EX-10.1
from 8-K
2 pages
Annual Bonus Plan: You Will Be Eligible to Participate in the Biogen Annual Bonus Plan, With a Target Bonus Opportunity of 80% of Your Annual Base Salary. Based Upon Your Promotion Date, Your Target Bonus Amount May Be Pro-Rated. Eligibility Details and Other Terms of the Plan Are Included in the Current Year’s Plan Document, Which Are Available on Biogenconnect. Long-Term Incentive Plan: You Will Be Eligible for an Annual Award in 2025 With a Target Value of $3,750,000. This Award Will Be Granted in Accordance With the Terms of the Lti Plan in Place at the Time of the Grant. Your Employment at Biogen Continues to Be Employment At-Will. This Means That Just as You Are Free to Leave Your Employment at Any Time, With or Without Cause or Notice, Biogen Also Has the Same Right to Terminate Your Employment at Any Time, With or Without Cause or Notice. in Addition to Agreeing to and Signing This Appointment Letter, Please Also Sign the Attached Employee Proprietary Information and Inventions and Non-Compete Agreement, as With This Appointment, You Will Become an Executive Officer of the Company. Finally, Outlined Below Are the Additional Benefits You Are Eligible for as an Evp, Some of Which You Are Already Eligible for as a Vp+ Executive: Additional Executive Benefits Vacation: You Are Entitled to Vacation Days Based on Years of Service Measured From Your Hire Date at Biogen
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