Separation and Mutual Release Agreement (January 18th, 2008)
THIS SEPARATION AND MUTUAL RELEASE AGREEMENT (this Agreement) is entered into by and among DR. ROBERT F. BURNS (the Executive), with an address at The Garden House, Red Copse Lane, Boars Hill, Oxford, OX1 5ER, United Kingdom; and CELLDEX THERAPEUTICS, INC. (the Employer), with its principal place of business located at 222 Cameron Drive, Suite 400, Phillipsburg, New Jersey 08865, and together with its parents, divisions, affiliates, and subsidiaries and their respective officers, directors, employees, shareholders, members, partners, plan administrators, attorneys, and agents, as well as any predecessors, future successors or assigns or estates of any of the foregoing (collectively referred to herein as the Company).
Medarex – December 20, 2006 (December 28th, 2006)
Medarex, Inc. (Medarex) has previously granted to you the stock options set forth on the attached Exhibit A (the Options) to purchase shares of Medarexs common stock. Medarex and you hereby agree to certain amendments to your Options on the terms and conditions set forth in this letter agreement.