SEPARATION AGREEMENT
Exhibit 10.1
This Separation Agreement (“Agreement”) is made between Korro Bio, Inc., a Delaware corporation (“Parent”, and together with its subsidiaries, including Korro Bio Ops, Inc., the “Company”), and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (the “Executive”). The Company together with the Executive shall be referred to as the “Parties”. Terms with initial capitalization not otherwise defined shall have the meanings ascribed to such terms in the Employment Agreement (as defined below).
WHEREAS, the Executive has informed the Company that he will be resigning from his employment with the Company effective October 17, 2025 (the “Resignation Date”) and the Company has accepted his resignation;
WHEREAS, the Parties entered into an Employment Agreement effective as of November 8, 2023 (the “Employment Agreement”);
WHEREAS, the Parties entered into an Employee Proprietary Information and Inventions Assignment Agreement dated November 2, 2023 (the “Restrictive Covenants Agreement”);
WHEREAS, the Company issued stock options to the Executive pursuant to the Korro Bio, Inc. 2019 Stock Incentive Plan, as amended from time to time, the Korro Bio, Inc. 2023 Stock Option and Incentive Plan, as amended from time to time, and associated award agreements (collectively the “Equity Documents”);
WHEREAS, pursuant to the Employment Agreement, the Company agreed to provide the Executive with certain separation pay and benefits in the event of certain cessations of employment, subject to, among other things, the Executive entering into, not revoking and complying with a Separation Agreement;
WHEREAS, in recognition of the Executive’s professionalism in connection with his departure, including his agreement to be available to advise the Company to ensure a smooth transition, the Executive’s employment with the Company will be treated as an ending pursuant to Section 3(d) of the Employment Agreement;
WHEREAS, this is the Separation Agreement referred to in the Employment Agreement; and
WHEREAS, in exchange for, among other things, the Executive entering into, and not revoking this Agreement and agreeing to comply with the Post-Employment Continuing Obligations (as defined below), the Company shall provide the Executive with the same Separation Pay and Benefits as set forth in Section 5 of the Employment Agreement as well as the additional benefits set forth below, collectively described in Section 3 of this Agreement (the “Separation Benefits”); and
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:
In addition, regardless of whether this Agreement becomes effective the Executive will be provided with information regarding the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) under separate cover.
(a) the Company shall pay the Executive an amount equal to the sum of (i) nine (9) months of the Executive’s Base Salary ($352,500) plus (ii) a Executive’s Target Bonus for FY 2025 prorated to reflect the period during FY 2025 that the Executive was employed by the Company prior to the Resignation Date ($149,400) (together the “Separation Amount”), with amount set forth in subsection (i) of this paragraph to be paid out in substantially equal installments in accordance with the Company’s payroll practice over nine (9) months commencing on the Company’s next regular payroll date following the Effective Date of this Agreement, and the amount set forth in subsection (ii) of this paragraph to be paid in a single lump-sum on the Company’s next regular payroll date following the Effective Date of this Agreement;
(b) subject to the Executive’s copayment of premium amounts at the applicable active employees’ rate and the Executive’s proper election to receive benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall pay to the group health plan provider or the COBRA provider a monthly payment equal to the monthly employer contribution that the Company would have made to provide health insurance to the Executive if the Executive had remained employed by the Company until the earliest of (A) the nine (9) month anniversary of the Resignation Date; (B) the date that the Executive becomes eligible for group medical plan benefits under any other employer’s group medical plan; or (C) the cessation of the Executive’s health continuation rights under COBRA; provided, however, that if the Company determines that it cannot pay such amounts to the group health plan provider or the COBRA provider (if applicable) without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), then the Company shall convert such payments to payroll payments directly to the Executive for the time period specified above. Such payments, if to the Executive, shall be subject to
tax-related deductions and withholdings and paid on the Company’s regular payroll dates;
(c) the Company shall extend the post-employment exercise period with respect to the Executive’s stock options that are vested and exercisable as of the Resignation Date (the “Vested Options”) until the earlier of: (i) March 31, 2027; and (ii) the expiration date of the applicable option award pursuant to the Equity Documents (the “Extended Exercise Period”).
In consideration for, among other terms, the Separation Benefits set forth in Section 3 of this Agreement, to which the Executive acknowledges he would not otherwise be entitled, the Executive irrevocably and unconditionally releases and forever discharges the Parent, the Company and all of its and their affiliated and related entities, its and their respective predecessors, successors and assigns, employee benefit plans and the fiduciaries of such plans, and the current and former officers, directors, shareholders, employees, attorneys, accountants, fiduciaries and agents of each of the foregoing in their official and personal capacities (collectively referred to as the “Releasees”) generally from all claims, demands, debts, damages and liabilities of every name and nature, known or unknown, that, as of the date when the Executive signs this Agreement, he has, ever had, now claims to have or ever claimed to have had against any or all of the Releasees (“Claims”). This release includes, without limitation, the complete waiver and release of all Claims: arising in connection with or under the Employment Agreement, the Equity Documents, the Senior Executive Cash Incentive Bonus Plan and/or any other agreement between the Executive and any of the Releasees; of breach of express or implied contract; of wrongful termination of employment, whether in contract or tort; of intentional, reckless or negligent infliction of emotional distress; of breach of any express or implied covenant of employment, including the covenant of good faith and fair dealing; of interference with contractual or advantageous relations, whether prospective or existing; of deceit or misrepresentation; of discrimination or retaliation under federal, state or local law, including, without limitation, Title VII of the Civil Rights Act of 1964, 42 U.S.C. § 2000e et seq., as amended, the Americans with Disabilities Act, 42 U.S.C. § 12101 et seq., the Age Discrimination in Employment Act (ADEA), 29 U.S.C. § 621 et seq., and Chapter 151B of the Massachusetts General Laws; under any federal, state, local or foreign statute, rule, ordinance or regulation; of promissory estoppel or detrimental reliance; of violation of public policy; for wages, bonuses, incentive compensation, vacation pay or any other compensation or benefits, whether under the Massachusetts Wage Act, M.G.L. c. 149, §§148- 150C, or otherwise; for fraud, slander, libel, defamation, disparagement, personal injury, negligence, compensatory or punitive damages, or any other Claim for damages or injury of any kind whatsoever; and for monetary recovery, injunctive relief, attorneys’ fees, experts’ fees, medical fees or expenses, costs and disbursements; any and all claims under the New Jersey Law Against Discrimination (NJLAD) (with respect to existing but not prospective claims), the New Jersey Family Leave Act (NJFLA), the New Jersey Conscientious Employee Protection Act (NJCEPA), the New Jersey Wage Payment Law, the New Jersey Wage and Hour Law, retaliation claims under the New Jersey Workers' Compensation Law (NJWCL), the New Jersey Discrimination in Wages Law, the New Jersey Security and Financial Empowerment Act (SAFE Act), the New Jersey Temporary Disability Benefits Law, the New Jersey Earned Sick Leave Law. The Executive understands that this general release of Claims includes, without limitation, any and all Claims related to the Executive’s employment by the Company (including without limitation, any Claims against the Company in respect of any stock-based awards of any kind) and the termination of the Executive’s employment, and all Claims as a Company stockholder or option holder arising up to and through the date that the Executive signs this Agreement. The Executive understands that this general release does not extend to any rights or claims that may arise out of acts or events that occur after the date on which the Executive signs this Agreement, or to Claims that cannot be released as a matter of law. The Executive represents that he has not assigned to any third party and has not filed with any agency or court any Claim released by this Agreement. This release does not affect, impede, limit or waive the Executive’s rights or obligations under this Agreement, Executive’s rights to vested equity and benefits and/or the Executive’s
rights, if any, to indemnification and defense coverage, if any, including under any indemnification agreement between Executive and the Company, the Company’s bylaws, or applicable directors’ and officers’ or other insurance policies. Moreover, to the extent that any individual Releasee initiates legal action against the Executive, this release shall be null and void as against that Releasee and that Releasee alone.
(a) As provided in Section 5 of the Employment Agreement, this Agreement includes a one-year post-employment noncompetition agreement, which is entered into in connection with the cessation of the Executive’s employment and the provision of benefits set out in this Agreement;.
(b) Executive agrees that for the one year period after the Resignation Date, the Executive will not, whether paid or not: (i) serve as a partner, principal, licensor, licensee, employee, consultant, officer, director, manager, agent, affiliate, representative, advisor, promoter, associate, investor, or otherwise for, (ii) directly or indirectly, own, purchase, organize or take preparatory steps for the organization of, or (iii) build, design, finance, acquire, lease, operate, manage, control, work or consult for or otherwise join, participate in or affiliate himself with, any business whose business, products or operations constitute, in whole or in part, Conflicting Services (defined below) in the Restricted Territory (defined below). For the avoidance of doubt, nothing herein shall be construed to prevent Executive from serving in any capacity for an accounting firm, bank, investment bank, management consulting firm or other professional services firm that has any clients or prospective clients whose business, products or operations involved Conflicting Services. Should the Executive obtain other employment within 12 months immediately following the termination of the Executive’s relationship with Company, within at least three business days of Executive starting such employment the Executive agrees to provide written notification to Company as to the name and address of the Executive’s new employer and the position that the Executive expects to hold.
(c) The Parties agree that, for purposes of this Agreement, “Conflicting Services” means any product or service relating to using or applying RNA editing for therapeutic applications.
(d) The Executive agrees that for purposes of this Agreement, “Restricted Territory” means the geographic areas in which the Executive provided services for Company, during any time within the last two years prior to the Resignation Date.
(a) The Executive agrees that he will not communicate about his transition and departure with anyone, except as expressly provided herein, until after the Company has made a formal written announcement about the Executive’s transition and departure through a written communication that has been agreed to by the Executive (the “Company Announcement”), with such agreement by Executive not to be unreasonably withheld. For avoidance of all doubt, all such communications shall be subject to compliance with all applicable law and regulations. The Company and the Executive agree to communicate about the Executive’s departure in a way that is consistent with the Company Announcement; provided that the Executive may communicate with his tax advisors, attorneys, spouse and immediate family members about his departure before the Company Announcement, provided further that the Executive first advises such persons not to reveal information about the Executive’s departure and each such person agrees. In addition, the Executive agrees that following the Resignation Date, the Executive will promptly update any social media or electronic accounts (e.g., LinkedIn) to reflect that the Executive is no longer CFO of the Company.
(b) The Executive shall cooperate fully with any reasonable request of the Company in the defense or prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf of the Company which relate to events or occurrences that transpired while the Executive was employed by the Company. The Executive’s full and reasonable cooperation in connection with such claims or actions shall include, but not be limited to, being reasonably available to meet with counsel to prepare for discovery or trial and to act as a witness on behalf of the Company at mutually convenient times. During and after the Executive’s employment, the Executive also shall cooperate fully with the Company in connection with any investigation or review of any federal, state or local regulatory authority as any such investigation or review relates to events or occurrences that transpired while the Executive was employed by the Company. The Company shall reimburse the Executive for any reasonable out‑of‑pocket expenses incurred in connection with the Executive’s performance of obligations pursuant to this Section 8.
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IN WITNESS WHEREOF, the Parties, intending to be legally bound, have executed this Agreement on the date(s) indicated below.
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By: |
/s/ ▇▇▇ ▇▇▇▇▇ |
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Name: ▇▇▇ ▇▇▇▇▇ |
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Title: CEO |
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Date: 10/6/2025 |
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EXECUTIVE |
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/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ |
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ |
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Date: 10/7/2025 |
EXHIBIT A
Restrictive Covenants Agreement
Employee Proprietary Information and Inventions Assignment
Agreement
This Employee Proprietary Information and Inventions Assignment Agreement (the “Agreement”) is effective as of November 1, 2023 (the “Effective Date”) between me and Korro Bio, Inc., a Delaware corporation (together with any of its subsidiaries and other affiliates and its and their successors and assigns, “Korro”). As a material part of the consideration for my employment or continued employment by Korro and as a condition of my employment or continued employment by ▇▇▇▇▇ and the compensation and benefits that I am paid by ▇▇▇▇▇, I agree as follows:
(a) Definition. Proprietary information (“Proprietary Information”) means any non-public information of Korro in any form. I understand that all of the following types of non-public information of Korro on the list below are Proprietary Information and that such list is provided to help me better understand what constitutes Proprietary Information and is not a comprehensive list of all types of Proprietary Information:
(b) Use of Proprietary Information. Except as permitted by Section 8(f) of this Agreement, I will hold all
Proprietary Information in the strictest confidence, will not disclose to any person who is not a Korro employee, consultant, attorney or accountant, and except with the written permission of a duly authorized officer of Korro, will not use any Proprietary Information for the benefit of anyone (including myself) other than ▇▇▇▇▇. I will notify an officer of ▇▇▇▇▇ immediately if I become aware of any unauthorized use or disclosure of Proprietary Information. I assign to Korro any and all rights I may have or acquire in Proprietary Information and recognize that all Proprietary Information and all tangible materials containing Proprietary Information are and shall remain the sole property of Korro.
(c) Former Employer Information. I represent and warrant that my employment by Korro does not and will not breach any agreement with any of my former employers, including any non- compete agreement or any agreement or duty to keep in confidence or refrain from using information acquired by me prior to my employment by Korro. I will not improperly use, disclose or bring into Korro’s facilities or store on any Korro computer any non-public, confidential or proprietary information or trade secrets of any former employer or any other person or entity to whom I have an obligation to keep in confidence such information (“Former Employer Information”) without the express prior written consent of both such former employer, person or entity and Korro.
(d) Third Party Information. I understand that in the course of business from time-to-time ▇▇▇▇▇ receives confidential or proprietary information from third parties (“Third-Party Information”) and that such Third-Party Information may be subject to an agreement by Korro to maintain the confidentiality of such Third-Party Information and to use it only for certain limited purposes. I will hold Third-Party Information in the strictest confidence, and will not disclose or use Third-Party Information except as expressly permitted by the agreement between ▇▇▇▇▇ and such third party. If required by the terms of the agreement between ▇▇▇▇▇ and a third party, I will limit internal disclosure of Third-Party Information to other Korro personnel who need to know such information to perform his/her duties at Korro and who are aware of ▇▇▇▇▇’s agreement with such third party. I will notify an officer of ▇▇▇▇▇ immediately if I become aware of any unauthorized use or disclosure of Third-Party Information.
(e) Return of Korro Proprietary Information. Upon termination of my employment at Korro for any reason, or earlier upon ▇▇▇▇▇’s request at any time, I will deliver to Korro all Proprietary Information and all materials, documentation and other properties of Korro, as well as any copies, extracts, summaries or derivative works thereof, and any other materials that may embody or contain any Proprietary Information or Third-Party Information, in my possession or under my control, including without limitation, those records maintained by me pursuant to Section 3(e), except that I may keep personal copies of (i) my compensation records, (ii) materials distributed to stockholders generally and (iii) this Agreement. I also recognize and agree that I have no expectation of privacy with respect to ▇▇▇▇▇’s telecommunications, networking or information processing systems (including without limitation, stored computer files, email messages and voice messages) and that my activity and any files or messages on or using any of those systems may be subject to inspections or monitoring by ▇▇▇▇▇’s personnel at any time without notice. If I perform any work for Korro or related to my employment using a personal computer or storage device, I agree to notify Korro of such use. Immediately upon termination of employment or request by ▇▇▇▇▇, I will follow ▇▇▇▇▇’s instructions to enable Korro personnel to remove any Proprietary Information from such computer or storage device, by the methods or processes directed by ▇▇▇▇▇. Under no circumstance will I take any Proprietary Information or Third Party Information with me when I leave Korro. If requested, I will certify in writing to Korro that I have complied with the obligations under this Section 2(e) within 10 days of ▇▇▇▇▇’s request.
(a) Inventions. As used in this Agreement, the term “Inventions” means any ideas, concepts, information, materials, methods, processes, data, programs, know-how (including without limitation negative know-how), improvements, discoveries, developments, formulae, media, protocol, assays, specifications, designs, artwork, and other copyrightable work and techniques, together with all Intellectual Property Rights in any of the items listed above. The term “Intellectual Property Rights” means all trade secrets rights, copyrights, trademark rights, patent rights and other intellectual property rights recognized at any time by the laws (including statutes and common law) of any state, country or other jurisdictions.
(b) Inventions Retained and Licensed. I represent and agree that I have listed on Exhibit A to this Agreement, in a manner that does not violate any third party rights, a complete list of all Inventions that I conceived, reduced to practice, created, or otherwise developed prior to my employment with Korro (collectively referred to as “Prior Inventions”), that belong to me (solely or jointly) and that relate to ▇▇▇▇▇’s existing or reasonably contemplated business, products or research and development, and that are not assigned by me to Korro under this Agreement. If I have not listed any Prior Inventions on Exhibit A, I represent and warrant that there are no Prior Inventions. Without limiting any of the other provisions in this Agreement or Korro’s other rights and remedies, if in the course of my employment with Korro, I incorporate into a Korro product compound, product, candidate, method, process, database, program or service a Prior Invention owned by me or in which I have an interest, or if I disclose to Korro my own or any third party’s confidential information or intellectual property (or if the performance of my work at Korro requires the incorporation of such Prior Inventions), Korro shall have and I hereby ▇▇▇▇▇ ▇▇▇▇▇ a nonexclusive, royalty-free, fully paid-up, irrevocable, perpetual, freely sublicensable and transferable through multiple tiers, worldwide right and license to use Prior Inventions and all such confidential information and intellectual property rights for any purpose whatsoever, including but not limited to, the right to make, have made, modify, use, import, offer for sale, sell, copy, reproduce, distribute, reverse engineer, decompile, publicly display on any media and prepare derivative works of such Prior Invention as part of or in connection with the research, development or commercialization of such product, compound, product, candidate, method, process, database, program or service, and to practice any method related thereto.
(c) Korro Inventions. The term “Korro Inventions” means any and all Inventions, whether or not patentable or registrable under copyright or similar statutes, that I may make, create, conceive, or reduce to practice, or cause to be made, created, conceived or reduced to practice, either solely or jointly with others, during my term of employment with Korro.
(d) Assignment of Korro Inventions. I will promptly disclose all Korro Inventions to Korro. I hereby irrevocably and unconditionally assign to Korro Bio Ops, Inc., or its designee, and agree never to assert against Korro, all my right, title, and interest in and to any and all Korro Inventions. I understand and agree that the decision whether or not to commercialize or market any Korro Invention is within Korro’s sole discretion and for Korro’s sole benefit and that no royalty will be due to me as a result of Korro’s efforts to commercialize or market any such Korro Invention. I understand that this Agreement does not require my assignment to Korro of an Invention which qualifies fully for protection under Section 2870. During my employment at Korro, I will promptly and fully disclose to ▇▇▇▇▇ in writing of any Inventions made during my employment at Korro that I believe meet the criteria in Section 2870 and were not otherwise disclosed on Exhibit A.
(e) Korro Inventions Assigned to the United States or Third Party. If requested by ▇▇▇▇▇, I will assign to any third party designated by ▇▇▇▇▇, including the United States government, all my right, title, and interest in and to any particular Korro Invention.
(f) Works for Hire. I acknowledge that all original works of authorship which are made by me (solely or jointly with others) within the scope of my employment and which are protectable by copyright are “works made for hire,” pursuant to United States Copyright Act (17 U.S.C., Section 101).
(g) Maintenance of Records. I will comply with all policies and procedures of Korro relating to disclosure, documentation, storage, retention and corroboration of inventive and creative activity with which I may be
involved, and I will keep and maintain adequate and current records of all Inventions made by me during the period of my employment by ▇▇▇▇▇. The records will be available to and remain the sole property of Korro at all times.
(h) Cooperation. I will assist ▇▇▇▇▇ in every way both during and after my employment with ▇▇▇▇▇ to obtain, maintain, enforce and defend Intellectual Property Rights arising from Korro Inventions in any and all countries, states and other jurisdiction. I will execute, verify and deliver such documents and perform such other acts (including appearances as a witness) as ▇▇▇▇▇ may reasonably request for use in applying for, obtaining, sustaining, enforcing and defending such Intellectual Property Rights relating to Korro Inventions. I hereby irrevocably designate and appoint ▇▇▇▇▇ and each of its duly authorized officers, employees and representatives as my agent and attorney-in-fact, coupled with an interest and with full power of substitution, to act for and on my behalf to execute and file any document and to do all other lawfully permitted acts to further the purposes of the foregoing with the same legal force and effect as if executed, filed or done by me. My obligation to assist ▇▇▇▇▇ under this Section 3(h) in obtaining and enforcing Intellectual Property Rights and protections relating to Korro Inventions will continue beyond the termination of my employment, but Korro will compensate me at a reasonable rate for the time actually spent by me at ▇▇▇▇▇’s request on such cooperation after my termination of employment.
(a) Entire Agreement. This Agreement supplements and does not supersede any other confidentiality,
assignment of inventions or restrictive covenant agreement between Korro and me (collectively, “Prior Confidentiality Agreements”), provided that any Prior Confidentiality Agreements will be interpreted consistently with Section 8(f) of this Agreement. To the extent that there is any conflict between this Agreement and any other confidentiality, assignment of inventions or restrictive covenant agreement between Korro and me, this Agreement shall govern. To the extent that this Agreement addresses other subject matters, this Agreement supersedes any previous oral or written communications, representations, understandings or agreements with Korro or any officer or representative of Korro regarding such subject matters.
(b) Binding Agreement. This Agreement shall survive the termination of my employment at Korro and shall inure to the benefit of the subsidiaries, successors and assigns of Korro and shall be binding upon my heirs, executors, assigns and administrators.
(c) Severability; Waiver. To the extent that any word, phrase, clause, or sentence in this Agreement is found to be illegal or unenforceable to the maximum extent for any reason, such illegal or unenforceable portion(s) shall be modified or deleted to the minimum extent required so as to make the Agreement, as modified, legal and enforceable under applicable laws. No waiver of any right or remedy under this Agreement will be binding on Korro unless it is in writing and has been signed by an authorized officer of Korro.
(d) Attorney’s Fees. If I violate this Agreement, in addition to all other remedies available to Korro at law, in equity and under contract, I agree that I am obligated to pay all of Korro’s costs of enforcing this Agreement, including attorneys’ fees, costs and expenses; however, if I reside in and am subject to the law of a state that would convert this recovery of attorneys’ fees provision to a reciprocal obligation or an obligation where the prevailing party would recover fees and costs, then such recovery of attorneys’ fees and costs provision shall not apply and each party will bear their own attorneys’ fees and costs.
(e) Governing Law. This Agreement shall be governed by the laws of the Commonwealth of Massachusetts, without regard to its choice of law provisions. Any claim arising under this Agreement will be submitted to the exclusive jurisdiction of the U.S. federal or Commonwealth of Massachusetts state courts and I hereby submit to, and waive any objection to, personal jurisdiction and venue in these courts for the resolution of any Claim.
(f) Modifications. This Agreement may not be changed, modified, released, discharged, abandoned, or otherwise amended, in whole or in part, except in writing and signed and delivered by me and a duly authorized officer of Korro.
(g) Protected Disclosures; Defend Trade Secrets Act of 2016. I understand that nothing contained in this Agreement, any other agreement with Korro, or any Korro policy limits my ability, with or without notice to Korro, to: (i) file a charge or complaint with any federal, state or local governmental agency or commission (a “Government Agency”), including without limitation, the Equal Employment Opportunity Commission, the National Labor Relations Board or the Securities and Exchange Commission; (ii) communicate with any Government Agency or otherwise participate in any investigation or proceeding that may be conducted by any Government Agency, including by providing non-privileged documents or information; (iii) exercise any rights under Section 7 of the National Labor Relations Act, which are available to non-supervisory employees, including assisting co-workers with or discussing any employment issue as part of engaging in concerted activities for the purpose of mutual aid or protection; (iv) share compensation information concerning myself or others (provided that this does not permit me to disclose compensation information concerning others that I obtain because my job responsibilities require or allow access to such information); (v) discuss or disclose information about unlawful acts in the workplace, such as harassment or discrimination or any other conduct that I have reason to believe is unlawful; or (vi) testify truthfully in a legal proceeding. Any such communications and disclosures must not violate applicable law and the information disclosed must not have been obtained through a communication that was subject to the attorney-client privilege (unless disclosure of that information would otherwise be permitted consistent with such privilege or applicable law). I further understand that pursuant to the federal Defend Trade Secrets Act of 2016, I shall not be held criminally or civilly liable under any federal
or state trade secret law for the disclosure of a trade secret that (a) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (b) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.
9. Employment at Will. I understand and acknowledge that my employment with Korro is for an unspecified duration and constitutes “at-will” employment, and that my obligations under this Agreement will continue in accordance with its express terms regardless of any changes in my title, position, duties, salary, compensation or benefits or other terms and conditions of employment. I also understand that any representation to the contrary by anyone is unauthorized and invalid unless in writing and signed by a duly authorized officer of Korro. I acknowledge that I have the right to resign and ▇▇▇▇▇ has the right to terminate my employment at any time, for any or no reason, with or without cause, by me or by ▇▇▇▇▇, with or without notice. In addition, this Agreement does not purport to set forth all of the terms and conditions of my employment, and, as an employee of Korro, I may have rights from and obligations to Korro that are not set forth in this Agreement. However, the terms of this Agreement shall control over any inconsistent terms in any other agreement or document.
I HAVE READ THIS AGREEMENT CAREFULLY AND I UNDERSTAND AND ACCEPT THE OBLIGATIONS WHICH IT IMPOSES UPON ME WITHOUT RESERVATION. NO PROMISES OR REPRESENTATIONS HAVE BEEN MADE TO ME TO INDUCE ME TO SIGN THIS AGREEMENT. I SIGN THIS AGREEMENT VOLUNTARILY AND FREELY.
ACCEPTED AND AGREED TO:
EMPLOYEE:
Dated: |
11/1/2023 |
(Signature) |
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ |
(Print Name) |
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ |
(Address) |
▇▇ ▇▇▇▇▇▇ ▇▇. Apt. 2504 |
Korro Bio:
Dated: |
11/2/2023 |
(Signature) |
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ |
(Print name) |
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ |
(Title) |
Senior Vice President and General Counsel |
(Address) |
▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇-▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ |
EXHIBIT A
PRIOR INVENTIONS
[ X ] I represent that I have NO Prior Inventions to disclose.
[ X ] I represent that I have DO HAVE Prior Inventions to disclose to ▇▇▇▇▇ and I further represent and warrant that that the following is a complete list of those Prior Inventions relevant to the subject matter of my employment by ▇▇▇▇▇ that have been conceived, reduced to practice, created, or otherwise developed by me alone or jointly with others prior to my engagement by ▇▇▇▇▇. To the extent that there are any issued patents or pending patent applications, or any copyright registrations or pending copyright registration applications, covering a Prior Invention listed below, I have included the applicable patent or copyright registration number, or the number of the applicable pending application, along with such Prior Invention. [Note to Employee: If a pending patent application number is confidential information of your prior employer and has not been made publicly available, you are required to state that such an application has been filed and identify the country wherein filed, but you are not required to identify the patent application number.]
List of my Prior Inventions:
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[ ] Additional sheets attached.
[ X ]I have NO materials of any former employer.
[ X ]I have NO documents of any former employer.
[ X ]I propose to bring to my employment at Korro the following devices, materials and documents of my former employer, listed in a manner that does not violate the rights of my former employer, which materials and documents are not generally available to the public and may be used in my employment pursuant to the express written authorization of my former employer (a copy of which is attached hereto):
List of Documents and Materials of Former Employer:
[ ]Additional sheets attached.
EMPLOYEE:
Dated: |
11/1/2023 |
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