Addendum to Employment Agreement Between Jonathan M. Rothberg and CuraGen Corporation (2005)
This addendum amends the employment agreement between Jonathan M. Rothberg and CuraGen Corporation, originally signed on April 1, 2002, and previously amended on October 31, 2003. The main change is an increase in Rothberg's 2005 base salary to $420,000 per year, to be paid bi-weekly, as approved by the Board's Compensation Committee. All other terms of the original agreement remain unchanged unless specifically modified by the prior addendum.
Exhibit 10.1
Confidential
Interoffice Memorandum
| To: | Personnel File | |
| From: | Jonathan M. Rothberg, Chairman of the Board, CEO and President | |
| Date: | February 1, 2005 | |
| Re: | Amendment to Employment Agreement dated April 1, 2002 | |
I, Jonathan M. Rothberg, (“the Executive”) signed an Employment Agreement (“the Agreement”) with my employer, CuraGen Corporation (“the Company”), on or about April 1, 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 $420,000 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/ Jonathan M. Rothberg |
| Jonathan M. Rothberg |
| /s/ Robert E. Patricelli |
| Robert E. Patricelli |
