Employment Agreement Extension between EntreMed, Inc. and Dane R. Saglio (April 2007)

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, 2007, to June 30, 2008. All other terms of the original agreement remain unchanged. The extension is effective upon Mr. Saglio's signature, confirming his acceptance of the new term.

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EX-10.3 4 w33496exv10w3.htm EXHIBIT 10.3 exv10w3  

Exhibit 10.3
April 9, 2007
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 (the “Agreement”) for the period commencing July 1, 2007 through June 30, 2008.
All other terms of your Agreement remain in effect.
Please acknowledge your acceptance of the one-year extension by countersigning in the space below. This amendment to the Agreement will be effective on the date of your signature.
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 16th day of April, 2007:
         
/s/ Dane R. Saglio      
Dane R. Saglio