Employment Agreement Extension between EntreMed, Inc. and Dane R. Saglio

Contract Categories: Human Resources › Employment Agreements
Summary

EntreMed, Inc. and its Chief Financial Officer, Dane R. Saglio, have agreed to extend Mr. Saglio's Employment Agreement for one year, from July 1, 2006, to June 30, 2007. All other terms of the original agreement remain unchanged. The extension is confirmed by both parties' signatures.

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EX-10.1 2 w22586exv10w1.htm EXHIBIT 10.1 exv10w1  

Exhibit 10.1
ENTREMED, INC.
9640 Medical Center Drive
Rockville, MD 20850
Tel (240)  ###-###-####
(240)  ###-###-#### Direct
Fax (240)  ###-###-####
June 21, 2006
Mr. Dane Saglio
Chief Financial Officer
EntreMed, Inc.
9640 Medical Center Drive
Rockville, MD 20850
Dear Dane,
The Compensation Committee has approved a one-year extension of your Employment Agreement for the period commencing July 1, 2006 through June 30, 2007. All other terms of your Employment Agreement remain in effect.
Please acknowledge your acceptance of the one-year extension by countersigning in the space below.
I look forward to continuing working with you.
Sincerely,
\s\ James S. Burns
James S. Burns
President & CEO
Agreed to and Accepted as
of the 21st day of June, 2006:
\s\ Dane R. Saglio
 
Dane R. Saglio