EX-10.1
from 8-K
4 pages
April 1, 2016 Diana F. Hausman, M.D. C/O Oncothyreon Inc. 2601 Fourth Ave., Suite 500 Seattle, Wa 98121 Re: Resignation From Oncothyreon Inc. Dear Diana: This Letter Agreement States the Understanding and Agreement Between You and Oncothyreon Inc. (The “Company”) With Respect to Your Resignation From the Company. the Agreement Between You and the Company Is as Follows: 1. Resignation. You Voluntarily Resign From the Company Effective April 1, 2016 (The “Separation Date”). 2. Severance Obligations. (A) Accrued Obligations. the Company Will Pay You (I) Earned Salary, (II) Any Accrued but Unused Vacation, and (III) Reimbursement of Any Outstanding Expenses After Receiving the Customary and Necessary Substantiation, in Each Case, as of the Separation Date. (B) Exercise of Option Awards. Subject to Section 3 Below, All of Your Vested and Exercisable Options as of the Separation Date Shall Continue to Be Exercisable Until 5:00 Pm (Pacific Daylight Time) on June 30, 2016
12/34/56