THIS EMPLOYMENT AGREEMENT (the Agreement), is made as of July 10th, 2020 by and between Pandion Therapeutics, Inc. (the Company), and Jo Viney (the Executive) (together, the Parties).
WHEREAS, the Company desires to employ the Executive as its President and Chief Scientific Officer; and
WHEREAS, the Executive is party to a letter agreement dated March 11, 2017 with the Company or an affiliate of the Company (the Existing Agreement) which Existing Agreement will be superseded in its entirety by this Agreement;
WHEREAS, the Executive has agreed to accept such employment on the terms and conditions set forth in this Agreement;
NOW, THEREFORE, in consideration of the foregoing and of the respective covenants and agreements of the Parties herein contained, the Parties hereto agree as follows:
1. Agreement. This Agreement shall be effective as of the date on which the registration statement relating to the Companys initial public offering is effective (the Effective Date). Following the Effective Date, the Executive shall continue to be an employee of the Company until such employment relationship is terminated in accordance with Section 7 hereof (the Term of Employment).
2. Position. During the Term of Employment, the Executive shall serve as the President and Chief Scientific Officer of the Company, working out of the Companys offices in the Boston, Massachusetts area, and travelling as reasonably required by the Executives job duties.
3. Scope of Employment.
(a) During the Term of Employment, the Executive shall be responsible for the performance of those duties consistent with the Executives position as President and Chief Scientific Officer, in addition to such other duties as may from time to time be assigned to the Executive by the Company. The Executive shall report to the Chief Executive Officer of the Company and shall perform and discharge faithfully, diligently, and to the best of the Executives ability, the Executives duties and responsibilities hereunder.
(b) The Executive agrees to devote the Executives full business time, best efforts, skill, knowledge, attention and energies to the advancement of the business and interests of the Company and to the performance of the Executives duties and responsibilities as an employee of the Company; provided that the Executive may (i) engage in charitable, educational, religious, civic and similar types of activities and (ii) serve on the board of directors of for-profit business enterprises, provided that such service is approved by the Companys board of directors (the Board) prior to commencement thereof (such approval not to be unreasonably withheld), to the