Isolagen, Inc.
Exhibit 10.2
Isolagen, Inc.
102 Pickering Way
Exton, PA 19341
April 6, 2005
Mr. Todd Greenspan
Re: Offer of Employment
Dear Mr. Greenspan:
On behalf of Isolagen, Inc., I am pleased to offer you the position of Director of Finance, Corporate Controller. The terms of this employment offer are as follows:
| Salary |
| $145,000 per annum |
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| Title |
| Director of Finance, Corporate Controller |
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| Benefits |
| You will be eligible for the Company sponsored employee benefits described in the Employee Handbook. |
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| Responsibilities |
| Report to Martin E. Schmieg, Senior Vice President and Chief Financial Officer |
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| Stock Options |
| 50,000 executive stock options of Isolagen, Inc. at $4.45 per share (stock price as of close of Start Date) in which one-third of the shares vest on the first year anniversary of your start date, one-third of the shares vest on the second anniversary of your start date, and one-third of the shares vest on the third anniversary of your start date. |
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| Target Bonus |
| 30% |
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| Vacation |
| You will be entitled to three weeks vacation |
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| Start Date |
| Starting on or before May 4, 2005 |
This offer of employment is conditioned upon the Company’s receipt of a complete background review and Directors and Officers Questionnaire, the results of which are acceptable to the Company. In addition, your employment will be subject to the terms of the Company’s Employee Handbook and the Company’s Proprietary Information and Inventions Assignment Agreement.
| Sincerely, | |
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| Martin E. Schmieg | |
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| ACCEPTED: | |
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| Todd J. Greenspan | |
