Re: Cooperation and Consulting AgreementConsulting Agreement • August 15th, 2016 • Stemcells Inc • Biological products, (no disgnostic substances) • California
This letter therefore sets forth our agreement concerning the scope, terms and conditions of the engagement of you by the Company as a consultant. You are being engaged as an independent contractor, and nothing in this letter creates an employer-employee relationship between the Company and you after your Separation Date.
Dear Ian Massey: As you know, StemCells, Inc. (the “Company” or “StemCells”) has terminated its Phase II Pathway Study and has begun a wind down of the Company’s operations. The Company has determined that both your continued employment and...Separation Agreement and Release of Claims • August 15th, 2016 • Stemcells Inc • Biological products, (no disgnostic substances) • California
This letter supersedes any and all separation, severance and salary continuation arrangements, programs and plans which were previously offered by StemCells, Inc., and in particular supersedes and terminates section 7 of your Employment Agreement, dated March 6, 2015 (collectively, the “Superseded Agreement”). In other words, by your counter-signature below, you agree that you will not receive, and release all entitlement to, any payments and other benefits provided for under the Superseded Agreement, except as otherwise provided herein.
TRUST AGREEMENTTrust Agreement • August 15th, 2016 • Stemcells Inc • Biological products, (no disgnostic substances) • California
This Trust Agreement (the “Trust Agreement”) is entered into as of June 16, 2016 (the “Effective Date”) by and between StemCells, Inc., a Delaware corporation (the “Company”) and David A. Bradlow (the “Trustee”).
