EX-10.24



 Exhibit 10.24 
 Between: 
 the Société Anonyme [Public Limited Company] UCB – Avenue Louise 326
(Box 7) - 1050 BRUSSELS, represented for the purposes of the present legal instrument by the undersigned, 
 hereafter referred to as
“UCB,” 
 and 
 Mr. Guy
VAN DEN BOSSCHE 
 Domiciled at 1392 SILLY (HOVES) – rue du Trou 1, 
 hereafter referred to as “the second appointee,” 
 it is hereby agreed as follows:

 Article 1 
 UCB hereby hires
the second appointee in its sevice. 
 The second appointee shall perform the services for UCB and/or other companies in its group. 

UCB reserves the right to delegate any professional duties to the second appointee that may be compatible with its abilities and knowledge base, both in
Belgium and abroad. 
 For the purposes of applying this clause, both the economic interests of the business and the personal interests of the
second appointee shall be taken into account. 
 If the requirements of the services to be performed so require, the second appointee hereby
accepts an obligation to be relocated by UCB to a place of residence in close proximity to his or her place of work. 
 The second appointee
hereby agrees to make all travel trips necessary for the purposes of completing his or her job duties by any and all means of transport that may be indicated to him or her. 
 Article 2 
 The present contract shall take effect as of April 1, 1987. 

It has been established for an open-ended contractual term. 
 Article 3 
 As payment for the services and duties set forth in the present contract, the
second appointee shall be provided a monthly sum of the amount of 65,000.- F. 
 This gross salary takes into account the link between the
payment amounts and the consumer price index as established for March 1987. 







 The second appointee is entitled to receive an extra month of remuneration, in accordance with the standard
rules in effect at UCB. 
 Wage payments are made into the direct deposit account or into the bank account indicated by the second appointee,
after deduction all withholdings established by law and all group insurance premium payments for policies in which the second appointee is required to enroll. 
 The second appointee hereby undertakes to keep the amount of his or her remuneration strictly confidential. 
 Article 4 
 The second appointee hereby undertakes to fulfill all his or her job duties in a
way that meets the greatest interests of the company, and he or she hereby makes a commitment not to maintain any other paid professional activities nor to directly or indirectly run any sort of business or enterprise whatsoever or provide his or
her support to any such business or enterprise in any way whatsoever, unless subject to prior written authorization from UCB. 
 Article 5

 The second appointee hereby acknowledges that all general results of any nature whatsoever obtained as a result of any work projects,
studies, research investigations or trials that he or she may conduct while performing his or her job duties (in particular, any inventions, manufacturing methods, processes and improvements that he or she may bring about updates to) shall be the
exclusive property of the Company for which he or she is performing these services. 
 The Company shall have the sole right to make use of such
items, to draw profit from such items, and to file patents for such items, as applicable, and the second appointee may not lawfully lay claim to any form of indemnity or special remuneration whatsoever. 

Article 6 
 The second appointee makes a
commitment not to disclose, publish or make otherwise directly or indirectly known any manufacturing or business secrets of which he or she may come to have knowledge. In particular, this applies to the following items: processes, physical
manufacturing techniques, plans, projects, agreements, technical information, business-related information, accounting information or any other form of information. 
 He or she is likewise prohibited from taking part in or cooperating with any and all acts of unfair competition. 
 The above obligations shall not be terminated at the end of the present contract, and the second appointee shall remain bound by these obligations irrespective of the cause of his or her departure.


  
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 Article 7 
 In the event of termination of the present contract, whether initiated by UCB due to a serious cause or initiated by the second appointee, the second appointee is hereby bound (save for in the case that
the second appointee is able to provide evidence of a serious breach of contract imputable to UCB) by an obligation not to enter into competition with UCB or any of the companies in its group, whether as a direct or indirect result of his or her own
actions or as a result of being hired by another employer. 
 Nonetheless, this obligation only applies to all activities similar to those
activities that the second appointee has performed at UCB or for the other companies in its group during the twelve months prior to his or her departure; this obligation does not reach outside the territory of Belgium and is limited to a period of
twelve months beginning on the day on which the employment contract has come to an end. 
 In the case of violation of the abovementioned
obligation, the second appointee shall be liable for payment to UCB of a one-time indemnity equal to the gross salary corresponding to twelve months of professional activities. 
 It is hereby agreed that the second appointee may not consider himself or herself to be relinquished of the obligations set forth in the non-compete clause other than with the prior, written consent of
UCB. 
 This article does not apply if the second appointee is a business representative at the time of his or her departure. 

Article 8 
 Special conditions:

 Any seniority acquired by the second appointee as an employee of the UCB group as of April 1, 1986 shall remain acquired by him or her,
except under application of the group insurance agreements and UCB Pension Fund assistance, for which seniority is acknowledged as of April 1, 1987. 
 Signed in two counterparts. Each party declares that they have received the copy assigned to them, in Brussels, on March 19, 1987. 

 

					
	The second appointee,	 	 UCB,

			
	 /s/ Guy Van Den Bossche
	 	 /s/ P. Trompette
	 	 /s/ P. Dasnoy-Sumell

	Guy VAN DEN BOSSCHE	 	P. TROMPETTE	 	P. DASNOY-SUMELL
		 	Chief Executive Officer	 	HR Director
	[Handwritten] Read and approved	 		 	
		 		 	


  
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