EXHIBIT 10.4

 

STANDARD EMPLOYMENT AGREEMENT

 

THIS AGREEMENT, by and between, BIOJECT MEDICAL TECHNOLOGIES INC., with offices
at: 7620 SW Bridgeport Road, Portland, Oregon 97224, (hereinafter called
BIOJECT),and Ms. Christine Farrell (hereinafter called “EMPLOYEE”).

 

RECITALS

 

1.     BIOJECT is in the business of designing, developing, distribution, and
the sale of medical technology and products; and

 

2.     BIOJECT desires to hire Employee to assist in that effort and Employee is
desirous of accepting such employment.

 

NOW THEREFORE, in consideration of the mutual promises and covenants contained
herein, the parties agree as follows:

 

1.  EMPLOYMENT. EMPLOYEE accepts employment from BIOJECT and agrees to devote
his or her best efforts in the discharge of their duties (includes those
contained in their job description).

 

2.  NON-COMPETE. Both during the term and for one (1) year following this
agreement, EMPLOYEE agrees not to compete with BIOJECT, either directly or
indirectly, with respect to its products or business activities within the
territory of the United States. EMPLOYEE also agrees not to directly or
indirectly assist any other business entity to compete with BIOJECT for the same
period of time and in the same goegraphic area. BIOJECT may waive, in writing,
any restriction contained in this Paragraph 4.

 

3.  CONFIDENTIALITY. EMPLOYEE agrees to hold as confidental all confidential or
proprietary information disclosed directly or indirectly by BIOJECT and agrees
that he or she will not, directly or indirectly, use, disclose, or divulge any
such confidential or proprietery information obtained from BIOJECT without prior
written approval of BIOJECT. This shall include BIOJECT’s product information,
business or marketing stratagies and information regarding BIOJECT’s present or
future customers. Upon termiantion of EMPLOYEE’s employment with BIOJECT, all
material, documents, records and similar information, including all copies
thereof, in EMPLOYEE’s actual or constructive possesseion, shall be returned to
BIOJECT within thirty (30) days following termination.

 

4.  INVENTION AND PROPIETARY PRODUCTS. All invention, products or documents
developed or created by EMPLOYEE during his or her employment by BIOJECT, if
related to products or business activities of BIOJECT, shall be considered to be
proprietary products owned exclusively by BIOJECT. This shall include
proprietary products created both during employment and within twelve (12)
months following employment if related to products or business activities of
BIOJECT. If necessary to do so, EMPLOYEE agrees to assign any right to apply for
patent, copyright, or other protection to BIOJECT for such proprietary products.
BIOJECT may waive in writing or exempt a product from the provisions of this
Paragraph 4.

 

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5.  SEVERABILITY. In the event any provision of this agreement is declared void
or invalid, such provision shall be deemed severed from the rest of this
agreement, which shall otherwise remain in full force and effect. Simialry, in
the event a court of competent jurisdiction should find any of the provisions of
this agreement to be unfair or unreasonable due to the length of time or
geographic area involved, such finding shall not render any such provisions
unenforceable, but rather, the provisions shall be redefined in such a manner as
to render them fair and reasonable, without affecting the balance of this
agreement. This agreement shall not be construed to limit in any way “shop
rights” or other common law or contactual rights of BIOJECT, in or to any
discoveries, inventions, improvements, and innovations, and in or to any
Confidential Information which BIOJECT has or may have by virtue of EMPLOYEE’s
employment.

 

6.  GENERAL TERMS. It is understood that either BIOJECT or EMPLOYEE may
terminate the employment relationship at any time. Upon such termination,
EMPLOYEE shall advise BIOJECT of the name and adress of the EMPLOYEE’s intended
future employer. The parties’ obligations under this agreement shall survive
such termination of employment. EMPLOYEE shall not assign his or her rights
under this agreement without the prior wriiten consent of BIOJECT. This
agreement contains the entire understanding of the parties and may not be
changed orally but only upon a written amendment signed by the parties.

 

7.  ARBITRATION AND JURISTRICTION. Any controversy or claim arising out of or
relating to this Agreement or any breach of this Agreement shall be finally
settled by arbitration in accordance with the provisions of Commercial
Arbitration Rules of the American Arbitration Association. Such arbitration
shall be conducted in Portland, Oregon by one arbitrator and no discovery shall
be allowed to or condcuted by either party to this Agreement. In the event suit
or action is brought by any party to this Agreement to enforce any of its terms,
it is agreed that the prevailing party shall be entilitled to an award of
reasonable attorneys fees against the party not prevailing to be fixed by the
trial or appellate courts, together with costs asscoiated therewith. This
agreement is entered into and shall be interpreted and enforced according to the
laws of the State of Oregon; both parties consent to personal jurisdiction for
that purpose.

 

8.  ACKNOWLEDGMENT. I, the undersigned EMPLOYEE, acknowledge that I have read
and received a copy of this document, consiting of three (3) pages and
understand that it legally binds me and that I have the right to seek
independent legal advice concerning its contents and effect.

 

 

DATED this 21st day of January, 1997

 

 

 

 

 

ACCEPTED January 24, 1997

 

 

 

EMPLOYEE:

EMPLOYER:

 

BIOJECT INC.

 

 

By:

/s/Christine M. Farrell

 

By:

/s/Kurt O. Lynam

 

 

Christine M. Farrell

Kurt O. Lynam

 

Title:Director, Human Resources

 

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