Employment Continuation and Termination of Transition Agreement between MEI Pharma, Inc. and Brian G. Drazba
This letter confirms that Brian G. Drazba will continue his employment with MEI Pharma, Inc. under the terms of his existing employment agreement dated February 1, 2017, with salary adjustments as approved by the company's Compensation Committee. It also states that the previous Transition and Retirement Agreement dated August 2, 2021, is terminated and no longer in effect. Both parties have agreed to these terms as of July 7, 2022.
Exhibit 10.1
[MEI Pharma Letterhead]
July 7, 2022
Brian G. Drazba
Dear Brian
I am confirming our agreement regarding your continued employment with MEI Pharma, Inc. (the “Company”).
As I notified you on June 30, 2022, your employment will continue beyond June 30, 2022. Your employment will continue in accordance with the terms of your employment agreement with the Company dated February 1, 2017, subject to adjustments in salary as approved by the Compensation Committee of the Board of Directors from time to time. You and the Company agree that the Transition and Retirement Agreement dated August 2, 2021 is hereby terminated and is of no effect.
Sincerely
/s/ Daniel P. Gold
Daniel P. Gold
Chief Executive Officer
MEI Pharma, Inc.
Agreed
| /s/ Brian G. Drazba |
| Brian G. Drazba |
