Psychemedics Corp Sample Contracts

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RECITALS
Lease • March 31st, 1998 • Psychemedics Corp • Services-medical laboratories
RECITALS
Pledge Agreement • May 14th, 1998 • Psychemedics Corp • Services-medical laboratories • Massachusetts
INDEMNIFICATION AGREEMENT
Indemnification Agreement • March 27th, 2023 • Psychemedics Corp • Services-medical laboratories • Delaware

THIS INDEMNIFICATION AGREEMENT (“Agreement”) is made as of November 12, 2021 by and between PSYCHEMEDICS CORPORATION, a Delaware corporation (the “Company”), and [●] (the “Indemnitee”). This Agreement supersedes and replaces any and all previous Agreements between the Company and Indemnitee covering the subject matter of this Agreement.

CONFIDENTIAL Mr. Raymond C. Kubacki c/o Psychemedics Corporation Suite 200 Acton, MA 01720 Dear Ray:
Psychemedics Corp • March 4th, 2019 • Services-medical laboratories

This letter sets forth the agreements we have made regarding your employment with Psychemedics Corporation (the “Company”). Definitions not defined in the text below shall have the meanings set forth in Paragraph 14.

STOCK UNIT AWARD AGREEMENT (For Non-employee Directors; granted under the Psychemedics Corporation 2006 Incentive Plan)
Stock Unit Award Agreement • May 19th, 2016 • Psychemedics Corp • Services-medical laboratories • Delaware
July 10, 2008
Psychemedics Corp • July 14th, 2008 • Services-medical laboratories

This letter sets forth the agreements we have made regarding your employment with Psychemedics Corporation (the “Company”).

STOCK UNIT AWARD AGREEMENT (For Non-employee Directors; granted under the Psychemedics Corporation 2006 Equity Incentive Plan)
Stock Unit Award Agreement • June 13th, 2006 • Psychemedics Corp • Services-medical laboratories • Delaware
STOCK UNIT AWARD AGREEMENT (Granted under the Psychemedics Corporation 2006 Equity Incentive Plan)
Stock Unit Award Agreement • June 13th, 2006 • Psychemedics Corp • Services-medical laboratories • Delaware
INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • October 29th, 2015 • Psychemedics Corp • Services-medical laboratories

INCENTIVE STOCK OPTION AGREEMENT made this ___ day of _________, 20__ between PSYCHEMEDICS CORPORATION, a Delaware corporation (hereinafter called the Corporation), and ____________________, an employee of the Corporation or one or more of its subsidiaries (hereinafter called the Employee).

CONFIDENTIAL Charles Doucot c/o Psychemedics Corporation Acton, MA 01720 Dear Charlie:
Psychemedics Corp • March 30th, 2023 • Services-medical laboratories

This letter sets forth the agreements we have made regarding your employment with Psychemedics Corporation (the “Company”). Definitions not defined in the text below shall have the meanings set forth in Paragraph 14.

NON QUALIFIED STOCK OPTION AGREEMENT (PERFORMANCE-BASED INDUCEMENT GRANT)
Non Qualified Stock Option Agreement • August 21st, 2023 • Psychemedics Corp • Services-medical laboratories • Delaware

NON QUALIFIED STOCK OPTION AGREEMENT (the “Option Agreement”) made this 17th day of August, 2023 between PSYCHEMEDICS CORPORATION, a Delaware corporation (hereinafter called the “Corporation”), and Brian Hullinger, an employee or independent contractor of the Corporation or one or more of its subsidiaries (hereinafter called the “Optionee”).

NON QUALIFIED STOCK OPTION AGREEMENT (non-employee director of the Corporation)
Non Qualified Stock Option Agreement • May 19th, 2016 • Psychemedics Corp • Services-medical laboratories

NON QUALIFIED STOCK OPTION AGREEMENT made this ____ day of _____________, 2016 between PSYCHEMEDICS CORPORATION, a Delaware corporation (hereinafter called the Corporation), and ____________________, a non-employee director of the Corporation (hereinafter called the Optionee).

STOCK UNIT AWARD AGREEMENT (Granted under the Psychemedics Corporation 2006 Incentive Plan)
Stock Unit Award Agreement • May 19th, 2016 • Psychemedics Corp • Services-medical laboratories • Delaware
CONFIDENTIAL Michael I. Schaffer, Ph.D. c/o Psychemedics Corporation Culver City, CA 90230-6608 Dear Mike:
Psychemedics Corp • February 22nd, 2018 • Services-medical laboratories

This letter sets forth the agreements we have made regarding your employment with Psychemedics Corporation (the “Company”). Definitions not defined in the text below shall have the meanings set forth in Paragraph 14.

November 3, 2008 CONFIDENTIAL Mr. William R. Thistle c/o Psychemedics Corporation 125 Nagog Park, Suite 200 Acton, MA 01720 Dear Bill:
Letter Agreement • March 27th, 2009 • Psychemedics Corp • Services-medical laboratories

This letter sets forth an amendment to the letter agreement (the “Letter Agreement”) between you and Psychemedics Corporation (the “Company”) dated March 28, 2005. The Letter Agreement is hereby amended by adding after paragraph 13 thereof the following paragraph 14:

INCENTIVE STOCK OPTION AGREEMENT (TIME-BASED OPTION)
Incentive Stock Option Agreement • March 28th, 2024 • Psychemedics Corp • Services-medical laboratories • Delaware

INCENTIVE STOCK OPTION AGREEMENT (the “Option Agreement”) made this _______ day of __________, 20__ between PSYCHEMEDICS CORPORATION, a Delaware corporation (hereinafter called the “Corporation”), and_______________, an employee of the Corporation (hereinafter called the “Optionee”).

FOURTH AMENDMENT TO LEASE
Lease • March 31st, 2006 • Psychemedics Corp • Services-medical laboratories

This FOURTH AMENDMENT TO LEASE (the “Amendment”) is made and entered into as of the 24th day of May 2005, by and between MITCHELL H. HERSCH, BRIAN L. HERSCH, SHARON MAE HERSCH, KERRY ELLEN HERSCH BERGER and MITCHELL H. HERSCH AS MANAGER OF EVERY/JOE LLC (collectively “Lessor”) and PSYCHEMEDICS CORPORATION, a Delaware corporation (“Lessee”), with respect to that Standard Industrial Lease dated October 6, 1992, and amended January 1, 1993 and December 16, 1994 (as amended, the “Lease”), pursuant to which Lessee leases from Lessor those certain premises located at 5830 Uplander Way, Los Angeles County, California and 5832 Uplander Way, Los Angeles County, California (collectively the “Premises”). Unless otherwise defined herein, all capitalized terms used in this Amendment shall have the same meanings as are ascribed to such terms in the Lease. Lessor and Lessee hereby acknowledge the following:

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November 27, 2023 Daniella Mehalik Pittsburgh, PA Dear Daniella,
Psychemedics Corp • November 27th, 2023 • Services-medical laboratories

On behalf of Psychemedics Corporation (“Psychemedics” or the “Company”), I am pleased to extend a formal offer of employment to you with the Company. This offer letter agreement (the “Agreement”) provides the terms and conditions of your employment with the Company. Your tentative start date is November 27, 2023.

FEBRUARY 16, 2007 LETTER AGREEMENT WITH PETER C. MONSON]
Letter Agreement • May 14th, 2007 • Psychemedics Corp • Services-medical laboratories • Massachusetts

This letter will serve as an Agreement (the “Agreement” or “letter Agreement”) between you and Psychemedics Corporation (the “Company”), concerning the terms and conditions of your separation from employment.

March 21, 2023
Psychemedics Corp • March 27th, 2023 • Services-medical laboratories

This letter sets forth the agreements we have made regarding your employment with Psychemedics Corporation (the “Company”). Definitions not defined in the text below shall have the meanings set forth in Paragraph 14.

INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • May 19th, 2016 • Psychemedics Corp • Services-medical laboratories

INCENTIVE STOCK OPTION AGREEMENT made this ____ day of _____________, 2016 between PSYCHEMEDICS CORPORATION, a Delaware corporation (hereinafter called the Corporation), and ____________________, an employee of the Corporation or one or more of its subsidiaries (hereinafter called the Employee).

Michael I. Schaffer, Ph.D. c/o Psychemedics Corporation Culver City, CA 90230-6608 Dear Mike:
Letter Agreement • September 10th, 2020 • Psychemedics Corp • Services-medical laboratories

This letter sets forth an amendment to the letter agreement (the “Letter Agreement”) between you and Psychemedics Corporation (the “Company”) dated February 20, 2018. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Letter Agreement is hereby amended as follows:

March 15, 2021 Psychemedics Corporation Acton, MA 01720 Attn: Andrew Limbek
Psychemedics Corp • March 23rd, 2021 • Services-medical laboratories

Reference is made to that certain Master Loan and Security Agreement No. 26928-70000 dated as of March 19, 2014 (as amended, modified or supplemented from time to time, the “Master Loan Agreement”) between Banc of America Leasing & Capital, LLC (“BALC”) and Psychemedics Corporation (the “Company”). The Master Loan Agreements, collectively with all exhibits, addenda, Equipment Notes, certificates, riders and other documents and instruments executed and delivered to BALC in connection therewith, which evidence, secure, guaranty, or relate to the Master Loan Agreement, are collectively referred to as the “Equipment Finance Documents.” Capitalized terms not otherwise defined herein shall have the meanings ascribed them in the Equipment Finance Documents.

September 1, 2023
Psychemedics Corp • March 28th, 2024 • Services-medical laboratories

On behalf of Psychemedics Corporation (“Psychemedics” or the “Company”), I am pleased to offer you employment with the Company. This offer letter agreement (the “Agreement”) provides the terms and conditions of your employment with the Company.

Banc of America Leasing & Capital, LLC Master Loan and Security Agreement Number: 26928-70000
Security Agreement • May 1st, 2014 • Psychemedics Corp • Services-medical laboratories

This Master Loan and Security Agreement, dated as of March 19. 2014 (this “Agreement”), is by and between Banc of America Leasing & Capital, LLC, a Delaware limited liability company having an office at 125 Dupont Drive, Providence, R1 02907 (together with its successors and assigns, “Lender”), and Psychemedics Corporation (as “Borrower”), a Corporation existing under the laws of the state of Delaware, and having its chief executive office and any organizational identification number as specified with its execution of this Agreement below. Certain defined terms used herein are identified in bold face and quotation marks throughout this Agreement and in Section 14 below. This Agreement sets forth the terms and conditions for the financing of Equipment between Lender and Borrower pursuant to one or more “Equipment Notes” incorporating by reference the terms of this Agreement, together with all exhibits, addenda, schedules, certificates, riders and other documents and instruments executed

SIXTH AMENDMENT TO LEASE
Lease • October 15th, 2015 • Psychemedics Corp • Services-medical laboratories

This SIXTH AMENDMENT TO LEASE (the "Amendment") is made and entered into as of the 13TH day of October 2015, by and between UPLANDER LLC (“Lessor”) and PSYCHEMEDICS CORPORATION, a Delaware corporation ("Lessee"), with respect to that Standard Industrial Lease dated October 6, 1992, and amended January 1, 1993, December 16, 1994, December 31, 1997, May 24, 2005, and November 22, 2011 (as amended, the “Lease"), pursuant to which Lessee leases from Lessor those certain premises located at 5830 Uplander Way, Los Angeles County, California and 5832 Uplander Way, Los Angeles County, California (collectively the "Premises"). Unless otherwise defined herein, all capitalized terms used in this Amendment shall have the same meanings as are ascribed to such terms in the Lease. Lessor and Lessee hereby acknowledge the following:

Mr. Charles Doucot c/o Psychemedics Corporation Suite 200 Acton, MA 01720 Dear Charlie:
Letter Agreement • September 10th, 2020 • Psychemedics Corp • Services-medical laboratories

This letter sets forth an amendment to the letter agreement (the “Letter Agreement”) between you and Psychemedics Corporation (the “Company”) dated May 2, 2018. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Letter Agreement is hereby amended as follows:

CONFIDENTIAL Charles Doucot c/o Psychemedics Corporation Acton, MA 01720 Dear Charlie:
Psychemedics Corp • March 4th, 2019 • Services-medical laboratories

This letter sets forth the agreements we have made regarding your employment with Psychemedics Corporation (the “Company”). Definitions not defined in the text below shall have the meanings set forth in Paragraph 10.

NON QUALIFIED STOCK OPTION AGREEMENT (PERFORMANCE-BASED INDUCEMENT OPTION)
Non Qualified Stock Option Agreement • March 28th, 2024 • Psychemedics Corp • Services-medical laboratories • Delaware

NON QUALIFIED STOCK OPTION AGREEMENT (the “Option Agreement”) made this ___ day of __________, 20__ between PSYCHEMEDICS CORPORATION, a Delaware corporation (hereinafter called the “Corporation”), and ______________, an employee of the Corporation (hereinafter called the “Optionee”).

July 12, 2023
Psychemedics Corp • July 14th, 2023 • Services-medical laboratories

On behalf of Psychemedics Corporation (“Psychemedics” or the “Company”), I am pleased to offer you employment with the Company. This offer letter agreement (the “Agreement”) provides the terms and conditions of your employment with the Company.

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