Amendment to Employment Letter Agreement between Cerus Corporation and Kevin D. Green (April 17, 2018)
This amendment updates Kevin D. Green's Employment Letter Agreement with Cerus Corporation, originally dated May 1, 2009. The change ensures that any accelerated vesting benefits upon employment termination will now apply to all of Mr. Green's equity awards, not just stock options. As a result, all unvested shares from any outstanding equity awards will become fully vested and, if applicable, immediately exercisable as of the termination date. Both parties have agreed to this amendment by signing the letter.
Exhibit 10.2
April 17, 2018
Kevin D. Green
c/o Cerus Corporation
2550 Stanwell Drive
Concord, CA 94520
Dear Kevin,
The purpose of this letter is to amend the terms of your Employment Letter Agreement with Cerus Corporation dated May 1, 2009 (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/ Kevin D. Green________
Kevin D. Green
Date 4/17/18_____________
