Addendum to Employment Agreement between Elizabeth A. Whayland and CuraGen Corporation (February 1, 2005)

Contract Categories: Human Resources › Employment Agreements
Summary

This addendum updates the employment agreement between Elizabeth A. Whayland and CuraGen Corporation. Effective February 1, 2005, Ms. Whayland's base salary is increased to $187,000 per year, as approved by the company's Compensation Committee. All other terms of the original agreement, except those changed in a previous addendum, remain unchanged.

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EX-10.50 5 dex1050.htm ADDENDUM DATED FEBRUARY 1, 2005, ELIZABETH A. WHAYLAND Addendum dated February 1, 2005, Elizabeth A. Whayland

Exhibit 10.50

Interoffice Memorandum

 

To:

    Personnel File

From:

    Elizabeth A. Whayland, VP of Finance & Corporate Secretary

Date:

    February 1, 2005

Re:

    Amendment to Employment Agreement dated May 20, 2002

I, Elizabeth A. Whayland, (“the Executive”) signed an Employment Agreement (“the Agreement”) with my employer, CuraGen Corporation (“the Company”), on or about May 20, 2002, and subsequently signed an Addendum to the Agreement on October 31, 2003. Exhibit A, Item 1) of the original Agreement provides that the Executive’s initial base salary shall be subject to increases by the Board of Directors, which shall review the salary periodically. Therefore, pursuant to the minutes of the January 25, 2005, Meeting of the Compensation Committee of the Board of Directors, the Executive’s 2005 base salary will be adjusted to $187,000 per year, payable in bi-weekly installments.

Unless explicitly changed in the Addendum dated October 31, 2003, all other terms of the original Agreement shall remain in full force and effect.

 

/s/ Elizabeth A. Whayland

Elizabeth A. Whayland

/s/ Jonathan M. Rothberg

Jonathan M. Rothberg