000 annual salary, eligibility for benefits, a signing bonus, annual bonus potential, and equity awards. Banerjee must comply with confidentiality obligations and company policies. The signing bonus is subject to repayment if employment ends within two years. The agreement also allows limited transitional work for his former employer, provided it does not conflict with his new role.
March 31, 2025
Subhashis Banerjee Private & Confidential
Dear Subhashis,
On behalf of Artiva Biotherapeutics, Inc. (the “Company”), I am pleased to offer you employment under the terms set forth in this offer letter agreement (this “Agreement”). These employment terms will be effective as of your start date, which will be on April 8, 2025 (the “Start Date”). This offer is contingent upon approval by the Company’s Board of Directors (the “Board”) and upon your successful completion of a background check to the satisfaction of the Company. This offer letter supersedes the original offer letter dated March 24, 2025.
1
2
3
4
5
6
7
Any such arbitration proceeding will be governed by JAMS’ then applicable rules and procedures for employment disputes, which will be provided to you upon request and also currently available at http://www.jamsadr.com/rules-employment-arbitration/. In any such proceeding, the arbitrator shall (a) have the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise be permitted by law; and (b) issue a written arbitration decision including the arbitrator’s essential findings and conclusions and a statement of the award. You and the Company shall be entitled to all rights and remedies that would be entitled to pursue in a court of law. Nothing in this Agreement is intended to prevent either the Company or you from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration pursuant to applicable law. You and the Company both have the right to be represented by legal counsel at any arbitration proceeding, at each party’s own
8
expense. The Company shall pay all filing fees in excess of those which would be required if the dispute were decided in a court of law and shall pay the arbitrator’s fees and any other fees or costs unique to arbitration. Any awards or orders in such arbitrations may be entered and enforced as judgments in the federal and state courts of any competent jurisdiction.
This offer is subject to satisfactory proof of your identity and right to work in the United States and other applicable pre-employment screenings. To confirm your terms of employment, please sign and date this Agreement and the Confidentiality Agreement and return the fully signed documents to Jennifer Bush at ***@***. Please let me know if you have any questions.
Sincerely,
Artiva Biotherapeutics, Inc.
By: _/s/ Fred Aslan, MD________
Fred Aslan, MD
Chief Executive Officer
Reviewed, Understood, and Accepted:
/s/ Subhashis Banerjee, MD __March 31, 2025_____________________________
Subhashis Banerjee, MD Date
9