Exhibit 10.32

 

AMENDMENT NO. 1 TO

 

NEORX CORPORATION

 

KEY EXECUTIVE SEVERANCE AGREEMENT

 

This Amendment, dated as of March 30, 2005, is entered into by and between NEORX
CORPORATION (the “Company”) and SUSAN D. BERLAND (the “Executive”) with respect
to the Key Executive Severance Agreement between the Company and the Executive
dated as of October 25, 2004 (the “Agreement”) as follows:

 

1.               The first sentence of Section 1 of the Agreement shall be
amended by replacing “ninety (90) days” with “nine (9) months” in reference to
advance notice of nonrenewal in the future.

 

2.               The third sentence of Section 5.5 of the Agreement (which
relates to offset for other earnings) shall be deleted in its entirety.  The
words “and Offset” shall be removed from the title of Section 5.5.  The words
“and potential reduction” shall be deleted from Section 5.1(c) of the Agreement.

 

3.               Except as amended by this Amendment, the Agreement shall remain
in full and force effect.

 

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
first above written.

 

 

 

NeoRx Corporation

 

 

 

 

/s/ Susan D. Berland

 

By:

/s/Anna L. Wight

 

 

Susan D. Berland

Its:  Vice President, Legal

 

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