Addendum to Offer of Employment Between Nektar Therapeutics and David Johnston (Relocation Assistance)
This addendum to David Johnston's Offer of Employment with Nektar Therapeutics provides additional relocation assistance. Nektar agrees to cover a second move of Johnston's household goods from Boston to the San Francisco Bay Area, including up to 12 months of storage. If Johnston leaves the company voluntarily or is terminated for reasons other than 'without cause' within one year of the relocation, he must repay the pro-rated relocation expenses. All other terms of the original employment offer remain unchanged.
Exhibit 10.58
Addendum of Offer of Employment
David Johnston
November 21, 2003
Dear David,
This letter is to inform you of an addendum to your Offer of Employment signed in November 2003, with Nektar Therapeutics.
In addition to all other terms and agreements provided in your signed Offer of Employment and to assist you with your relocation to the San Francisco Bay Area, Nektar agrees to provide you with a second move of household goods from your apartment in Boston, MA to your new permanent residence in the San Francisco Bay Area. Up to 12 months storage in transit will also be offered with this shipment.
Per the terms of the Nektar relocation policy supplied to you in your original Offer of Employment, in the event that you should voluntarily terminate your employment with Nektar or be terminated other than “without cause” by Nektar within one (1) year after this relocation expense has incurred on your behalf, you agree to repay the pro-rated relocation dollars. (Including all expenses and closing costs that were directly billed to Nektar).
All other terms and conditions of your Offer of Employment are and will remain in effect.
Sincerely,
| /s/ EG Frisby | ||
| Elizabeth G. Frisby | ||
| Vice President, Human Resources | ||
| OFFER ACCEPTED: | ||
| /s/ David Johnston | 12/11/03 | |
| David Johnston | Date | |
