RELOCATION/SIGN-ON BONUS REPAYMENT AGREEMENT
EX-10.4 5 dex104.htm RELOCATION AND SIGN-ON BONUS AGREEMENT Relocation and Sign-On Bonus Agreement
Exhibit 10.4
RELOCATION/SIGN-ON BONUS REPAYMENT AGREEMENT
I, Jordan Siegel, agree that I will reimburse Nabi Biopharmaceuticals for relocation expenses and/or a sign-on bonus paid on my behalf, if I voluntarily terminate my employment with Nabi Biopharmaceuticals or I am terminated for cause within twelve (12) months after my start date. The following pro-rated repayment schedule will apply:
| 1st Month | 92% | 7th Month | 44% | |||
| 2nd Month | 84% | 8th Month | 36% | |||
| 3rd Month | 76% | 9th Month | 28% | |||
| 4th Month | 68% | 10th Month | 20% | |||
| 5th Month | 60% | 11th Month | 12% | |||
| 6th Month | 52% | 12th Month | 4% |
| /s/ Jordan Siegel | 4/29/06 | |
| Employee Signature | Date | |
| /s/ Thomas H. McLain | April 29, 2006 | |
| HR Representative Signature | Date | |
