Addendum and Assignment of Swiss Employment Contract between Aart Brouwer and Celgene Management Sàrl
This addendum clarifies the timing and terms of Aart Brouwer's Swiss employment contract with Celgene Management Sàrl. The contract is effective November 1, 2008, but cash compensation terms start January 1, 2009, reflecting his new role as Senior Advisor and Chairman, International. The 2009 stock option grant becomes effective in April 2009. Additionally, Aart Brouwer agrees to the assignment of his employment contract from Celgene International Sàrl to Celgene Management Sàrl as of November 1, 2008.
EXHIBIT 10.55
ADDENDUM
This addendum sets forth the timing of the terms of the Swiss employment contract between Aart Brouwer and Celgene Management Sàrl.
While the effective date of the contract is November 1, 2008, to ensure continuous service under Swiss law, the cash compensation terms outlined will be effective January 1, 2009, commensurate with your change in responsibility and appointment to Senior Advisor to the Chairman & CEO and Chairman, International.
In accordance with this, your 2009 stock option grant is effective in April, 2009 when the 2009 stock option cycle begins.
/s/ Aart Brouwer | /s/ Sol J. Barer | |
| A. BROUWER | S. BARER |
ADDENDUM SUPPLEMENT
I hereby agree that Celgene International Sarl assigns and transfers my employment contract to Celgene Management Sarl effective as of the date of the new contract 11/1/08.
/s/ Aart Brouwer | 17 Feb 09 | |
| Aart Brouwer | Date |
