EX-10.6
from 8-K
26 pages
Whereas J&J Intends to Preserve Its Ability to Evaluate Strategic Options With Respect to Its Remaining Ownership Interest in the Company After the Ipo Consistent With Its Rights and Obligations Under the Separation Agreement, Including Pursuant to Section 5.02 Thereunder After the Separation Date (As Defined in the Separation Agreement); and Whereas J&J and the Company Desire to Make Certain Arrangements to Provide J&J With Registration Rights With Respect to the Shares of the Common Stock Beneficially Owned by J&J. Now, Therefore, in Consideration of the Mutual Agreements, Provisions and Covenants Contained in This Agreement, the Parties, Intending to Be Legally Bound, Hereby Agree as Follows: Section 1. Effectiveness of Agreement. 1.1 Effective Time. This Agreement Shall Become Effective Upon the Separation Closing (As Defined in the Separation Agreement) (The “Effective Time”)
12/34/56
EX-10.1
from 10-Q
5 pages
2. as Explained Below, You Will Be Eligible to Receive Either Basic Severance Pay or Enhanced Severance Pay, but Not Both. if You Do Not Enter Into This Agreement, on the Separation Date You Will Be Entitled to Basic Severance Pay Under the Severance Pay Plan of Johnson & Johnson and U.S. Affiliated Companies (The “Plan”), Subject to the Terms and Conditions of the Plan. if You Do Enter Into This Agreement (By Signing It and Not Revoking It in the Time Periods Specified Below), on the Separation Date You Will Be Entitled to Enhanced Severance Pay (Instead of Basic Severance Pay) Under the Plan and Supplemental Severance Pay, Subject to the Terms and Conditions of the Plan (Including, Without Limitation, Article 10 Thereof; “Internal Revenue Code Section 409a”) and This Agreement. Total Gross Amount of Your Basic Severance Pay (Applicable if You Do Not Enter Into This Agreement): 4 Weeks at $20,625.00 Per Week = $82,500.00. Total Gross Amount of Your Enhanced Severance Pay (Applicable if You Do Enter Into This Agreement): 52 Weeks at $20,625.00 Per Week = $1,072,500.00 Total Gross Amount of Your Supplemental Severance Pay (Applicable if You Do Enter Into This Agreement): 52 Weeks at $192,307.69 Per Week = $10,000,000.00
12/34/56