Amendment to Employment Letter Agreement between Cerus Corporation and William (Obi) Greenman (April 17, 2018)
Cerus Corporation and William (Obi) Greenman have agreed to amend Greenman's existing Employment Letter Agreement. The amendment ensures that any accelerated vesting benefits upon employment termination will now apply to all of Greenman's outstanding equity awards, not just stock options. This means that, if eligible, all unvested shares from any equity awards will become fully vested and exercisable as of the termination date. The amendment is effective upon Greenman's acceptance and signature.
Exhibit 10.1
April 17, 2018
William (Obi) Greenman
c/o Cerus Corporation
2550 Stanwell Drive
Concord, CA 94520
Dear Obi,
The purpose of this letter is to amend the terms of your Employment Letter Agreement with Cerus Corporation dated May 12, 2011 (as amended on December 5, 2012, the “Agreement”) to provide that any acceleration of vesting benefit to which you are entitled pursuant to the Agreement shall apply to all equity awards then held by you and not solely to your stock options.
Specifically, the language that provides for accelerated vesting shall be revised to read as follows:
“accelerated vesting of any unvested shares subject to any outstanding equity awards such that all shares subject to your equity awards will be fully vested (and immediately exercisable, as applicable) effective as of the employment termination date.”
Please sign below to indicate your acceptance of this amendment of the Agreement.
Sincerely,
/s/ Chrystal Menard
Chrystal Menard
Chief Legal Officer and General Counsel
Approved and Accepted
/s/ William M. Greenman________
William (Obi) Greenman
Date April 17, 2018_____________
