EMPLOYMENT AGREEMENTEmployment Agreement • July 1st, 2014 • Liposcience Inc • In vitro & in vivo diagnostic substances • North Carolina
This EMPLOYMENT AGREEMENT (this “Agreement”) is entered into as of March 22, 2013 (the “Effective Date”), by and between E. DUFFY MCDONALD (“Employee”) and LIPOSCIENCE, INC. (the “Company”). This Agreement supersedes and replaces in its entirety all prior offer letters, employment agreements and severance benefits rights agreements between the Company and Employee , including but not limited to that certain Agreement effective as of November 7, 2003 and that certain agreement dated May 14, 2011 (collectively, the "Prior Agreements"). However, this Agreement does not in any way replace or supersede the Confidentiality, Inventions and Non-Competition Agreement between the Company and the Employee dated November 14, 2003 which remains in full force and effect (the “Proprietary Agreement”).
