Separation Agreement between W. Scott Harkonen and InterMune, Inc. (July 14, 2003)
This agreement confirms the resignation of W. Scott Harkonen as an officer and employee of InterMune, Inc., effective June 30, 2003. Despite his resignation, InterMune agrees to provide him with the compensation and benefits specified in Section 3.3 of his Employment Agreement, as if his employment had been terminated without cause. The agreement is executed by both parties and may be signed in counterparts by fax.
Exhibit 10.63
July 14, 2003
Mr. William R. Ringo, Jr.
Chairman and Chief Executive Officer
InterMune, Inc.
3280 Bayshore Boulevard
Brisbane, CA 94005
Dear Bill:
In connection with my resignation as an officer and employee of InterMune, Inc., you and I have agreed to confirm in writing our oral understandings as follows:
1. My resignation as an officer and employee of InterMune became effective at the opening of business on June 30, 2003; and
2. Notwithstanding my resignation, InterMune will be obligated to provide me with at least the compensation and benefits set forth in Section 3.3 of my Employment Agreement that are payable thereunder in the case of a termination without cause.
This letter agreement may be executed in counterparts by facsimile signature.
I understand that you have agreed to execute this letter.
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| Sincerely, | |
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| /s/ W. Scott Harkonen |
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| W. Scott Harkonen | |
Agreed and Accepted
this 14 day of July, 2003
| INTERMUNE, INC. | ||
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| By: | /s/ William R. Ringo |
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| William R. Ringo | |
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| Chairman and Chief Executive Officer | |
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