Offer Letter of Employment between MAP Pharmaceuticals, Inc. and Scott Borland dated June 12, 2006

Summary

MAP Pharmaceuticals, Inc. offers Scott Borland the position of Tempo DHE Program Director, with an annual salary of $170,000, eligibility for a bonus program, stock options, and full company benefits. The offer is contingent on proof of work authorization, background check, references, and drug test. Employment is at-will, meaning either party can end it at any time. Scott must sign a confidentiality and inventions agreement on his first day. The offer expires on May 15, 2006, with an expected start date around June 12, 2006.

EX-10.36 2 d260270dex1036.htm OFFER LETTER DATED JUNE 12, 2006, BETWEEN SCOTT BORLAND AND THE REGISTRANT Offer Letter dated June 12, 2006, between Scott Borland and the Registrant

Exhibit 10.36

 

 

2450 Bayshore Parkway

Mountain View, CA 94043

650 ###-###-####

May 15, 2006

Scott Borland

[Address]

Dear Scott:

We are pleased to extend to you this offer of employment with MAP Pharmaceuticals, Inc. under the following terms and conditions.

Your title will be Tempo DHE Program Director, reporting directly to Tom Armer, Vice President and CSO. Your starting bi-weekly compensation will be $6538.00, annualized to $170,000.

You will also be eligible for MAP’s bonus program, which is currently an MBO based program with a target of 10%. This will be discussed with you further by Lynn or me when you start work.

You will be eligible for stock options with commencement of full time employment. Although the issuance of stock options is in the discretion of the Compensation Committee of MAP’s board of Directors, we anticipate that the Compensation Committee will approve the issuance of MAP common stock to you in connection with the commencement of your full time employment.

As a MAP employee, you will also be eligible for full company benefits, which include Health, Dental, Life, Vision, Vacation and Holidays.

This offer is contingent upon your ability to show satisfactory proof of identity and authorization to work in the United States. Please bring the appropriate verification documents (see enclosed document), on your first day of employment. This offer is also contingent upon the successful completion of our employment background check, employment references, and drug test. You will be provided with information and instructions on the completion of these items and cannot begin your employment until cleared results have been received.

On your first day of employment, you will be required to execute the company’s Confidentiality and Assignment of Inventions Agreement, providing for protection of the company’s proprietary information and trade secrets. We ask that you make every effort to protect the confidential and proprietary information of your current employer.


2450 Bayshore Parkway

Mountain View, CA 94043

650 ###-###-####

 

As part of employment at MAP Pharmaceuticals, Inc., you will be required to attend Employee Orientation and Safety Training. Additional information will be given to you upon joining the organization.

Scott we look forward to having you join the MAP Pharmaceuticals, Inc. team! We believe you will find that MAP Pharmaceuticals, Inc. provides a unique, rewarding work experience and that you will contribute to our mutual success.

Please contact me if you have any questions regarding this offer of employment. You may accept this offer by signing below and returning the signed copy, the second copy is for your records.

 

Sincerely,
Lynn
Lynn Bourget
Human Resources Manager

I understand that this letter is not a contract, expressed or implied, guaranteeing employment, or employment for any duration. If you choose to accept this offer, you will be an “at will” employee, and your employment with MAP will be voluntarily entered into and will be for no specified period. As a result, you will be free to resign at any time, for any reason or for no reason, as you deem appropriate. MAP will have a similar right, and may conclude our employment relationship with you at any time, with or without cause. Additionally, we may withdraw this offer at any time, with or without notice to you. The provisions stated in this offer of employment supersede all prior discussions and negotiations, and no other writing published by MAP Pharmaceuticals, Inc. is intended to modify the presumptions of at-will employment status.

This offer will expire on May 15, 2006 and it is expected that you will be available to start work on or around June 12, 2006.

 

   

6/12/06

Scott Borland     Start Date