Synlogic, Inc. Promotion Letter to Antoine Awad for Chief Operating Officer Position
Synlogic, Inc. confirms the promotion of Antoine Awad to Chief Operating Officer, effective July 1, 2020. His new compensation includes a base salary of $376,000, a target bonus of 40%, and a grant of 70,000 stock options, subject to company plans and board approval. Annual bonuses are discretionary and require continued employment at the time of payment. All other employment terms remain unchanged.
Exhibit 10.14.2
Synlogic, Inc.
301 Binney Street, Suite 402
Cambridge, MA 02142
To: Antoine Awad
Date: July 21, 2020
Re: Promotion to COO
Dear Tony,
We are delighted to confirm your promotion to COO, effective July 1, 2020.
In recognition of your promotion your compensation will be adjusted as follows:
| • | Base salary: $376,000 |
| • | Target Bonus: 40% |
| • | Promotion Equity Grant: 70,000 options |
The balance of your terms and conditions remains unchanged and are therefore not re-stated here. Please note:
| • | Annual bonuses are discretionary and not guaranteed. To be eligible for any such bonus, you must be employed by the Company in good standing at the time such bonus is paid. |
| • | Equity awards are subject to the terms of the Company’s then applicable equity incentive plan (“Incentive Plan”) and form of option agreement, and subject to approval by the Board of Directors of the Company |
Thank you for your contribution to Synlogic.
| Best wishes, | ||
| SYNLOGIC, INC. | ||
| By: |
| /s/ Aoife Brennan |
| Name: |
| Aoife Brennan |
| Title: |
| President & CEO |
