Sign-On Bonus Agreement between NovaMed Pharmaceuticals (Shanghai) Co., Ltd. and Hong Zhao
NovaMed Pharmaceuticals (Shanghai) Co., Ltd. offers Hong Zhao a sign-on bonus of RMB 300,000 as part of his employment as CEO of China Operations. The bonus will be paid with the first payroll, subject to taxes, but is only fully earned if Mr. Zhao remains employed for one year. If he resigns before completing one year, he must repay the full bonus amount.
EXHIBIT 10.6
Friedhelm Blobel, Ph.D.
Executive Director
CONFIDENTIAL
February 22, 2013
Hong Zhao
30 F Shanghai Times Square
No. 93 Huai Hai Zhong Road
Shanghai 200021
China
Dear Mr. Zhao,
Referring to the offer letter dated February 22, 2013 to join SciClone Pharmaceuticals as CEO China Operations, I am pleased to offer you also a Sign-On Bonus in the amount of RMB 300,000 (three hundred thousand RMB). This Sign-On Bonus will be paid with the first regular payroll less applicable withholding taxes.
Although this bonus will be paid at the time noted, it will not be fully earned until the first anniversary of your employment start date. Should you voluntarily terminate your employment prior to the first anniversary of your employment start date, you shall be required to repay as of your termination date the full amount of the Sign-On Bonus.
| Sincerely, |
| /s/ Friedhelm Blobel |
| Friedhelm Blobel, Ph.D. Executive Director |
|
For and on behalf of NovaMed Pharmaceuticals (Shanghai) Co., Ltd. and its affiliates |
