Document:

EX-10.4

 Exhibit 10.4 

AMENDMENT 
 TO 

EMPLOYMENT AGREEMENT 
 This
Amendment (this “Amendment”) to the Employment Agreement is entered into as of March 14, 2019 by and between Paul Gross (“Employee”) and Clovis Oncology, Inc. (the “Company”). 

WHEREAS, Employee and the Company are parties to that certain Employment Agreement, dated July 6, 2017
(the “Agreement”); and 
 WHEREAS, Employee and the Company desire to amend the Agreement. 

NOW, THEREFORE, in consideration of the promises and mutual covenants contained herein and for good and valuable consideration, the
receipt and sufficiency of which are mutually acknowledged, the Company and Employee hereby agree to amend the Agreement as follows: 

1.    Capitalized Terms. Capitalized terms that are not defined in this Amendment shall have the meanings
ascribed thereto in the Agreement. 
 2.    Amendment to the Agreement. Sections 1(a), 1(o), 1(p), 1(r),
1(u), 1(v), 1(dd) and 13(b) of the Agreement are hereby deleted and replaced with “[Intentionally Omitted.]”. 

3.    Ratification and Confirmation. Except as specifically amended hereby, the Agreement is hereby ratified
and confirmed in all respects and remains in full force and effect. Whenever the Agreement is referred to in this Amendment or in any other agreement, document or instrument, such reference shall be deemed to be to the Agreement, as amended by this
Amendment, whether or not specific reference is made to this Amendment. 
 4.    Governing Law. This
Amendment shall be governed by and construed in accordance with the laws of the State of Colorado. Section 17 of the Agreement is incorporated herein mutatis mutandis. 

5.    Controlling Document. In case of conflict between any of the terms and condition of this Amendment and
the Agreement, the terms and conditions of this Amendment shall control. 
 6.    Employee Acknowledgment.
Employee acknowledges (i) that Employee has consulted with or has had the opportunity to consult with independent counsel of Employee’s own choice concerning this Amendment, and has been advised to do so by the Company, and (ii) that
Employee has read and understands this Amendment, is fully aware of its legal effect, and has entered into it freely based on Employee’s own judgment. By signing this Amendment, Employee acknowledges and agrees that the changes made hereunder
shall not constitute Good Reason for purposes of the Agreement. 

 7.    Counterparts. This Amendment may be executed in one
or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. The execution of this Amendment may be by actual signature or by signature delivered by facsimile or by e-mail as a portable data format (.pdf) file or image file attachment. 

8.    Headings. Section headings are for convenience only and shall not be considered a part of this
Amendment. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, Employee and the Company have caused this Amendment to be
executed and delivered as of first date above written. 
  
  

	
	/s/ Paul Gross
	Paul Gross
	
	CLOVIS ONCOLOGY, INC.
	
	/s/ Patrick Mahaffy
	Name: Patrick Mahaffy
	Title: President and CEO

  
 [Signature Page to
Amendment to Employment Agreement]Exhibit

EXHIBIT 4(J)(1)

TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA
(TIAA)
730 Third Avenue, New York, N.Y. 10017-3206
Telephone: [800-842-2733]
Endorsement to Your TIAA Retirement Choice Annuity Contract
or Your Retirement Choice Plus Annuity Contract
[Effective Date: Upon receipt/Specific date/Attached at issue]
This endorsement is part of your contract with TIAA. It modifies provisions of your TIAA Retirement Choice Annuity Contract (RC) or your TIAA Retirement Choice Plus Annuity Contract (RCP) as follows.
The following definitions are added:
A Custom Portfolios Model Service (CPMS) Program is an asset allocation program whereby contributions under the plan are allocated to model portfolios comprised of funding options in accordance with prescribed target allocation percentages. Some or all of the funding options under this contract may be administered as part of a CPMS. As provided below, for employees subscribed in a model within the CPMS, TIAA will periodically execute contractholder payments from Investment Account accumulations to track the target allocation percentages of the models created for the CPMS. However, except as specified below in connection with contractholder payments, there will be no movement of Traditional Annuity accumulations out of the Traditional Annuity in connection with the administration of a CPMS. The terms of the CPMS and the particular funding options that may be administered as part of a CPMS will be as agreed upon by TIAA and the contractholder. More than one model in a CPMS may be administered under the contract. However, any specific employee’s accumulation can only be managed under one model within the CPMS program at any time.
If the contract is being used in connection with an employer plan in which both an RC and RCP contract are simultaneously being used as funding vehicles and record-kept as a single plan in TIAA-CREF’s recordkeeping systems for the purposes of making CPMSs available to employees, then
		
	•
	the only amounts that may be applied to the RCP would be those associated with administering a model(s) in a CPMS.

		
	•
	TIAA may transfer an employee’s Investment Account accumulations between the RCP and the corresponding accounts in the RC in accordance with the terms of the CPMS as agreed upon by TIAA and the contractholder under circumstances in which an employee begins or ceases participation in a model in a CPMS.

The contractholder understands and acknowledges that, in connection with any CPMS, and notwithstanding any other provisions in the contract to the contrary, each employee retains, with respect to his or her accumulation in the CPMS, the following rights to the full extent an employee may be granted these rights under the contract: the right to (i) withdraw accumulations subject to all otherwise applicable restrictions on an employee’s right to withdraw or transfer such accumulations; (ii) vote securities, or delegate the authority to vote securities to another person; (iii) be provided in a timely manner with a written confirmation or other notification of each transaction, and all other documents required by law to be provided to a security holder; and (iv) proceed directly as a security holder against the issuer of any security in the employee’s account.

	
			
	IGRS-CPMS-E2
	 
	Page E1

EXHIBIT 4(J)(1)

A custom portfolios model service accumulation (CPMS accumulation) is the portion of the contract accumulation equal to the sum of all employees’ custom portfolio model service accumulations in a given CPMS under the contract.
An employee’s custom portfolios model service accumulation (employee’s CPMS accumulation) is the portion of the employee’s accumulation maintained for the sole purpose of providing a record of amounts accumulated in the Traditional Annuity in a model in a CPMS or an Investment Account in a model in a CPMS.
The definition of Contractholder payments is modified by adding the following:
Contractholder payments from the Traditional Annuity accumulation can include payments made as a series of payments of the contract’s entire Traditional Annuity accumulation in a specific model in a CPMS under the contract, less any applicable surrender charges. A contractholder payment from an Investment Account accumulation can include a lump-sum payment of that Account’s entire accumulation in a specific model in a CPMS under the contract.
The provision entitled Amount and effective date of contractholder payments from the Traditional Annuity is modified by adding the following:
Contractholder payments from the Traditional Annuity accumulation can include payments made as a series of payments, to be paid over the period of time described in the contract, for the purpose of paying out the contract’s entire Traditional Annuity accumulation in a specific model in a CPMS under the contract including payments made to effect a transfer to an Investment Account accumulation or to the companion CREF contract, if any. Contractholder payments executed for this purpose will be referred to as Custom Portfolios Model Service Contractholder Payments (CPMSCPs). Any contractholder payment, including CPMSCPs, will be reduced by any surrender charge in accordance with the applicable rate schedule or schedules.
The availability of CPMSCPs is subject to the following:
1. CPMSCPs may only be paid from Traditional Annuity accumulations held within a model in a CPMS.
2. Any portion of the contract’s accumulation being paid as CPMSCPs may not be included in the calculation of any request for or calculation of any other series of contractholder payments.
3. The request for CPMSCPs is irrevocable once we receive the contractholder’s written request in good order. The first payment will be effective as of the end of a business day that is not more than [90] days after the business day that we receive the contractholder’s written request for such CPMSCPs. TIAA will determine all values as of such effective date.

	
			
	IGRS-CPMS-E2
	 
	Page E2

EXHIBIT 4(J)(1)

The provision entitled Amount and effective date of contractholder payments from an Investment Account is modified by replacing the first sentence with the following:
A contractholder payment from an Investment Account accumulation can include a lump-sum payment of some or all of the contract’s accumulation in that Account in a specific model in a CPMS under the contract, including payments made to effect a transfer to the Traditional Annuity accumulation or to the companion CREF contract, if any. A contractholder payment from an Investment Account accumulation also includes lump-sum payments and transfers of any part of an employee’s CPMS accumulation in that Investment Account effected to achieve the rebalancing objectives associated with the target allocations of the model in a CPMS.

	
			
	IGRS-CPMS-E2
	 
	Page E3

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