Separation and Release Agreement between Dyne Therapeutics, Inc. and Richard Scalzo
This agreement outlines the terms of Richard Scalzo's separation from Dyne Therapeutics, Inc., effective March 31, 2025. If Mr. Scalzo signs and does not revoke the agreement by the specified deadlines, he will receive severance pay equal to nine months of salary and continued health insurance premium support for up to nine months, subject to certain conditions. In exchange, he releases the company from any legal claims related to his employment or separation. The agreement also requires the return of company property and continued compliance with prior confidentiality and non-compete obligations.
Exhibit 10.4
VIA ELECTRONIC MAIL
March 27, 2025
Richard Scalzo
[***]
Dear Richard:
As we discussed, your employment with Dyne Therapeutics, Inc. (the “Company”) will end effective March 31, 2025 (the “Separation Date”). As we also discussed, you will be eligible to receive the severance benefits described in paragraph 1 below if you sign and return this letter agreement to me by April 4, 2025 (the “Return Date”), but no earlier than the Separation Date and do not revoke your acceptance (as described below). By timely signing and returning this letter agreement and not revoking your acceptance, you will be entering into a binding agreement with the Company and will be agreeing to the terms and conditions set forth in the numbered paragraphs below, including the release of claims set forth in paragraph 2. Therefore, you are advised to consult with an attorney before signing this letter agreement and you have been given at least five (5) business days to do so. If you sign this letter agreement, you may change your mind and revoke your acceptance during the seven (7) business day period after you have signed it (the “Revocation Period”) by notifying me in writing. If you do not so revoke, this letter agreement will become a binding agreement between you and the Company upon the expiration of the Revocation Period.
Although your receipt of the severance benefits is expressly conditioned on your timely entering into this letter agreement, the following will apply regardless of whether or not you do so:
If you elect to timely sign and return this letter agreement and do not revoke your acceptance within the Revocation Period, the following terms and conditions will also apply:
You will not be eligible for, nor shall you have a right to receive, any payments or benefits from the Company following the Separation Date other than as set forth in this letter agreement or as provided in the Consulting Agreement.
If you have any questions about the matters covered in this letter agreement, please call me.
Very truly yours,
By: /s/ John Cox
John Cox
Chief Executive Officer
I hereby agree to the terms and conditions set forth above. I understand that my receipt of the severance benefits described in paragraph 2 above is conditioned upon my timely execution, return and non-revocation of the agreement.
/s/ Richard Scalzo Richard Scalzo | 4/3/2025 Date |
To be returned in a timely manner as set forth on the first page of this letter agreement.