Promotion Letter Agreement between Orchestra BioMed and George Papandreou (Senior Vice President & General Manager Focal Therapies)
Orchestra BioMed has promoted George Papandreou to Senior Vice President & General Manager Focal Therapies, effective January 16, 2023, at its New Hope office. In this new role, George will report to the President and COO, Darren Sherman, and receive an annual salary of $325,000, paid semi-monthly, with standard tax deductions. All other employment benefits remain unchanged. The agreement is acknowledged and accepted by George Papandreou.
Exhibit 10.31
January 16, 2023
George Papandreou
[Omitted pursuant to Item 601(a)(6)]
[Omitted pursuant to Item 601(a)(6)]
Promotion
Dear George:
Congratulations on your promotion to Senior Vice President & General Manager Focal Therapies. Your new position, located in our New Hope office is effective January 16, 2023. In this role you will continue to report to Darren Sherman, President, and COO. Your new annual salary will be $325,000 or $13,541.67 semi-monthly. Your compensation continues to be subject to deductions for applicable taxes and withholdings, in accordance with Company’s regular payroll practices. All your other benefits will remain the same.
Again, Congratulations on the new position. We look forward to your continued success at Orchestra BioMed. If you have any questions regarding the terms of this promotion, please contact Lisa Daniels, Senior HR Director.
Sincerely,
/s/ Darren Sherman
President and COO
Orchestra BioMed
Acknowledged and Accepted:
/s/ George Papandreou | 1/16/2023 | |
Employee, George Papandreou | Date | |
150 Union Square Drive – New Hope, PA 18935 | ###-###-#### | www.orchestrabiomed.com
