Amendment to Employment Agreement between Javelin Pharmaceuticals, Inc. and Daniel B. Carr, M.D.
Contract Categories:
Business Finance
›
Modification Agreements
Summary
This amendment updates the employment agreement between Javelin Pharmaceuticals, Inc. and Dr. Daniel B. Carr. It changes Dr. Carr's title from Chief Executive Officer to President, following his removal as CEO and appointment as President effective June 1, 2008. All other terms and conditions of the original employment agreement remain unchanged. Both parties have agreed to this amendment by signing the letter.
EX-10.2 3 y60068exv10w2.htm EX-10.2: AMENDMENT TO EMPLOYMENT AGREEMENT EX-10.
Exhibit 10.2
Javelin Pharmaceuticals, Inc.
125 CambridgePark Drive
Cambridge, Massachusetts 02140
125 CambridgePark Drive
Cambridge, Massachusetts 02140
June 5, 2008
VIA HAND DELIVERY
Daniel B. Carr, M.D.
935 Hammond Street
Chestnut Hill, MA 02467
Daniel B. Carr, M.D.
935 Hammond Street
Chestnut Hill, MA 02467
Re: | Amendment to Employment Agreement |
Dear Dr. Carr,
Reference is hereby made to that certain Employment Agreement (the Employment Agreement), dated as of July 7, 2007, by and between Javelin Pharmaceuticals, Inc. (the Company) and Daniel B. Carr, M.D. (the Executive).
In connection with the Executives removal from the position of Chief Executive Officer of the Company effective March 3, 2008, and the Executives subsequent appointment to the position of President of the Company effective June 1, 2008, each of the undersigned hereby acknowledges and agrees that the Employment Agreement is hereby amended, pursuant to Section 11(e) thereof, by deleting all references in the Employment Agreement to Chief Executive Officer and replacing all such references with President. The Employment Agreement is amended with the understanding that the Executive will serve as President and Chief Medical Officer of the Company under the same terms and conditions as provided in the Employment Agreement.
Except as specifically modified and amended herein, all terms and conditions of the Employment Agreement shall remain unmodified and in full force and effect. Please indicate your agreement to the terms of this letter by countersigning this letter in the space provided below and returning your original signed letter to the Company.
Very truly yours, | ||||
/s/ Martin J. Driscoll | ||||
Martin J. Driscoll | ||||
Chief Executive Officer | ||||
ACKNOWLEDGED AND AGREED
/s/ Daniel B. Carr, M.D.
Daniel B. Carr, M.D.
Daniel B. Carr, M.D.