Amendment to Employment Agreement Between Corixa Corporation and Executive

Contract Categories: Human Resources › Employment Agreements
Summary

Corixa Corporation and the Executive are amending their existing Employment Agreement. The changes increase the number of stock options the Executive is eligible to receive and raise the percentage of the Executive's annual discretionary cash bonus, both as specified in the original agreement. All other terms of the original agreement remain unchanged. This amendment is effective as of the date signed by both parties.

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EX-10.2 4 v02980exv10w2.txt EXHIBIT 10.2 EXHIBIT 10.2 FORM OF LETTER AGREEMENT AMENDING EMPLOYMENT AGREEMENT Corixa Corporation ("Corixa") and _____________ ("Executive"), hereby amend the Employment Agreement between Corixa and Executive, dated ______, (the "Agreement") as follows: 1) The number of option shares for which Executive is eligible under Paragraph 3(b)(i) of the Agreement is hereby increased from ____ to ____. 2) The annual discretionary cash bonus for which Executive is eligible under Paragraph 3(c) of the Agreement is hereby increased from __% of Executive's then current base salary to __% of Executive's then current base salary. Dated: ______________. ____________________________ _________________________ Corixa Corporation Executive By: _______________________ Its: _______________________