July 30, 2018 Edgardo Baracchini, Ph.D. RE: Transition and Separation Agreement2016 Agreement • August 7th, 2018 • Xencor Inc • Pharmaceutical preparations
This letter sets forth the terms and conditions of our agreement (“Agreement”) regarding the separation of your employment with Xencor, Inc. (the “Company”). As discussed, the Company accepts your resignation effective August 15, 2018. Until such time, you will continue to serve in your current capacity. This Agreement will become effective on the “Effective Date” as defined in Section 5 herein. Other than as specifically noted herein, this Agreement supersedes all prior employment-related agreements between you and the Company, including but not limited to the Employment Agreement between you and the Company dated September 5, 2013, as amended by that certain Severance Agreement (the “2016 Agreement”) between you and the Company dated July 29, 2016 (collectively, the “Employment Agreement”).
