The Company previously granted you various equity interests in the Original Offer Letter, which shall continue to be governed in all respects by the terms of the Companys 2017 Equity Incentive Plan (the Plan) and the applicable equity agreements. You will remain eligible to receive future stock option grants as the Board shall deem appropriate.
You will also be eligible for severance under, and subject to the terms of, the Companys Severance Benefit Plan and your participation agreement thereunder which will contain your specific severance opportunity.
As a Company employee, you must continue to comply with Company policies and procedures, as well as the Proprietary Information and Inventions Agreement (Confidential Information Agreement), signed by you on March 24, 2017, which (among other provisions) prohibits any unauthorized use or disclosure of Company proprietary, confidential or trade secret information.
Your employment relationship with the Company will remain at-will. You may terminate your employment with the Company at any time and for any reason whatsoever simply by notifying the Company. Likewise, the Company may terminate your employment at any time, with or without cause or advance notice. Your employment at-will status can only be changed in a written agreement signed by you and an authorized representative of the Company.
To ensure the rapid and economical resolution of disputes that may arise in connection with your employment with the Company, you and the Company agree that any and all disputes, claims, or causes of action, in law or equity, including but not limited to statutory claims, arising from or relating to the enforcement, breach, performance, or interpretation of this letter agreement, your employment with the Company, or the termination of your employment from the Company, will be resolved pursuant to the Federal Arbitration Act, 9 U.S.C. §1-16, and to the fullest extent permitted by law, by final, binding and confidential arbitration conducted in San Diego, California by JAMS, Inc. (JAMS) or its successors before a single arbitrator, under JAMS then-applicable rules and procedures for employment disputes (which can be found at http://www.jamsadr.com/rules-clauses/, and which will be provided to you on request); provided that the arbitrator shall: (a) have the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise be permitted by law; and (b) issue a written arbitration decision including the arbitrators essential findings and conclusions and a statement of the award. You and the Company shall be entitled to all rights and remedies that either would be entitled to pursue in a court of law, provided, however, that in no event shall the arbitrator be empowered to hear or determine any class or collective claim of any type. Both you and the Company acknowledge that by agreeing to this arbitration procedure, you each waive the right to resolve any such dispute through a trial by jury or judge or administrative proceeding. The Company shall pay all filing fees in excess of those which would be required if the dispute were decided in a court of law, and shall pay the arbitrators fee. Nothing in this letter agreement is intended to prevent either the Company or you from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration.
This Letter Agreement, together with your Confidential Information Agreement, the Companys Severance Benefit Plan, and any applicable stock agreements, will form the complete and exclusive statement of your employment agreement with the Company. The terms in this Letter Agreement supersede any other agreements, promises or representations made to you by anyone,