First Amendment to Employment Agreement between ZymoGenetics, Inc. and Douglas E. Williams

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Summary

This amendment updates the employment agreement between ZymoGenetics, Inc. and Douglas E. Williams, effective July 1, 2007. It changes Williams' title from Executive Vice President, Research and Development to President, and updates related references in the agreement to reflect his new role as President and Chief Executive Officer. It also updates the titles of other executives for notice purposes. All other terms of the original agreement remain unchanged.

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EX-10.1 2 dex101.htm FIRST AMENDMENT TO EMPLOYMENT AGREEMENT First Amendment to Employment Agreement

Exhibit 10.1

FIRST AMENDMENT

This is the first amendment to the Employment Agreement dated August 29, 2004 between ZymoGenetics, Inc. and Douglas E. Williams.

Effective July 1, 2007, the following terms are amended:

Section 1 “Employment”: “Executive Vice President, Research and Development” is replaced with “President”;

Section 2 “Duties”: “President” is replaced with “Chief Executive Officer”;

Section 4.4 “Good Reason”, Parts e) and f): “Executive Vice President, Research and Development” is replaced with “President”;

Section 13 “Notices”: For purposes of Notices, Executive’s title of “Executive Vice President, Research and Development” is replaced with “President”, and Bruce L.A. Carter’s title of “President and CEO” is replaced with “CEO and Chairman.”

All other terms remain unchanged as of July 1, 2007.

 

ZYMOGENETICS, INC.
By:   /s/ BRUCE L.A. CARTER
Dr. Bruce L. A. Carter, Chief Executive Officer & Chairman
EXECUTIVE:
/s/ DOUGLAS E. WILLIAMS
Douglas E. Williams, Ph.D.
Date: August 21, 2007