Separation Agreement, dated June 25, 2019, between Robert Forrester and Verastem, Inc
June 25, 2019
346 Gay Street
Westwood, MA 02142
As we have agreed, you have resigned your employment with Verastem, Inc. (the “Company”) and your position on the Verastem Board of Directors, and the Company has accepted that resignation, effective June 21, 2019 (the “Separation Date”). Any capitalized term that is not defined herein shall have the same meaning as defined in the Amended and Restated Employment Agreement between you and the Company dated as of November 22, 2013 (the “Employment Agreement”). The purpose of this letter (the “Agreement”) is to confirm the terms concerning your separation from employment, as follows:
3. Acknowledgement of Full Payment and Withholding.
4. Status of Employee Benefits, Paid Time Off, Expenses and Equity.
5. Confidentiality, Non-Disparagement, and Continuing Obligations.
If the terms of this Agreement are acceptable to you, please sign, date and return it to Cathy Carew within twenty-one (21) days of the date you receive it. You may revoke this Agreement at any time during the seven-day period immediately following the date of your signing by notifying the Lead Director of the Company’s Board of Directors in writing of your revocation within that period. If you do not revoke this Agreement, then, on the eighth day following the date that you signed it, this Agreement shall take effect as a legally binding agreement between you and the Company on the basis set forth above. You agree that if there have been any changes to a prior version of this Agreement (material or immaterial), the 21 day consideration period will not be reset. The enclosed copy of this letter, which you should also sign and date, is for your records.
By:/s/ Dr. Michael Kauffman
Dr. Michael Kauffman
Accepted and agreed:
Signature: /s/ Robert Forrester
Date: June 25, 2019