(d) Unpaid 2020 Bonus. In the event that you would be entitled to receive a cash bonus from your current employer for your 2020 service to your current employer, but are deemed ineligible to receive payout of your full earned 2020 bonus from your current employer due to your resignation from your current employer in order to commence employment with the Company prior to the bonus payout, the Company agrees to cover the amount of such unpaid and earned 2020 bonus, up to a cap of $135,000 (the 2020 Bonus Payout), subject to your commencement of employment with the Company pursuant to the terms of this Offer Letter. Subject to your commencement of employment with the Company, the 2020 Bonus Payout, less standard payroll deductions and withholdings, shall be paid to you within thirty (30) days of the Companys receipt of written notice that your current employer has approved bonus payouts for 2020 but has refused to pay out the full amount of your earned 2020 bonus in light of your resignation to join the Company.
(e) Employee Benefits. As a regular full-time employee, you will be eligible to participate in the Companys standard employee benefits (pursuant to the terms and conditions of the benefit plans and applicable policies), as they may be terminated or changed from time to time within the Companys discretion.
(f) Business Expenses. Your legitimate and documented business expenses will be reimbursed by the Company, as provided under our business expense reimbursement policies.
3. Compliance with Confidentiality Agreement and Company Policies. As a condition of employment, you shall sign and comply with the Companys standard form of Employee Confidential Information and Invention Assignment Agreement (the Confidentiality Agreement). The Confidentiality Agreement shall be deemed fully incorporated into this Agreement by reference.
4. Protection of Third-Party Information and Outside Activities.
(a) Third Party Information. In your work for the Company, you will be expected not to make any unauthorized use or disclosure of any confidential information or materials, including trade secrets, of any former employer or other third party; and not to violate any lawful agreement that you may have with any third party. By signing this Agreement, you represent that you are able to perform your job duties within these guidelines, and you are not in unauthorized possession or control of any confidential documents, information, or other property of any former employer. In addition, you represent that you have disclosed to the Company in writing any agreement you may have with any third party (e.g., a former employer) that may limit your ability to perform your duties to the Company or that could present a conflict of interest with the Company, including but not limited to disclosure (and a copy) of any contractual restrictions on solicitations or competitive activities.
(b) Outside Activities. During your employment by the Company, you may engage in civic and not-for-profit activities so long as such activities do not interfere with the performance of your duties hereunder or present a conflict of interest with the Company or its Affiliates. Subject to the restrictions set forth herein, and only with prior written disclosure to and written consent of the Board, you may engage in other types of business or public activities, including board service. The Board may withdraw such consent, if the Board determines, in its sole discretion, that such activities compromise or threaten to compromise the business interests of the Company or its Affiliates or conflict with your duties to the Company. The Board understands and consents to your current service on the Boards of Directors of Adavium Medical, Inc. and at Cytrellis Biosystems, Inc.
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|Artiva Biotherapeutics, Inc. | 4747 Executive Drive, Suite 1150, San Diego CA || ||// 3|