Drivenbyscience.Focusedonlife
iNfEDIV-\.TION
Drivenbyscience.Focusedonlife.
November15,2012
HAND-DELIVERED
BradleyS.Pruitt
2AlhambraStreet#203 SanFrancisco,CA94123
Re:TransitionandSeparationAgreement
DearBradley:
Thislettersetsforththetermsofthetransitionandseparationagreement(the"Agreement")thatMedivation,Inc.(the"Company")isofferingtoyoutoaidinyouremploymenttransition.
1.SeparationDateandTransitionPeriodEmployment.
(a)TransitionPeriod.Asdiscussed,if,onorwithintwenty-one (21)days,yousign,date,andreturnthisfullysignedAgreementtotheCompany,andsubsequentlyyoudonotrevokeit,theCompanywillcontinueyourat-willemploymentfromthedateofthisletterthroughnolat_erthanFebruary28,2013(the"TransitionPeriod")underthetermssetforthinthisAgreement.DuringtheTransitionPeriod,youmustremainavailabletoanswerquestionsor provide otherreasonabletransition assistanceasmayberequestedbytheCompany;however,youwillnotbeexpectedtocomeintoorworkfromtheCompany'sofficesunlessspecificallyrequestedbyyourmanager. Youmayseeknewemploymentorotherbusinessopportunities,andifyouobtainsuchanewrelationshippriortoFebruary28,2013,theTransitionPeriod(andyouremployment)will endonsuchearlierdate.Ofcourse,youwillnotcommenceanysuchnewrelationship(includingbutnotlimitedtoenterintoanyconsulting arrangements) while youremainemployedbytheCompanyunlessyouobtainadvancewrittenconsentfrommeoranotherofficeroftheCompany,andyouwillnotengageinanycompetitivebusinessactivity.YouarefreetoterminateyouremploymentwiththeCompany(andtheTransitionPeriod)atanytimeuponnoticetotheCompany.DuringtheTransitionPeriod,youmustcontinuetofullycomplywithallofyourlegalandcontractualobligationstotheCompany,includingcomplyingwiththisAgreementandtheConfidentialInformationAgreement(asdefinedbelow),andcomplyingwithallCompanypoliciesandnotengaginginanymisconduct; andifyoufailtocomplywiththesecontinuingobligations(includinganybreachofthisAgreementortheConfidentialInformationAgreement),theCompanycanacceleratetheSeparationDateandyouwillnotbeeligiblefortheoutplacementassistance(discussedinSection4).Ifnotterminatedearlier,theTransitionPeriod(andyouremploymentwiththeCompany)willendautomaticallyonFebruary28,2013.Thedatethatyouremploymentterminatesisreferredtohereinasthe"SeparationDate."
(b)CompensationandBenefitsDuringTransitionPeriod.DuringtheTransitionPeriod,theCompanywillcontinuetopayyourbasesalaryatyourcurrentrateof
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$16,333.33permonth.ThesecontinuedsalarypaymentswillbepaidontheCompany'snormal payrollschedulebeginningwiththefirstpayrolldatefollowingtheEffectiveDateofthisAgreement(asdefinedinSection15(d)),andwillbesubjecttostandardpayrolldeductionsandwithholdings.Youwillnotearnorbeeligibleforconsiderationofabonusorotherincentive compensationfor2013.Inaddition,duringtheTransitionPeriod,youwillcontinuetoparticipateintheemployeebenefitplansinwhichyouarecurrentlyenrolled,subjecttothetermsandconditionsofthebenefitplans,withtheexceptionthateffectiveasofNovember15,2012,youwillceasetoaccrueanyadditionalpaidtimeoff("PTO").YourPTObalance as ofNovember15 isatotalof77.60hoursofPTOand,onorpromptlyafterNovember15,2012,theCompanywillpay-outyourfullPTObalance.Notwithstandingtheforegoing,ifyouworkmorethanthirty(30)hoursduringtheTransitionPeriod,youwillaccruepaidsickleaveinaccordance withtheSan FranciscoPaidSickLeaveOrdinance.
(c) SeparationDateIfYouDoNoEnterIntoThisAgreement. IfyoudonottimelyenterintothisAgreement,orifyousigntheAgreementandsubsequentlyrevokeit,youremploymentwillterminateeffectiveasofNovember15,2012(whichwillthenbethe"SeparationDate").
2.FinalAccruedSalary.OntheSeparationDate,theCompanywillpayyouallaccruedbasesalaryearnedbyyouthroughthatdate,lessstandardpayrolldeductionsandwithholdings.YouareentitledtothispaymentbylawandyouwillreceiveitregardlessofwhetheryouenterintothisAgreement.
3.HealthInsurance.TotheextentprovidedbythefederalCOBRAlawor, ifapplicable,stateinsurancelaws(collectively,"COBRA"),andbytheCompany'scurrentgrouphealthinsurancepolicies,youwillbeeligibletocontinueyourgrouphealthinsurancebenefits aftertheSeparationDate.Later,youmaybeabletoconverttoanindividualpolicythroughtheprovideroftheCompany'shealthinsurance,ifyouwish.Youwillbeprovidedwithaseparate noticedescribingyourrightsandobligationsunderCOBRAlawsonoraftertheSeparationDate. YouwillbesolelyresponsibleforthepaymentofyourCOBRApremiums,ifyouelectCOBRA coverage.
4.OutplacementAssistance.AspartofthisAgreement,theCompanyalsowillprovideyouwithoutplacementassistancethroughathirdparty.Thisbenefitwillbediscussed withyoubyMonicaJenkins.
5.StockOptions.Vestingofyouroutstandingstockoptionsandanyotherequity awards(the"Options")willcontinueduringtheTransitionPeriod,andvestingwillceaseontheSeparationDateatwhichtimeyourunvestedoptionsshallterminate.YourOptions,including yourrightstoexercisevestedoptions,ifany,aregovernedbythetermsofyouroperative agreementswiththeCompanyandtheapplicableequityplan.
6.NoOtherCompensationorBenefits. You acknowledge that, except asexpresslyprovidedinthisAgreement,youhavenotearnedandwillnotreceivefromtheCompanyanyadditional compensation,severance,orbenefitsonoraftertheSeparationDate, withtheexceptionofanyvestedbenefitsyoumayhaveunderthe expresstermsofawritten
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BRISA-qualifiedbenefitplan(e.g.,401(k)account)oranyvestedoptions(iftimelyexercisedbyyou).
7.ExpenseReimbursement.Youagreethat,nolaterthanDecember15,2012,youwillsubmityourfinaldocumentedexpensereimbursementstatementreflectingallbusinessexpensesyouincurredthroughNovember15,2012,ifany,forwhichyouseekreimbursement.TheCompanywillreimburseyouforsuchexpensespursuanttoitsregularbusinesspracticeandpolicies.YoucannotincuranybusinessexpensesduringtheTransitionPeriod,unlessyoufirstobtainapprovalfromyourmanageroranofficeroftheCompany.
8.ReturnofCompanyProperty.Youagreetoreach outto me to discuss thereturntotheCompany,nolaterthanthecloseofbusinessonNovember19,2012,allCompanydocuments(andallcopiesthereof)andotherpropertyoftheCompanyinyourpossessionor control,including,butnotlimitedto,Companyfiles,notes,correspondence,memoranda,notebooks,drawings,records,reports,lists,compilationsofdata,proposals,agreements,drafts,minutes,studies,plans,forecasts,purchaseorders,financialandoperationalinformation,productandtraininginformation,researchanddevelopmentinformation,clinicaltrialinformation,salesandmarketinginformation,personnelandcompensationinformation,vendorinformation,promotionalliteratureandinstructions,productspecificationsandmanufacturinginformation,computer-recordedinformation,electronicinformation(includinge-mail and correspondence),othertangiblepropertyandequipment(including,butnotlimitedto,computerequipment,PDAs,facsimilemachines,andcellulartelephones),creditcards,entrycards,identificationbadgesand keys;andanymaterialsofanykindthatcontainorembodyanyproprietaryorconfidentialinformationoftheCompany(andallreproductionsthereofinwholeorinpart).Youagreethatyouwillmakeadiligentsearchtolocateanysuchdocuments,propertyandinformationwithinthistiming.Inaddition,ifyouhaveusedanypersonallyownedcomputer,server,e-mailsystem,mobilephone,orportableelectronicdevice(e.g.,BlackBerry), (collectively, "PersonalSystems")toreceive,store,prepareortransmitanyCompanyconfidentialorproprietarydata,materialsorinformation,thenwithinthesametimingasspecifiedabove,youwillprovidetheCompanywithacomputer-useablecopyofallsuchinformationandthenpermanentlydeleteand expungeallsuchCompanyconfidentialorproprietaryinformationfromsuchPersonalSystemswithout retaininganycopyorreproductioninanyform.YouagreetoprovidetheCompanyaccesstoyourPersonalSystems,asrequested,forthepurposeofverifyingthattherequiredcopyingand/ordeletionis completed.Yourtimelycompliancewiththeprovisionsofthisparagraph is acondition oftheTransition Period employment underthisAgreement.
9.ProprietaryInformationObligations.YouacknowledgeandreaffirmyourcontinuingobligationstotheCompanyunderyourConfidentialInformationandInventionAssignmentAgreement(the"ConfidentialInformationAgreement"),asignedcopyofwhichisattachedheretoasExhibitA.
10.Confidentiality.TheprovisionsofthisAgreementwillbeheld instrictestconfidencebyyouandwillnotbe publicizedordisclosedinanymannerwhatsoever; provided,however,that:(a)youmaydisclosethisAgreementinconfidencetoyourimmediatefamily;(b)youmaydisclosethisAgreementinconfidencetoyourattorneys,accountants,auditors,tax
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preparers,andfinancialadvisors;and(c) youmaydisclosethisAgreementinsofarassuchdisclosuremaybenecessarytoenforceitstermsorasotherwiserequiredbylaw.Inparticular,andwithoutlimitation,youagreenottodisclosetheexistenceortermsofthisAgreementtoanycurrentorformerCompanyemployee,contractororconsultant.
11.EmploymentReferences.TheCompany agreesthatitwillrespondtorequestsforemploymentreferencesfromprospectiveemployersbyprovidingthefollowinginformationonly: datesofyouremployment;positiontitle;and,ifauthorizedbyyouinwriting,yourbasesalaryrate.YouagreetodirectprospectiveemployerstotheCompany'sHumanResourcesdepartmentforsuchreferences.
12.MutualNondisparagement.YouagreenottodisparagetheCompanyanditsofficers,directors,employees,shareholdersandagents,inanymannerlikelytobeharmfultothemortheirbusiness,businessreputationsorpersonalreputation,and theCompanyagreestodirectitsofficersanddirectorsnottodisparageyouinanymannerlikelytobeharmfultoyouoryourbusinessreputationorpersonalreputation;providedthatallpartiesmayrespondaccuratelyandfullytoanyinquiry orrequestforinformationinthecourse ofagovernmentinvestigationorasrequiredbycompulsionoflaw(includingasrequiredbyasubpoena).
13.NoVoluntaryAdverseAction;andCooperation.Youagreethatyouwillnot voluntarilyprovideassistance,informationoradvice,directlyorindirectly(includingthroughagentsorattorneys),toanypersonorentityinconnectionwithanyproposedor pendinglitigation,arbitration,administrativeclaim,causeofaction,orotherformalproceedingofany kindbroughtagainsttheCompany,itsparentorsubsidiaryentities,affiliates,officers,directors, employeesoragents,norshallyouinduceorencourageanypersonorentitytobringanysuchclaims;providedthatyoumayrespondaccuratelyandfullytoanyquestion,inquiryorrequestforinformationwhenrequiredbylegalprocess(e.g.,avalid subpoenaorothersimilar compulsionoflaw)oraspartofagovernmentinvestigation.Inaddition,youagreetocooperatefullywiththeCompanyinconnectionwithitsactualorcontemplateddefense,prosecution,orinvestigationofanyclaimsordemandsbyoragainstthirdparties,orothermattersarisingfromevents,acts,orfailurestoactthatoccurredduringtheperiodofyouremploymentbythe Company.Suchcooperationincludes,withoutlimitation,makingyourselfavailabletotheCompanyuponreasonablenotice,withoutsubpoena,toprovidecomplete,truthfulandaccurateinformationinwitnessinterviews,depositions,andtrialtestimony.TheCompanywillreimburseyouforreasonableout-of-pocketexpensesyouincurinconnectionwithanysuchcooperation(excludingforgonewages,salary,orothercompensation)andwillmakereasonableeffortsto accommodate yourschedulingneeds.Inaddition,youagreetoexecutealldocuments(ifany) necessarytocarryoutthetermsofthisAgreement.
14.NoAdmissions.NothingcontainedinthisAgreementshallbeconstruedasanadmissionbyyouortheCompanyofanyliability,obligation,wrongdoingorviolationoflaw.
15.ReleaseofClaims.
(a)General Release.In exchange for the consideration provided to you underthisAgreementtowhichyouwouldnototherwisebeentitled,includingbutnotlimitedto
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theTransitionPeriodemploymentandtheoutplacementassistance,andexceptasotherwisesetforthinthisAgreement,youherebygenerallyandcompletelyreleasetheCompany,itsparentandsubsidiaryentities,anditsandtheircurrentandformerdirectors,officers,employees,shareholders, partners,agents,attorneys, predecessors, successors, insurers, affiliates, andassigns(collectively,the"ReleasedParties")ofandfromanyandallclaims,liabilitiesandobligations,bothknownandunknown,thatariseoutoforareinanywayrelatedtoevents,acts,conduct,oromissionsoccurringpriortooron thedateyousignthisAgreement(collectively,the"Released Claims").
(b)ScopeofRelease. TheReleased Claimsinclude,butarenotlimitedto:
(i)allclaimsarisingoutoforinanywayrelatedtoyouremploymentwiththeCompany,ortheterminationofthatemployment;(ii)allclaimsrelatedtoyourcompensationorbenefitsfromtheCompany,includingsalary,bonuses,commissions,vacationpay,expensereimbursements,severancepay,fringebenefits,stock,stockoptions,oranyotherownershipinterestsintheCompany;(iii)allclaimsforbreachofcontract,wrongfultermination,andbreachoftheimplied covenantofgoodfaithandfairdealing;(iv)alltortclaims,includingclaimsforfraud,defamation,emotionaldistress,anddischargeinviolationofpublicpolicy;and(v)allfederal,state,andlocalstatutoryclaims,includingclaimsfordiscrimination,harassment,retaliation,attorneys'fees,orotherclaimsarisingunderthefederalCivilRightsActof1964(asamended),thefederalAmericanswithDisabilitiesActof1990,thefederalAgeDiscriminationinEmploymentActof1967(asamended)(the"ADEA''),thefederalFamilyandMedicalLeave Act(asamended)("FMLA"),theCaliforniaFamilyRightsAct(asamended)("CFRA"),theCaliforniaLaborCode(asamended),andtheCaliforniaFairEmploymentandHousingAct(asamended).
(c)ExcludedClaims.Notwithstandingtheforegoing,thefollowingarenotincludedintheReleasedClaims(the"ExcludedClaims"):(i)anyrights orclaimsforindemnificationyoumayhavepursuanttoanyfullysignedindemnificationagreementwiththeCompanytowhichyouareaparty,thecharter,bylaws,oroperatingagreementsoftheCompany,orunderapplicablelaw;(ii)anyrightsorclaimswhicharenotwaivableasamatteroflaw;and(iii)anyclaimsforbreachofthisAgreement.Inaddition,nothinginthisAgreement preventsyoufromfiling,cooperatingwith,orparticipatinginanyproceedingbeforetheEqualEmploymentOpportunityCommission,theDepartmentofLabor,theCaliforniaDepartmentofFairEmploymentandHousing,oranyothergovernmentagency,exceptthatyouacknowledgeandagreethatyouareherebywaivingyourrighttoanymonetary benefitsinconnectionwithanysuchclaim,chargeorproceeding.Youherebyrepresentandwarrantthat,otherthantheExcludedClaims,youarenotawareofanyclaimsyouhaveormighthaveagainstanyoftheReleasedPartiesthatarenotincludedintheReleasedClaims.
(d)ADEAWaiver.Youacknowledgethat you are knowingly andvoluntarilywaivmgandreleasinganyrightsyouhaveundertheADEA,andthattheconsiderationgivenforthewaiverandreleaseyouhavegiveninthisAgreementisinadditiontoanythingofvaluetowhichyouwerealreadyentitled.Youfurtheracknowledgethatyouhavebeenadvised,asrequiredbytheADEA,that:(i)yourwaiverandreleasedoesnotapplytoanyrightsorclaimsthatariseafterthedateyousignthisAgreement;(ii)youshouldconsultwithan
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attorneypriorto signingthisAgreement (althoughyoumaychoose voluntarily nottodoso);
(iii)youhavetwenty-one(21)daystoconsiderthisAgreement(althoughyoumaychoosevoluntarilytosignitsooner);(iv)youhaveseven(7)daysfollowingthedateyousignthisAgreementtorevokethisAgreement(inawrittenrevocationdeliveredtome);and(v)thisAgreementwillnotbeeffectiveuntilthedateuponwhichtherevocationperiodhasexpired,whichwillbetheeighthdayafteryousignthisAgreementprovidedthatyoudonotrevokeit(the"EffectiveDate").
(e) Section1542Waiver. IngivingthereleasessetforthinthisAgreement,whichincludeclaimswhichmaybeunknowntoyouatpresent,youacknowledgethatyouhavereadandunderstandSection1542oftheCaliforniaCivilCodewhichreadsasfollows: "Ageneralreleasedoesnotextendto claims which the creditor does not know or suspect toexistinhisorherfavoratthetimeofexecutingtherelease,whichifknownbyhimorhermusthavemateriallyaffectedhisorhersettlementwiththedebtor."Youherebyexpresslywaiveandrelinquishallrightsandbenefitsunderthatsectionandanylaworlegalprincipleofsimilareffectinanyjurisdictionwithrespecttothereleasesgranted herein,includingbutnotlimitedtothereleaseofunknownandunsuspected claimsgrantedinthisAgreement.
16.Representations.Youherebyrepresentandwarrantthat(a)otherthancurrentpayrollandanyaccruedandunusedPTO,youhavebeenpaidallcompensationowed andforalltimeworked,(b)youhavereceivedalltheleaveandleavebenefitsandprotectionsforwhichyouareeligiblepursuanttoFMLA,CFRA,anyapplicablelaworCompanypolicy,and(c)youhavenotsufferedanyon-the-jobinjuryorillnessforwhichyouhavenotalreadyfiledaworkers'compensation claim.
17.DisputeResolution.Toaidintherapidandeconomicalresolution of anydisputeswhichmayariseunderthisAgreement,youandtheCompanyagreethatanyandall claims,disputesorcontroversiesofanynaturewhatsoeverarisingfromorregardingtheinterpretation,performance,negotiation,execution,enforcement orbreach ofthis Agreement,youremployment,ortheterminationofyouremployment,includingbutnotlimitedto any statutoryclaims,shallberesolvedbyconfidential,finalandbindingarbitrationconductedbeforeasinglearbitratorwithJAMS,Inc.("JAMS")inSanFrancisco,California,inaccordancewithJAMS'then-applicablearbitrationrules.Thepartiesacknowledgethatbyagreeingtothisarbitrationprocedure,theywaivetherightto resolve any such dispute through atrial byjury, judgeoradministrativeproceeding.Youwillhavetherighttoberepresentedbylegalcounselatanyarbitrationproceeding.Thearbitratorshall:(a)havethe authoritytocompeladequatediscoveryfortheresolutionofthedisputeandtoawardsuchreliefaswouldotherwisebeavailableunderapplicablelawinacourtproceeding;and(b)issueawrittenstatementsigned bythearbitratorregardingthedispositionofeachclaimandtherelief,ifany,awardedastoeachclaim,thereasonsfortheaward,andthearbitrator'sessentialfindingsandconclusionsonwhichtheawardisbased.The CompanyshallbearJAMS'arbitrationfeesandadministrativecosts.NothinginthisAgreementshallpreventeitheryouortheCompanyfromobtaininginjunctivereliefincourttopreventirreparableharmpendingtheconclusionofanysucharbitration.Anyawardsorordersinsucharbitrationsmaybeenteredandenforcedasjudgmentsinthefederalandstatecourtsofanycompetentjurisdiction.
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18.Miscellaneous.ThisAgreement,includingExhibitA,constitutesthecomplete, finalandexclusiveembodimentoftheentireagreementbetweenyouandtheCompany with regardtoitssubjectmatter.Itisenteredintowithoutrelianceonanypromiseorrepresentation, writtenororal,otherthanthoseexpresslycontainedherein,anditsupersedes anyothersuchpromises,warrantiesorrepresentations.ThisAgreementmay not be modified or amendedexceptinawrittenagreementsignedbybothyouandadulyauthorizedofficeroftheCompany.ThisAgreementwillbindtheheirs,personalrepresentatives,successorsandassignsofbothyou andtheCompany,andinuretothebenefitofbothyouandtheCompany,andtheirheirs, successorsandassigns.IfanyprovisionofthisAgreementisdeterminedtobeinvalidorunenforceable,inwholeorinpart,thisdeterminationwillnotaffectanyotherprovisionofthis Agreementandtheprovisioninquestionshallbedeemedmodifiedsoastoberendered enforceableinamannerconsistentwiththeintentoftheparties,insofaraspossibleunder applicablelaw.AnyambiguityinthisAgreementshallnotbeconstruedagainsteitherpartyasthedrafter.AnywaiverofabreachofthisAgreement,orrightshereunder,shallbeinwriting andshallnotbedeemedtobeawaiverofanysuccessivebreachorrights hereunder.This Agreementshallbedeemedtohavebeenenteredinto,andshallbeconstruedandenforced,inaccordancewiththelawsoftheStateofCaliforniawithoutregardtoconflictsoflawprinciples. ThisAgreementmaybeexecutedincounterparts,eachofwhichshallbedeemedtobepartof oneoriginal.Inaddition,facsimilesignaturesandsignaturestransmittedviapdffileshallsufficeforabindingandvalidagreementandareconsideredequivalenttooriginalsignatures;thus,thepartiesarenotrequiredtodeliveractualsignedsignaturepages.
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IfthisAgreementisacceptabletoyou,pleasesignanddateitbelow,andreturnthefullysignedAgreementnolaterthanwithintwenty-one(21)days.IfwedonotreceivethefullysignedAgreementfromyouwithintheaforementionedtimeframe,theCompany'soffertoenterintothisAgreement(includingtheofferofTransitionPeriodemploymentandoutplacementassistance)willterminate,andyouremploymentterminationdateshallbeNovember15,2012.
Wewishyouthebestinyourfutureendeavors.Sincerely,
MEDIVATION,INC.
VicePresident,HumanResources
ExhibitA-ConfidentialInformationandInventionAssignmentAgreement
REVIEWED,UNDERSTOOD,ANDAGREED:
BradleyS.Pruitt
EXHIBITA
CONFIDENTIALINFORMATIONANDINVENTIONASSIGNMENTAGREEMENT
A-1
MEDIVATION,INC.
CONFIDENTIALINFORMATION ANDINVENTIONASSIGNMENTA..GREEMENT
AsanemployeeofMedivation,Inc.,anyofitssnb"sidiaries,affiliates,uccesi::orsorassigns(coUect,ively,the"Company").andinconsiderationofthecompensationnowandhereafterpaidtome:,I11enbyagreeasfollows:
LMaintainingConfidentialInformation
a.Company..Infonnatfon.lagree at a11times.dm:ingthete:ttn ofniyemploymentandtlJ.ereafte;rtoholdinstrictestcon:fidl';!nce,andnottouse,exceptforthbenefitoftheConpany;ortodisclose.toanyperson,firmorcorporationwithoutw:rittmauthorizationoftheCompany,anytradesecrets.c;Qrtfide:nti'knowledge) dataoro:tllerproprietaryinformationrelatingto.products,.processes,kn:ow.:how, designs,formulas,devclopmentalmexperimntalwade,co:tnputrprogr<lms(ihclUdin.gsoutcecodeandobjectcode),database,otheroriginal
workQfauthorshipcustomerlists,bush1essp1ans,financialinformatiotiorothersubjectmatter
perta.lningtoml)'businessofthe·Companyoranyofitsc1ien:tscustomers.consultantsor
licensees.
b,TliirdParty;Jhfor1nation.IrecognizethattheCompanyhas.received a;n4inthefut;urewillreceivefro'!Xl:thl.td.patli¢the.itconfiden:tfalorptoptht::uyinformationsubjecttoadutyontheCo.mpMyspart:tomaintaintheconfidentialityofsuchfufonnation,andtoµseitonlyforcertainlimitedpt!rpases.Iagreeduringthetermofn:i.yethploymentan.dthere$e1\toholdallsuchconfidentialotpropri¢tarylhfbrmaiioninthestrictest·confidenceandnotto.discloseittoanyperson,firmor·corporation(exceptas.necessaryincarryingoutmyworkfortheCompany·consistentwiththeCotnpany's:agreementwith$Uchthirdpa.ny)ortouseitforthebenefitofanyoneotherthanfortileCompanyorsuchthirdpatty(consitent\:\riththeCompany•s
agreementwithsuchthirdparty)withouttheexpresspriorwrittenauthorizationoftheCompany.
2.Retainingand Assignin€'.InventionsandOriginalWotk:s.
a.Jnventi:onsandOriginal WorksRetainedbyMe.I'haveattachedheretoas
ExhibitA,alistdsodbingallinventions,originalwotksofauthorship,dcvelopmtQrtts,improvements,andtradesecrets.whichwerernadebymepriorto.myemploymentwiththeCompany(collectively,the"Pl'iorInventions''),Whichbelongtome,WhichrelatetotheComparty'sproposedorcl.'tttentbusiness,p:toductso:rresearchanddevelopment:..antiwhich:;irenotassigned totheCompany; or,ifno;:µchlistisattached,Jrepresentthatthere.arenosuchinventions.Ifinthecot1tseof:myemploywentwiththeCompany,IincorporateintoaCompany".f?rodnct,processormachineaPriot.InventionovvnedbymeorinwhichIhaveanh1tierest,.th¢Companyisherebygrantedandshallhavean11,011-exclusiveroyaltyfree,irrevocablt::l,pe:i;petual,orworld-Widelicensetomake,havemadesubllcense,modify,useandsellsuchPriorInventionaspartoforinconnectionwithsuchproduet,processormachit1e.
b.InvehtionsandOriginalWotksAssignedtotheCompany.
(i)IagreethatIwill:promptlymakefullmittendisclpsuretotheConipany,wi.11hqldintrµst for thesolerjghtandbenefitoftheCompany,andwilltransfer,convey,.releaseandassignto.theCompanyallmytight,title, and interest,if.any,inandtoanyandallinventions,originalworksofauthorship,developments,ebrtcepts,improvementsortradesecrets,whetherotriotpatentableorregistrableundercopyrightorsiinU:nfaws,whichImay
solelyorJointlyconceiveordeveloporredi1cetopractice,Qrcausetobeconceivedordeveloped
orreducedtop:ractice,durmgtheperiod oftimeIrunintheemployoftheCompany.
(ii)IfIbavebeenemployedbytb,eCornpa:oy. ··foranyperiodoftimepriortotheexecutio11oftbi.sAgreement,byexecmfonofthisAgreemtIherebytransfer,convey,rele:;isan<'.!assigr.itothe·Companyall.myright,titleandinterest,ifany,inandtoanyandallinverttions,otigina1worksofauthorship,developments,cnnceptS,,improvementsortradesec:t¢tswldchlhavesolelyorJointlyconceivedordevelopedor.reducedtop;racti.ce,orcausedtobecoll,ceivedordevelopedorreducedtopractice,duringthepetiodoffou:¢i11atIhavebeenemployedwiththeConipl:iJ:)y.Theinventions,originalWorksofauthorship;. devel6pments,.concepts,impt6ve:tnentsortradesecretstefettedtoinSubsections@a:pd(ii)abovearecollectl:velyreferredtoasthe''Inventions",
(iii) I acknowledge that all original works of authorship iliich aremadebyme(solelyorjointly"Withothers)withinthescopeofmyemployment.andwhichareprotectablebycopyrighta:r.e''worksmadeforhire,"·thatte:tnl,isd.efmdfo.theUnitedSttesCopyrightAct. ·
c.Maintenance of Re.cords.Iagretokeepa;ndmflin:tainadequateandcuqen,twrittenrecordsof'a1linventionsmade byme(solelyo:rjointlywithothe:i:s)duringthetermofmyemploymentwiththeCompany.Therecordswillbeill.thefottrtofnotes>sketches,drawingsandanyotherformatthatmaybespecifiedbytheCompany.The;recordswillbeavailabletoandre:mai11tlresoleproprty thC9mpanyatallti111es,
d.IrtV'entionsAssigned totheUnited States. IagreetoassigntotheUnitedStatesgovernmentallmyrigh't.title,imdinterestin<iltldtoany@dallinventionsoriginalworksofaµthp;rshipdevelopments,impNwmentsoxtradesecretswhe:neversuchfulltitleisrequitedtobe:th¢UnitedStatesbyacont.tactbetweentheCompanyaridtheUnitedStatesoranyofitsagencies.
e.PatentandCopyrightRegisttatiohs.IaeetoassisttheCompany,,oritsde.signee,attheCompany'sexpense,ineveryproperwayto:seci.:ira,lldenfqrcetheCompany'srightsintheInventionsand any copyrights_, patents, mask workrights·or dther intellectual
_propertyrightsrelatingtheretoinanyandallcountries,includingthedisclosuretotheCompany
ofallpertinent:infonnationanddatawithrespectthereto,theexecutionofIIapplications,specifications"oaths,assignmentsandalloth>rinstrumentswhic;htheCompanys:hal1deemnecessaryinordertoapplyforandobtainsuchrightsandinorderto.ssign.andconveytotheComP.!mY,itssu:ccessors,assign;;;andnomineesthesoleandexclusiverights,titleand interestinand to such Inventions, and any copyrights, patents, mask wo,rk rights ol' otherintellecmal
property.
rightsrelating. thereto. Ifurtheragreethatmyobligationtoexecuteorcaustobe
2.
SV\413193.l
executed>whenitisinmypowertodoso, anysuchinstrumentc)rpapersshallcoutinueaftertheterminationofthisAg:reeme11t.IftheCompanyisunablebecauseofmymentalorphysicalincap:;tcityor foranyotherreasontosecuremysignatureto.applyforortoputsi1eanyapplicationforanyUnitedStatesorforeignpatl}ntso:tcopyrightregistrationscoveringInventionsororiginalworks.ofauthorshipassigrtedtotheCompanyasabove>fuen1herebyirrevocablydesignateandappointtheCompanyqn.dit.sdulyauthorizedofficersandagentsasmya,gentandattorneyinfact,toact·forandinmybehalfandsteadtoexecuteandfileanysttchapplicationsandtodoallotherlawfullypermittedacts·to:furtP:ertheprosecutionandissuanceoflettetspatentorcopyrightregisttatiqn,sthereonwithl;hsame11eg?1forceandeffect as ffexecutedbyme.
f.ExceptiontoAssignm.t;:nts,lunclerstarn;lthattheprQY,Istons9fthisAg.reeili¢ntre_quiringassignmenttotheCompanydonotapplytoanyInventionwhichqlJali:fies
:fullyundet•theprovisionsofSectic>n287D.oftheCalifornia.LaborCode,acopyofwhichisattachedheretoasExhibjJ)3.lwjlladvisetheCompanypromptlyinwritingofanyInventionsthatIbelievemeetthecritel'.laofCalifoxniaLaborCode'Septio112870andIwill atthttimeprovidefutheCompanyinwritingallevidencenecessarytosubsta.ntiatethatbelief.
:tConflictingEmployment.Iagreethat,di,1dngthetermofmyemploymentWiththeCompany,1willnotengageinanyotheremployment,o<;cupation,consultingol'otherbusinessactivity'directlyrelatedtothebusinessinwhich.theCompanyishoWinvolvedorbecomes.mvqlveoduringthetermofmyemployment,norwillIengageinanyotheractivitiesthatqo1lflfotwithmyobligationstotheCompf'Uly, ·
..
4.ReturningCompanyDocuments.Iagree.thatatthetimeofleavingtheemployof
theCompany,1willqel:iyertotheCompany{and'Will.notkeep innrypossessionordeliverto
anyoneelse)i:myli!lld11devices;records,c:lata,potes,:reports,proposals,lists,con:esp.oncl.e:i:i:i;.e:,speoi:fic.atfons drawings, bl'ueprints, sketches, materials:> equipment other docu::tne.nts orproperty; o;rreproductionsofanyaforementioneditemsbelongingtotheCompany,itssuccessorsoras::;ign:;:,Intheeventoftheterminationof111yempfoyrutI.&greetosignanddeliverthe"Tennina.tionCertification"attachedheretoasE:idtlb.itC, · ·
5.:Representations.I<:tgteetoexe<:;ute.anyproperoathorverifyartvproperdocumentrequiredtocarryoutth.etem1softhisAgreement.I:representthatmyperfoIJ11;anceofallthetd.111softhisAgreementwillnotbreachanyagrece1ne'i1t(:i)tokeE;pinco1riidencep:ro..,prietaryinfo:onationacqufredbym·einconfidenceorintrustprim·tomyemploymentbytheCompanyor(ii)toassignInventionstoany.formeremployer Ol':ai1y other.thirdparty,IWillnotdisclosetotheCompanyoruseonitsbehalfa:rwconfidentialif.Lf01tnatioubelongingtoothers.Ihavenotenteredinto,andIagree1willnotenterinto,,anyoral orwritten agreementinconflictherewith.
6.EmployeeSolicitation.Iagreethatfol'·aperiodofsix(6)monthsfromthedateofterminationofmyemploymentwiththeCompanythatXwilluot,directlyorindirectly,solicitorcausetobesolicitedforanyperson.orentityotherthantheCompa:ny (i)anyoftheexistin.gcustomers ofthe Company o:r(ii)anyofthe existing employeesoftheCompanyforpurpose of
obtainingtheiremploymentservices;:providedthatclause (ii}abovewillnotrestrictmefrom
solicitingcustomersoftheCompanyinalineofbusinessthatisti.CitsubstruJtiallysirml&rtothe
existingorfuturebusinessoftheCompany. ·
7.EquitableRelief.I agreeth:atitwouldbeimpossibleor.inadequatetomeasureandcalculatetheCompany'sdamagesfromanybrea¢hofthecoven.antssetforth;inSections1,2>4and6herein. Accordingly;IagreethatifIbreachanyofsuchSections,theCompanywill
have avai1able1 inaddition to .any other right or remedy ·available,the right toobtain an
illj.unctionfromacourtofcompetentjurisdictionrestraini11gsuchpreachorthreatenedbreachandtospecificperf011nance. Qfanys:u.chprovisionofthisAgteement Ifurtheragreethatnqbondorothersecurityshallberequited.iriobtai:tringsuchequitablereliefandIherebyconsenttotheissuanceofs11chh;1j111:i:ctfonandto.theorderingofspecificperformance.
8.GeneralProvisions.
a.EmploymentatWill.'l'hlsAgreementisnotanemploymentagreement.Iuiidei-stan.d:thattheCompanymaytetminate myemployme:ntwithitatanytim,1,vithorwithm:iteause,.subjecttothetermsofanyseparatevttittenagreementdulyexectutedbybothpatti.es.
b.Ac1mowledgmentIacknowledgethatIhaveha,dthopportunitytoconsliltlegal.counselinregardtothl$Agreement,thatlhavereadandVtlc:'.lerstoodthisAgreement,thatIam:fullyawai'eof:itskgaleffect.andthatIhaveenteredintoitfreelyandvoluntarilyandbasedonmyownjugj:nen,tand.notonanyrepresentations,understandings;Qrpromisesotherthanthosecontciinedintbis.Agree:trte:n,t,. .
.c.Governing Law. This.Agreementwillbegovemedbythelawsofthe
StateofCaliforniawithoutgivillgeffecttothe.conflictsoffawprinciplesthereof.
d.EntireAgreement.ThisAgreementsetsforththe.entireagree:i,nentand1111derstanmngh{:l.tweentheCompany@d 111.e relatingtothesubjectmatterhereinand mietgesallpriordIB.cussio:nsbetweenus.NomodificationoforJ:i111cendmenttothisAgreement,.A.oranywaiverofanytightsunderthisAgreement, willbeeffectiveunlessinMltingsi'gi:i:edbythepartytobe0ha:rged.Anysubsequentchangeorchangesinmyduties,.salaryorcompe1J.sationwillnotaffectthevalidity0rscopeofthisA.greemeJJ.t. ·
e.Severability.Ifoneor.moteoftheprovisionsinthisAgreementare
deemed voidbylaw,thent!teremlriingprovisi:onswillcontinueinfullforceand.effect
4.
SV\4!3193.1
£.SuccessorsimdAssigns.ThisAgreementwillbbindinguponmyheirs,executors,administratorsandotherlegalreprt:<se1i:tativesandwillbeforthebenefitoftheCompartyitssuccessors,anditsassigns.
Date:
(Bthployee'sSignature)
(NameofEmpfoyee(typedorprinted))
EXBIBTTA
LISTOFPRtORINVENTIONS
ANDORIGINALWORKSOFAU1BORSHIP
Title
NameofEmployee:
DateIdentifyingNumber
.orBtiefDesctiption
EXHJBITB
CALIFORNIALABORCODE,SECTION2870
EMPLOYMENTAGREEMENTS;ASSIGNMENTOFRJGHTS
«(a)Anyprovisioninanemployment agreementWhichprovidsthatanemployee shallassign,or.offertoassign.anyofhi:sorherrightsinaninventiontohisor heremployershallnotapplytoaninventionthatheemployeedevelopedentirelyo:nhisorlwrown.ti:rn¢with.outusingthe
ern:p!Oyet,sequipment,suppli,facilities,ottradesecretinformationexcptforthoseinventions
thateh1:1e,r:
(1)Relate atthetimeofconceptionorteductib'ntopracticeoftheinvn:tiontotheemployer'business,orai;:tualordemonstrablyanticipatedresearohordevelopm.entoftheemployer.
(2)Resultfrornanywoxkperfotmedbytheemployeefortheemployer.
{b)Totheextenta.p:rovisioninanempioymentagreementPUl:'portst9requireanemplo.ye.e toassignanihventionothetwiseexolud@dfrombeihgrequiredto:beassignedundersubdi:vision(a)theptovisfordsaginstthepublicpolicyofthisstateandisnnenfoxcele..''
SV\4m93.l
EXHIBITCTERMINATIONCERTIFICATION
Thi$istocertifythatIdonotha,veinmypossession,norhaveIfailedtoreturn,anydevices,records,data,notes,repo1ts,prop.osals,lists,correspon:dence,specifications,ckawings,bltleprints,sketches, materials, equipment, other documents or property. or reproductions of any
<,tfo:rementio11editemsbelongingtoMedivation,Inc.,itssubsidia,ries,atfiliatie:s,syces$orsorassig11s
(togetherthe•JCompany'').
IfQtlhercertifythatI havecompliedwi:thallthetennsoftheCompany'sConfidential
lD.fom1atio11imd InventionAssignmentAgreement signed by me)includingthere.porting qf any
:inveh;tio:tlSandoriginalworksofauthorship(sdefinedtherein),conceivedotmadebyme(solelyor
jointlywithothers)coveredbyth1ttagreement.
Ifurtheragreethat,inco111pliancewiththeConfide1itfolIrifcm:na:tiond Invention
Assig11l1'1entAgt¢¢fi'.l.¢nt,IwillpreservasCOP.-fh::Ientfa1lalltradesecrets,confidentialknowledge.data
·orotherproprietaryinf01matio11rdatfogtoproducts,procsses,mow;.;l10w,designs,fonntilas,4evclopmentalorexperimentalwoik,computetprogtams,,databa,ses,otheroriginalworksofauthorship,customerlists>bµsinessplans.fincial·inforniatlonorothersubjectmatterpertainingto
.anyhusiness.oftheCompanyor Y.ofitsc1ients,.customers,consult®t$orlicensees.
(EmployeesSignature)
(Type/PrintEmployeesName)