Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.35    
    

Millennium
Pharmaceuticals, Inc. has entered into an employment offer letter on substantially the terms set forth in the attached employment offer letter with each of the below-named executive
officers of Millennium, on the dates indicated: 

	Name of Executive Officer
 
	 	Date of Execution
 

	Linda K. Pine

Robert I. Tepper, M.D.	 	September 27, 1994

May 5, 1994

DATE

NAME

ADDRESS 

Dear

On
behalf of Millennium Pharmaceuticals, Inc. (the "Company"), I am pleased to offer you the position of XXXX reporting to XXXX. 

	1.
	JOB
RESPONSIBILITIES: Your job responsibilities in this position will include the following: 

Your
short-term goals will include: 

Your
long-term goals will include: 

	o
	Actively
participate in recruiting an outstanding scientific and management team for Millennium.

	o
	Creating
and supporting an environment in the Company that is highly motivating, creative, goal-oriented and a place where all
business people and scientists want to work.

	2.
	EFFECTIVE
DATE: The effective date of your full-time employment with the Company is to be determined upon your formal acceptance of this offer.

	3.
	SALARY:
Your base salary will initially be XXXX per annum. Your salary will be paid periodically in accordance with the Company's payroll procedures. In addition, in accordance with
the Company's compensation practices, you will receive, approximately annually, a salary review which will be based on your performance, the Company's performance and such other factors as may be
determined by the Company's Board of Directors.

	4.
	BENEFITS:
You and your dependents will be eligible for the Company's standard medical, dental, life insurance, disability benefits and Section 125 cafeteria plan. After the
standard waiting periods, you will also be eligible to participate in the Company's 401(k) and Employee Stock Purchase plans. You will accrue vacation at the rate of 1.25 days per month of
full-time employment. Standard paid holidays will be observed. Transportation benefits, including a choice of MBTA pass up to $60 or contributory off-site parking, are also
available. The Company, however, reserves the right to modify its employee benefit programs from time-to-time.

	5.
	EQUITY
PARTICIPATION, VESTING OF STOCK: Subject to approval by the Company's Board of Directors, you will be granted an incentive stock option exercisable for XXXX shares of the
Company's Common Stock at an exercise price equal to the current fair market value of the Company's Common Stock as determined by the Company's Board of Directors. This option will vest as to one
fourth (1/4) of the shares on the first anniversary of your commencement of full-time employment with the Company and as to one forty-eighth (1/48) of the
shares at the end of each full month thereafter until all shares are vested, provided that you remain employed by the Company. In the event of your death or total and permanent disability (as defined
in the Internal Revenue Code of 1986, as amended) during the first year of your employment, the initial one-fourth (1/4) of your shares that would have vested at the end of
your first year of employment shall vest. In the event of termination of your employment for any reason (except as set forth in the preceding sentence), vesting shall cease. Please refer to the
Company's Incentive Stock Plan for complete details. 

In
addition, subject to the approval of the respective Boards of Directors of each Millennium subsidiary, you will be granted stock options of 3,000 shares in each subsidiary under the terms of the
Millennium Intercompany Stock Program. These options will each vest as to one forty-eighth (1/48) of the shares monthly. 

	6.
	EMPLOYMENT
PERIOD: Your employment with the Company will be at-will, meaning that you will not be obligated to remain employed by the Company for any specified period of
time; 

likewise,
the Company will not be obligated to continue your employment for any specific period and may terminate your employment at any time, with or without cause. 

	7.
	SEVERANCE:
In the event that your employment is terminated by the Company other than for Justifiable Cause (as defined below, the Company will pay you a severance payment (the
"Severance Payment") equal to 12 months' salary (no stock vesting). The Severance Payment will be payable periodically in accordance with the Company's payroll procedures as then in effect and
the Company's obligation to make the Severance Payment will cease in the event that you accept other employment. In the event your employment is terminated by the Company for Justifiable Cause (as
defined below) or voluntarily by you, you will not be entitled to any Severance Payment. 

For
purposes hereof, the term "Justifiable Cause" shall mean the occurrence of any of the following events: (I) your conviction of, or pleas of nolo contendere with respect to a felony or a
crime involving moral turpitude, (ii) your commission of an act of personal dishonesty or breach of fiduciary duty involving personal profit in connection with the Company, (iii) your
commission of an act, or failure to act, which the Board of Directors of the Company shall reasonably have found to have involved willful misconduct or gross negligence on your part, in the conduct of
your duties hereunder, (iv) habitual absenteeism, alcoholism or drug dependence on your part which interferes with the performance of your duties hereunder, (v) your willful and material
breach or refusal to perform your services as provided herein, (vi) any other material breach by you of the provisions hereof or (vii) your willful and material failure or refusal to
carry out a direct request of the Board of Directors or Chief Executive Officer. In the event that the Company terminates your employment for Justifiable Cause, the Company will provide you with a
statement of the basis for such termination and an opportunity to respond thereto. 

	8.
	EMPLOYMENT
ELIGIBILITY VERIFICATION: Please note that all persons employed in the United States, are required to complete an Employment Eligibility Verification Form on the first day
of employment and submit an original document or documents that establish identity and employment eligibility within three business days of employment. For your convenience, we are enclosing
Form I-9 for your review. You will need to complete Section 1 and present original document(s) of your choice as listed on the reverse side of the form once you begin work.

	9.
	PROPRIETARY
INFORMATION, NO CONFLICTS: You agree to execute the Company's standard form of Invention, Non-Disclosure and Non-Competition Agreement and to be
bound by all of the provisions thereof. You hereby represent that you are not presently bound by any employment agreement, confidential or proprietary information agreement or similar agreement with
any current or previous employer that would impose any restriction on your acceptance of this offer or that would interfere with your ability to fulfill the responsibilities of your position with the
Company.

	10.
	MEDICAL
SURVEILLANCE: As part of Millennium's medical surveillance program, employees are required to have an initial physical, provided at Mt. Auburn Hospital. All laboratory
employees working with hazardous chemical, infectious agents, radio labeled materials or animals shall have access to medical attention, including initial and periodic medical exams without cost to
the employee or loss of pay. An employee may refuse an exam if he/she signs a release. If you want to decline from having the initial physical, please notify Human Resources on your first day at New
Employee Orientation. Your initial surveillance examination will be scheduled to take place during the first week of your employment.

	11.
	NEW
EMPLOYEE ORIENTATION: On the first Monday of your employment with the Company, you should arrive at our 75 Sidney Street location for New Employee Orientation.

	12.
	SIGN-ON
BONUS: The Company will pay you a bonus of XXXX. Payment will be made on the date of the first paycheck following commencement of your full time employment. Should
you terminate for any reason within 12 months of your starting date after having received you bonus, the Company reserves the right to seek repayment of all or a pro-rata portion of
your bonus. 

	13.
	RELOCATION
EXPENSES: Upon your acceptance of this offer, you are eligible for reimbursement of the following expenses associated with your relocation: 

        XXXX 

XXXX,
all of us here at Millennium are very enthusiastic about your commitment to joining the Company and have the highest expectation of your future contributions. 

Please
indicate your acceptance of the foregoing by signing the enclosed copy of this letter and returning it to the Company no later than XXXX. After that date, the offer will lapse. 

Very
truly yours,

MILLENNIUM PHARMACEUTICALS, INC. 

XXXX

XXXX 

The
foregoing is signed and accepted as of the date first above written by: 

	    	 	 	 	    	 	 
	
 XXXXXX	 	 	 	
 Date	 	 

QuickLinks

Exhibit 10.35QuickLinks
 -- Click here to rapidly navigate through this document
  

 
 

Exhibit 10.42    
    

February 15,
2005 

Kenneth
M. Bate

c/o Millennium Pharmaceuticals, Inc.

40 Landsdowne Street

Cambridge, MA 02139 

Dear
Mr. Bate: 

        This
letter memorializes the agreement ("Agreement") between you and Millennium Pharmaceuticals, Inc. ("Millennium" or the "Company") regarding your resignation from employment
with Millennium effective as of January 28, 2005 (the "Resignation Date"). 

	1.
	Continuing Salary and Bonus: Millennium will provide you with the following: (a) continuation of your Millennium base salary at
the annual rate of $401,362.50 ("Base Salary"), for a period of 12 months from the Resignation Date and (b) a bonus payment under the Company's 2004 Success Sharing Program in the amount
of $96,327.00. Millennium will make the base salary continuation payments in regular installments on the normal payroll dates of Millennium, or over a shorter period as determined by Millennium.
Millennium will pay you the bonus at the same time as such payments for other executives of Millennium. All amounts that you receive under this paragraph 1 will be subject to all required tax
withholding.

	2.
	Vacation pay: You are eligible for vacation accrual through the Resignation Date. Any
accrued, unused vacation days will be paid out after the Resignation Date.

	3.
	Continuation of Medical, Dental & Vision Insurance: In accordance with the Federal COBRA Act of 1985, you have the right to
continue your medical, dental & vision insurance for a period of 18 months, if you are enrolled in these programs as of the Resignation
Date. ADP, our COBRA administrator, will be mailing you information regarding your rights under COBRA, an election form for continuation of health plan
coverage, as well as evidence of your prior coverage (HIPAA Certificate) to your home shortly after the Resignation Date. You may contact ADP directly with any questions regarding your COBRA coverage
at 800.422.7608. Throughout the severance period, you will pay the regular employee contribution of the medical, dental & vision insurance premiums unless you elect to end your coverage. You
will be billed directly by ADP if you elect to continue your benefits through COBRA; a deduction will not come out of your severance paychecks. Your employee contributions are currently based on the
following monthly rates: 

	Medical	 	$	138.00
	Vision	 	$	6.00
	Dental	 	$	15.00
	 	 	

	TOTAL:	 	$	159.00

	4.
	GroupLife/Accidental Death &Dismemberment (AD&D), Long Term Disability and Supplemental Life: Your Company paid Group Life
Insurance and AD&D Insurance Plans extend 31 calendar days from the Resignation Date. You may convert your Group Life and AD&D Insurance coverage to an individual insurance policy within 31 calendar
days of the Resignation Date by contacting UnumProvident at 800.421.0344. If you were a participant in the Supplemental Group Term Life Insurance program through UnumProvident, your coverage will
extend 31 calendar days from the Resignation Date, however you may continue your coverage by contacting UnumProvident at 800.421.0344. Your Long Term Disability (LTD) insurance extends 31 days
from the Resignation Date.

	5.
	401K: You may contact Fidelity Investments directly at 800.294.4015 or www.401kXpress.com and they will walk you through your
distribution options. If your vested balance is below $5,000 you must take a distribution within sixty (60) days from the Resignation Date; otherwise your balance 

1

 

will
be distributed to you in the form of a cash payment subject to a mandatory 20% federal tax withholding, other taxes/penalties may apply. 

	6.
	Employee Stock Purchase Plan: Millennium will issue a refund for the balance of your ESPP contributions for the current offering period
if you are a participant in the current period. You will have access to your ESPP account at Smith Barney (SB) as long as you hold shares in that account.

	7.
	Stock Options: After the Resignation Date, you should receive a closing statement in the mail detailing the number of options
exercisable for each of your stock option grants and the last dates to exercise them. If you do not receive this information within ten days of the Resignation Date, you will be responsible for
contacting Smith Barney at 617.570.9533 to obtain this information. You may access your account at www.benefitaccess.com or 617.570.9533. As a general rule, your last day of vesting will be the
Resignation Date. You will have three months from the Resignation Date to exercise options granted either under the 2000 Stock Incentive Plan.

	8.
	Company Property: As of the Resignation Date, you should return all Company property in your possession, including but not limited to
laptop computers, files, office equipment, etc..

	9.
	Non-disclosure and non-competition: You acknowledge your obligation to keep confidential all
non-public information concerning the Company, which you acquired during the course of employment with the Company. As stated more fully in the Invention, Non-Disclosure and
Non-Competition Agreement signed by you at the inception of employment (which remains in full force and effect) (the "NDA"), you will not disclose any such information to, or use such
information for the benefit of, any third party, including competitors of the Company. You further acknowledge and reaffirm your obligations under the NDA and under any other
non-competition agreement previously signed by you for the benefit of the Company and agree that such non-competition obligations will remain in full force and effect.

	10.
	Non-disparagement: You have agreed not to make any disparaging comments, statements or communications about the Company,
its officers its directors or management or business practices. The Company has agreed that it and its officers and directors will not make any disparaging comments, statements or communications about
your employment with the Company. The Company further agrees that it will respond to any outside request for information regarding your employment with a statement restricted to confirming your dates
of employment and your position held. "Disparaging comments, statements or communications" as referred to in this letter shall mean publication, either oral or written, without privilege, of a matter
that is untrue and induces others not to associate with or do business with you or the Company. This paragraph shall not apply to any truthful statement that either you or the Company is required to
make in any legal proceeding, or pursuant to any governmental or regulatory investigation.

	11.
	Release: In consideration of receiving the consideration outlined herein, you hereby release and forever discharge and hold Millennium,
as well as its current and former successors, employees, officers, directors, shareholders, parents, subsidiaries, affiliates and agents, harmless of all claims or suits of any nature whatsoever,
including, but not limited to, any claims under federal, state and local laws that prohibit discrimination (including without limitation, claims of discrimination based on race, age, religion,
national origin, sex, disability or handicap, and sexual orientation) and any claims with respect to breach of contract (express and/or implied), wrongful termination, Worker Adjustment and Retraining
Notification Act and related state statute notification obligations, the Older Workers Benefit Protection Act of 1990 and related state statutes, intentional or negligent infliction of emotional
distress, interference with contractual or advantageous business relations, loss of consortium, invasion of privacy, defamation, payment of wages, debts, costs and expenses, attorneys' fees and other
damages, and any claims arising out of or in any way related to your employment with Millennium, which you now have, may have, or may have had from the beginning of time to the Retirement Date.
Nothing in this paragraph shall be construed in any way to release Millennium from its obligation to indemnify you from any third party action brought against you 

2

 

based
on your employment with Millennium pursuant to any applicable agreement or applicable law or to reduce or eliminate any coverage you may have under Millennium's director and officer liability
policies, if any. 

	12.
	OWBPA Release: As required by the Older Workers Benefit Protection Act of 1990, you acknowledge: (i) that you have been advised
and given the opportunity to consult with your own counsel prior to signing this Agreement; (ii) that you have been given 21 days from the receipt of this Agreement to consider whether
to sign it; (iii) that you have been advised that even after you sign this Agreement, you may revoke it within 7 days of the date of your signing, by delivering a signed revocation
notice to Millennium's Senior Vice-President of Human Resources; (iv) that this Agreement shall not become effective and in force until eight (8) days after you sign it, and
(v) that you will not be entitled to receive the payments described herein until after the 7-day revocation period has expired, and that, should you in fact revoke your acceptance,
none of the payments outlined in Paragraph 1 will be made.

	13.
	Effect of Agreement: This Agreement supersedes the letter agreement between you and the Company dated August 6, 2004 (the
"August Letter"), and the parties specifically acknowledge and agree that the rights and obligations contained in the August Letter shall be of no further force or effect.

	14.
	Governing Law: This Agreement may be amended or modified only by a written instrument executed by you and Millennium. This agreement
will be interpreted and enforced in accordance with the laws of the Commonwealth of Massachusetts. 

Please
acknowledge your agreement by countersigning this letter below. 

	 	 	Sincerely,
	

 	
 	

MILLENNIUM PHARMACEUTICALS, INC.
	

 	
 	

By:	

/s/ Linda Pine
	

 
	 	 	 	Linda Pine

SVP Human Resources	 

AGREED
TO: 

	/s/ Kenneth Bate
 Kenneth Bate

Dated: February 16, 2005	 	 	 	 

3

QuickLinks

Exhibit 10.42

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}]]