As of December 20, 2002 Leonard S. Schleifer, M.D., Ph.D. President and Chief Executive Officer, Regeneron Pharmaceuticals, Inc. 777 Old Saw Mill River Road Tarrytown, New York 10591-6707 Dear Len:Regeneron Pharmaceuticals Inc • March 31st, 2003 • Pharmaceutical preparations • New York
This employment agreement will replace and update the agreement dated February 12, 1998 between Regeneron Pharmaceuticals, Inc. (“Regeneron” or the “Company”) and you. The compensation obligations of the Company under this agreement (the “Agreement”) will be reduced by any amounts actually paid by any affiliate, subsidiary, and related entity controlled by or under common control with the Company (“Related Entity”).
