Amendment to Offer Letter Between Theravance, Inc. and Leonard Blum Dated July 23, 2008
This agreement amends the original offer letter between Theravance, Inc. and Leonard Blum. It extends Leonard Blum's eligibility for temporary housing and weekly travel between San Francisco and Seattle by up to twelve months, and also extends the period for using relocation assistance by twelve months. These benefits are only available as long as Leonard Blum remains a full-time employee. All other terms of the original offer letter remain unchanged.
Exhibit 10.47
July 23, 2008
Leonard Blum
Theravance, Inc.
901 Gateway Blvd
South San Francisco, CA 94080
Re: Amendment to Offer Letter dated July 27, 2007
Dear Leonard:
By your countersignature below, this letter agreement amends the offer letter between Theravance, Inc. (the “Company”) and you dated July 27, 2007 (the “Offer Letter”).
Exhibit A to the Offer Letter is hereby amended to provide you with up to an additional twelve (12) months of temporary housing and weekly round-trip coach class travel between San Francisco and Seattle, in each case, as described in and subject to the conditions in the Offer Letter. In addition, the Company will extend the period during which you may utilize the relocation assistance described in the Offer Letter by up to twelve (12) months. Each of these benefits is contingent upon your continuous service as a full-time employment of the Company.
Except as provided above, all other terms and conditions of the Offer Letter shall remain in full force and effect.
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| Sincerely, | |
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| /s/ Rick E Winningham | |
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| Rick E Winningham | |
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| Chief Executive Officer | |
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| AGREED AND ACCEPTED: |
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| /s/ Leonard Blum |
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| Leonard Blum |
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| Date: July 23, 2008 |
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