Amendment to Offer Letter Sample Clauses

Amendment to Offer Letter. Dear JC: This letter confirms our earlier discussions and memorializes the decision approved by the Board of Directors of Synlogic, Inc. (the “Company”) to amend certain provisions of your employment offer letter, effective as of March 20, 2015, by and between you and the Company (the “Letter Agreement”). The following amendment to the Letter Agreement will be effective as of May 16, 2017. Section 4(a) of the Employment Agreement is modified by deleting the first sentence of Section 4(a) in its entirety and replacing it with the following: “Your base salary will be at the rate of $37,500 per month, annualized at $450,000, which shall be prorated for any partial year, month or week.” Section 4(b) of the Employment Agreement is modified by deleting the first sentence of Section 4(b) in its entirety and replacing it with the following: “During each year you are employed with the Company, you will have the opportunity to earn an annual bonus of up to forty percent (40%) of your Base Salary (the “Target Bonus”), based on the achievement of or progress toward individual departmental and/or corporate objectives and goals, as reasonably determined by the Board, after consultation with you, within the first three months of the year to which the bonus relates; provided that to be eligible for any such bonus, you must be employed by the Company on the last day of the year to which the annual bonus relates.” All other terms and conditions of the Employment Agreement remain in effect. Thank you for your assistance in this matter. Please sign this letter as acceptance of the terms of amendment to your Employment Agreement. Sincerely, SYNLOGIC, INC. /s/ Xxxx Xxxxxx Xxxx Xxxxxx, Chief Financial Officer Accepted and Agreed by: /s/ Xxxx-Xxxxxx Xxxxxxxxx-Ramos Xxxx-Xxxxxx Gutiérrez-Ramos
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Amendment to Offer Letter. As additional consideration for Executive’s execution and non-revocation of this Agreement, the Company agrees to amend the third paragraph of page two of the Offer Letter such that Executive will be entitled to the Change of Control Release Payment (as defined therein) subject to any conditions set forth in the Offer Letter (as amended by this Agreement), minus the consideration provided under this Agreement (as determined on a component-by-component basis), in the event that a Company transaction that would constitute a Change of Control thereunder has a definitive agreement signed with one of the parties previously identified to Executive, the signing occurs within six (6) months from the Termination Date, and such Change of Control closes on or before March 14, 2018.
Amendment to Offer Letter. Concurrently with the execution of this Amendment, Xxxxx Xxxxxxx and Buyer shall execute and deliver counterparts of an Amendment to Offer Letter in the form attached hereto as Exhibit B.
Amendment to Offer Letter. Dear Xxxxx: This letter amends the offer letter between you and Amyris Biotechnologies, Inc. (“Amyris”) dated January 25, 2005 (the “Original Offer Letter”). The Original Offer Letter shall be amended by adding the following provisions:
Amendment to Offer Letter. Section 6 of the Offer Letter is hereby amended and restated in its entirety to read as follows:
Amendment to Offer Letter. Executive agrees that the letter agreement between the Company and Executive, dated November 15, 2006, is hereby amended by deleting the words “previously granted stock options” and substituting the words “stock options granted prior to December 17, 2014” in lieu thereof in the following sentence: “In the event that the Company is acquired, fifty percent (50%) of all your previously granted stock options that have not vested will vest upon the closing of that acquisition.”
Amendment to Offer Letter. This Amendment to Offer Letter (this “Amendment”) is entered into as of December 31, 2008, by and between Shutterfly, Inc. (the “Company”) and Xxxxxxx Xxxxx (“you”) (collectively, the “parties”). This Amendment modifies certain provisions of your offer letter from the Company dated May 17, 2007 (the “Offer Letter”).
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Amendment to Offer Letter. Dear Xxx: This amendment (this “Amendment’), reflects our agreement to modify your original offer letter between you and Gulfport Energy Corporation (the “Company”), dated as of May 17, 2021 (the “Offer Letter”), pursuant to the following terms and conditions, effective as of September 2, 2021. Any capitalized terms used herein without definition shall have the meanings ascribed to such terms in the Offer Letter.
Amendment to Offer Letter. Dear Xxx: Reference is hereby made to that certain letter agreement by and between you and Accretive Health, Inc. (the “Company”) dated April 27, 2013 (the “Letter Agreement”). The Letter Agreement is hereby amended in accordance with Section 17 of the Letter Agreement as set forth herein (this “Amendment”), and to the extent that there is any conflict between the terms and conditions of this Amendment and the terms and conditions of the Letter Agreement, the terms and conditions of this Amendment will govern and prevail. Capitalized terms used herein, but not otherwise defined, will have the meanings attributed to such terms in the Letter Agreement. Except as specifically provided herein, the Letter Agreement will remain in full force and effect in accordance with all of the terms and conditions thereof.
Amendment to Offer Letter. Dear Xxxxxx: Reference is hereby made to the offer letter (the “Offer Letter”), dated December 4, 2012, by and between you and Rapid7, Inc. (the “Company”). The Company has agreed to extend the accelerated vesting provisions set forth in second and third bullet points describing the accelerated vesting provisions applicable to the Option (as defined in the Offer Letter) (the “Acceleration Provisions”) to cover all compensatory equity awards covering Company common stock, including stock options, restricted stock, restricted stock unit awards and other types of equity awards as applicable (collectively, the “Equity Awards”) that have been awarded to you under the Company’s 2011 Stock Option and Grant Plan, as amended, the Company’s 2015 Equity Incentive Plan, as amended (the “2015 Plan”) or any successor plan thereof. Further, unless otherwise expressly provided by the Company at the time of grant, any future Equity Awards that the Company may grant to you while the Offer Letter is effective shall also be eligible for accelerated vesting pursuant to and in accordance with the Acceleration Provisions. In addition, if, in connection with a Change in Control (as defined in the 2015 Plan), an Equity Award will not be assumed or continued by the successor or acquiror entity in such Change in Control or substituted for a similar award of the successor or acquiror entity and will therefore terminate, then, you will become vested with respect to any then unvested portion of any applicable Equity Award, effective immediately prior to, but subject to the consummation of such Change in Control. You and the Company agree that the Offer Letter and the applicable award agreements evidencing the Equity Awards are hereby deemed to be amended in order to reflect the terms of this letter. Except as otherwise set forth in this letter, the Offer Letter and the applicable award agreements evidencing the Equity Awards shall remain in full force and effect in accordance with their terms and conditions. This letter constitutes the entire agreement between you and the Company regarding the subject matter hereof and supersedes all prior negotiations, representations or agreements, whether written or oral, concerning the modification of the Offer Letter and the applicable award agreements evidencing the Equity Awards described herein. Please execute this letter where indicated below to confirm your agreement to the amendment to your Offer Letter and certain award agreements evidencin...
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