Change in Control Agreement between the Company and Dr. David G. Bakken

Contract Categories: Human Resources › Change of Control Agreements
Summary

This agreement is between the Company and Dr. David G. Bakken, who was appointed as an executive officer on April 30, 2008. It outlines the terms that apply if there is a change in control of the Company, such as protections or benefits for Dr. Bakken. The agreement uses the same form as those previously provided to other executive officers. Key terms and conditions are incorporated by reference from an earlier filing.

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EX-10.5 5 l31475aexv10w5.htm EX-10.5 EX-10.5  

EXHIBIT 10.5
CHANGE IN CONTROL AGREEMENT
     On April 30, 2008, the Compensation Committee approved the Company’s entry into a Change in Control Agreement with Dr. David G. Bakken who was appointed on April 30, 2008 by the Board of Directors as an executive officer of the Company.
     The form of Change in Control Agreement with Dr. Bakken is the form previously used by the Company in connection with other executive officers, and was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed May 31, 2005 and incorporated herein by reference.