Separation and Transition Agreement between Elevation Oncology, Inc. and Valerie Malyvanh Jansen
This agreement outlines the terms of Dr. Valerie Malyvanh Jansen’s separation from Elevation Oncology, Inc., effective March 31, 2025. Dr. Jansen will receive severance pay, COBRA health benefits, and accelerated vesting of certain equity awards in exchange for a general release of claims and other commitments. She will also have the opportunity to serve as a consultant under a separate agreement. The agreement requires Dr. Jansen to return all company property and continue to honor confidentiality and non-competition obligations. These benefits are contingent on her signing and not revoking the agreement.
Exhibit 10.1
Certain identified information has been excluded from this exhibit because such information both (i) is not material and (ii) would likely cause competitive harm if publicly disclosed.
March 20, 2025
Valerie Malyvanh Jansen
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Re: | Terms of Transition and Separation |
Dear Dr. Jansen:
This letter confirms the agreement (“Agreement”) between you and Elevation Oncology, Inc. (the “Company”) concerning the terms of your separation and offers you the separation compensation below in exchange for a general release of claims, covenant not to sue and other promises herein. If you choose to enter into this Agreement, please sign below no earlier than the Separation Date (as defined below), and in all events no later than the expiration date of the Consideration Period (as defined below).
By signing below, you acknowledge that you are receiving the separation compensation outlined in this section in consideration for waiving your rights to claims referred to in this Agreement and that you would not otherwise be entitled to the separation compensation. Moreover, you expressly acknowledge that the separation compensation fully satisfies any and all severance obligations the Company may have to you pursuant to the Severance Agreement or otherwise.
If you agree to abide by the terms outlined in this Agreement, please sign this and return it to me. I wish you the best in your future endeavors.
Sincerely,
Elevation Oncology, Inc.
By: /s/ Joseph J. Ferra, Jr.
Name: Joseph J. Ferra, Jr.
Title: President and Chief Executive Officer
READ, UNDERSTOOD AND AGREED
/s/ Valerie Malyvanh Jansen Date: 3/31/2025
Valerie Malyvanh Jansen
EXHIBIT A
CONSULTING AGREEMENT
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EXHIBIT B
NON-COMPETITION AND NON-SOLICITATION AGREEMENT
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