AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT
This Amended and Restated Executive Employment Agreement (the “Agreement”), made between Atreca, Inc. (the “Company”) and John Orwin (the “Executive”) (collectively, the “Parties”), is effective as of November 11, 2020 ( (the “Effective Date”).
WHEREAS, Executive and the Company previously entered into that certain Executive Employment Agreement, dated March 21, 2018 (the “Employment Agreement”), which has governed the terms and conditions of Executive’s employment with the Company to date;
WHEREAS, the Company desires for Executive to continue to provide services to the Company, and wishes to provide Executive with certain compensation and benefits in return for such services, as set forth in this Agreement;
WHEREAS, the Company and Executive acknowledge that Executive has served as Chief Executive Officer since on or around April 16, 2018 and Executive represents that he is not aware of any events or actions that have occurred since such date that would give rise to his resignation of employment for Good Reason (as defined and set forth below) as of the date he is executing this Agreement; and
WHEREAS, the Company and Executive desire to amend and restate the Employment Agreement such that this Agreement provides all of the terms and conditions of Executive’s continued employment with the Company as of the Effective Date; and
WHEREAS, Executive wishes to continue to be employed by the Company and to provide personal services to the Company in return for certain compensation and benefits, as set forth in this Agreement.
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereto agree that the Employment Agreement is amended, restated and superseded by this Agreement, and shall be of no further force or effect, and the Parties further agree as follows:
1. Employment by the Company.
1.1 Position. Executive shall continue to serve as the Company’s Chief Executive Officer. During the term of Executive’s employment with the Company, Executive will devote Executive’s best efforts and substantially all of Executive’s business time and attention to the business of the Company, except for approved vacation periods and reasonable periods of illness or other incapacities permitted by the Company’s general employment policies.