Promotion Letter to Chief Business Officer for Tara Nickerson – Prothena Corporation plc

Summary

This letter from Prothena Corporation plc informs Tara Nickerson of her promotion to Chief Business Officer, effective March 1, 2014. The letter outlines her new title and responsibilities, confirms her annual bonus opportunity remains at 40% of her salary, and upgrades her severance plan tier. It also clarifies that her employment remains at will, meaning either party can end the employment at any time. The letter is signed by the company's President and CEO, Dale B. Schenk.

EX-10.1 2 exhibit101mar2014promotion.htm EXHIBIT- T. NICKERSON PROMOTION LETTER Exhibit 10.1 Mar 2014 Promotion Letter - Tara

Exhibit 10.1

February 5, 2014

Tara Nickerson

Tara -

I am very pleased to inform you of your promotion to Chief Business Officer, effective March 1, 2014. In this new role, we expect that you will contribute significantly to the advancement of our business and achievement of our goals in 2014 and beyond.

In addition to the change in title and responsibilities, your promotion may impact certain of Prothena’s compensation and benefits plans:


•	Your annual bonus opportunity under the Prothena Corporation plc Incentive Compensation Plan will remain 40% of annual salaried-earnings


•	Your Tier level under the Prothena Biosciences Inc Amended and Restated Severance Plan moves from Tier 2 (Leadership II) to Tier 1 (Leadership I) - further details are attached

On behalf of the Board of Directors and Leadership Team, I thank you for the work you’ve put in to earn this promotion, and I look forward to your continued success here at Prothena.

Sincerely,

/s/ Dale B. Schenk

Dale B. Schenk

President and Chief Executive Officer

Your employment remains “at will.” This means that you and Prothena each have the right to terminate the employment relationship at any time, with or without cause. Nothing in this letter should be taken as a guarantee of continued employment or a specific term of employment.