Celladon Corporation Executive Retention Program Summary (April 2015, as Amended)

Contract Categories: Human Resources › Retention Agreements
Summary

Celladon Corporation established a retention program for certain current and former executive officers. Under this program, eligible executives will receive a lump sum payment equal to 50% of their base salary if they remain employed with Celladon until December 31, 2015, or if they are terminated without cause before that date. The agreement lists the specific executives and the amounts they are eligible to receive. The program aims to encourage key executives to stay with the company through the end of 2015.

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EX-10.1 2 d937948dex101.htm EX-10.1 EX-10.1

Exhibit 10.1

CELLADON CORPORATION

SUMMARY OF RETENTION PROGRAM

Adopted April 26, 2015

Amended on May 13, 2015

Pursuant to Celladon Corporation’s retention program, the executives officers and former executive officers listed below will be eligible to receive, or have received, a lump sum retention payment equal to 50% of his or her base salary upon such individual remaining employed by Celladon until December 31, 2015, or such individual’s earlier termination without cause prior to such date:

 

Executive Officer

    Retention Payment
Current:     

Andrew Jackson

      $ 110,000  

Rebecque Laba

      $ 141,934  

Elizabeth Reed

      $ 140,250  

Fred Wiklund

      $ 125,712  
Former:     

Jeff Rudy*

      $ 143,312  

Ryan Takeya*

      $ 120,328  

 

*  Terminated without cause.