Employment Agreement and Amendment between BioAtla LLC and Dr. Jay M. Short

Contract Categories: Human Resources › Employment Agreements
Summary

This agreement outlines the employment terms for Dr. Jay M. Short as Chairman and CEO of BioAtla LLC, starting April 2, 2007, with a base salary of $250,000 per year, paid twice monthly, and eligibility for all company benefits. An amendment reduces Dr. Short's salary to one third from October 1, 2011, to July 31, 2013, after which his full salary resumes with a 4% annual cost-of-living adjustment. The agreement also limits future salary increases to the average raise given to other employees, subject to Dr. Short's approval.

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EX-10.11 14 d258427dex1011.htm EX-10.11 EX-10.11

Exhibit 10.11

Short Employment Letter Agreement

This letter agreement (“Agreement”) memorializes a verbal agreement discussed as noted between the members of BioAtla LLC (“BioAtla”), a Delaware company, and Dr. Jay M. Short (“Dr. Short”), it’s Chairman and Chief Executive Officer.

 

  1.

For his roll as Chairman & Chief Executive Officer of BioAtla, beginning April 2nd, 2007, Dr. Jay M. Short, shall be paid a starting annual base salary of $250,000 (paid twice monthly);

 

  2.

Salary shall be paid through BioAtla payroll.

 

  3.

Dr. Short shall receive all company benefits available to employees including, but not limited to, health and dental insurance, vision coverage, vacations, and bonuses.

 

  4.

Beginning in January 1st, 2008, Dr. Short, subject to his approval on an annual basis, voluntarily limited his salary increase to the average raise given to the employees of the company.

Carolyn Anderson

Managing Member

BioAtla

Letter Amendment

Short Employment

October 1st, 2011

This letter amendment (“Amendment”) memorializes an agreement by Dr. Jay M. Short (“Dr. Short”), Chairman and Chief Executive Officer of BioAtla LLC to modify his BioAtla annual salary (“Salary”). From October 1st, 2011 to July 31st, 2013, Dr. Short’s Salary shall to one third of his existing salary. His salary shall resume August 1st, 2013 at the normal rate (rate includes a 4% annual COLA).

 

/s/ Carolyn Anderson

Carolyn Anderson

Managing Member

BioAtla