Document:

Exhibit 10.7

 

	
 
    	
 
    	
Quanterix
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
113 Hartwell Ave
    
	
 
    	
 
    	
Lexington, MA 02421
    
	
 
    	
 
    	
tel: 617.301.9400
    
	
 
    	
 
    	
fax: 617.301.9401
    
	
 
    	
 
    	
www.quanterix.com
    

 

Mark Roskey

 

August 8, 2014

 

Dear Mark:

 

Quanterix Corporation (the “Company”) is pleased to offer you the full-time position of Vice President/General Manager, Applications and Reagents.  Your effective date of hire as a regular full-time employee will be September 1, 2014.  We are excited about the prospect of you joining our team.

 

Salary:  The Company will pay you a salary at a bi-weekly rate of $8,846.16 (the equivalent of $230,000.16 annually), subject to periodic review and adjustment at the discretion of the Company.

 

Bonus:  You will be eligible to receive an annual performance bonus.  The Company will target the bonus at up to 35% of your annual base salary earnings.  The actual bonus percentage is discretionary and will be subject to the Company’s assessment of your performance, as well as business conditions at the Company.  The bonus also will be subject to your employment for the full period covered by the bonus, approval by and adjustment at the discretion of the Company and Company’s Board of Directors, and the terms of any applicable bonus plan.

 

Benefits:  You will be eligible to participate in the employee benefits and insurance programs generally made available to its full-time employees, including medical insurance, dental insurance, 401K Plan, Flexible Spending Account, term life insurance, and short and long term disability insurance.  Details of these benefits programs, including mandatory employee contributions, will be made available to you when you start.  You also will be eligible to receive paid vacation time.  You will be eligible for up to 15 days of paid vacation per year, which shall accrue on a prorated basis.  Other provisions of the Company’s vacation policy are set forth in the policy itself.

 

Stock Options:  You will be eligible to participate in the Company’s stock option program, subject to approval by the Board of Directors.  We will recommend to the Board of Directors, at the next scheduled meeting to approve options, that you be granted an option to purchase 400,000 shares of the Company’s common stock at the stock’s then fair market value.  Your eligibility for stock options will be governed

 

 

by the Quanterix 2007 Stock Option and Grant Plan and any associated stock option agreement required to be entered into by you and the Company.  Specific to this grant only, we Representation Regarding Other Obligations:  This offer is conditioned on your representation that you are not subject to any confidentiality, non-competition agreement or any other similar type of restriction that may affect your ability to devote full time and attention to your work at the Company.  If you have entered into any agreement that may restrict your activities on behalf of the Company, please provide me with a copy of the agreement as soon as possible.

 

Other Terms:  Your employment with the Company shall be on an at-will basis.  In other words, you or the Company may terminate employment for any reason and at any time, with or without notice.  Similarly, the terms of employment outlined in this letter are subject to change at any time.  You also will be required to sign the Company’s standard “Employee Non-Competition, Non-Solicitation, Confidentiality and Assignment Agreement” as a condition of your employment.  A copy of that Agreement is enclosed.  In addition, as with all employees, our offer to you is contingent on your submission of satisfactory proof of your identity and your legal authorization to work in the United States.

 

We are excited about the opportunity to work with you at Quanterix.  If you have any questions about this information, please do not hesitate to call.  Otherwise, please confirm your acceptance of this offer of employment by signing below and returning a copy to me no later than end of day today, August 8.  We are confident that with your background and skills, you will have an immediate positive impact on our organization.

 

 

Sincerely,

 

 

	
/s/ Sandy Lazzari (Sandy Lazzari   on behalf of Kevin Hrusovsky)
    	
 
    
	
Kevin Hrusovsky
    	
 
    
	
Executive Chairman of the Board
    	
 
    

 

 

Offer accepted:

 

 

	
/s/ Mark T. Rosky
    	
8/11/2014
    	
 
    
	
Employee’s Name
    	
DateExhibit 10.8

 

	
 
    	

    
	
 
    	
113 Hartwell Ave
    
	
 
    	
Lexington, MA 02421
    
	
 
    	
 
    
	
 
    	
tel: 617.301 9400
    
	
 
    	
fax: 617.301 9401
    
	
 
    	
 
    
	
 
    	
www.quanterix.com
    

 

March 20, 2017

 

Marijn Dekkers

 

Re: Position on the Board of Directors of Quanterix Corporation

 

Dear Marijn:

 

We are pleased to offer you the opportunity to join the Board of Directors (the “Board”) of Quanterix Corporation (“Quanterix”). This is an exciting time for Quanterix, and we believe that your skills and experience can greatly assist in moving Quanterix forward. We would like to provide you with further information regarding your service and compensation as a member of the Board.

 

1.         Appointment. Your official appointment requires an action by our Board as well as certain shareholders, which we anticipate will occur soon after we receive your acceptance of the terms described herein (the date of such approvals, the “Effective Date”). You will serve as a Director of the Board (a “Director”) from the Effective Date until you voluntarily resign, are removed from the Board or are not reelected or reappointed. Your rights, duties and obligations as a Director shall be governed by applicable provisions of law and Quanterix’s Amended and Restated Certificate of Incorporation and By-Laws, each as amended from time to time (collectively, the “Governing Documents”).

 

2.         Stock Option Grant; Equity Investment. In consideration of your services to Quanterix as a Director, as of the Effective Date you will be granted a non-statutory stock option to purchase an aggregate of 100,000 shares of Quanterix’s common stock (the “Option”) under Quanterix’s 2007 Stock Option and Grant Plan, as amended from time to time (the “Plan”) at an exercise price equal to the fair market value as determined by the Board on the date of grant. The Option shall vest over four (4) years for so long as you are providing services to Quanterix as a Director or otherwise as an employee or consultant to Quanterix, with 25% vesting on the anniversary of the Effective Date and the remaining 75% vesting in thirty-six (36) equal monthly installments thereafter. The Option will be subject to the terms of the Plan and the related stock option agreement issued pursuant to the Plan. In addition, you will be given the opportunity to participate in any private

 

 

 

placement financing transaction that Quanterix may enter into prior to completion of an initial public offering on the same terms as other investors in such transaction.

 

3.         Reimbursement for Board Duties. While you continue to serve as a non-employee Director, Quanterix will pay you $25,000 per year, payable in quarterly installments (pro-rated for 2017). In addition, you will also be reimbursed for your reasonable out-of-pocket expenses in attending Board and committee meetings. You will be responsible for all applicable withholding taxes for all compensation paid to you.

 

4.         Proprietary Information. In your role as a Director of Quanterix, you will be expected not to use or disclose any confidential information, including trade secrets, of any former employer or other person to whom you have an obligation of confidentiality. Additionally, you will receive confidential and proprietary information belonging to Quanterix, which you will have a duty of care and a duty of loyalty to protect.

 

5.         Nature of Relationship. Your relationship with Quanterix will be as a member of the Board and will not involve an employment or consulting relationship. In your role as a Director you will be asked to attend, either in person or by telephone at least six (6) regularly scheduled formal Board meetings a year and such other interim Board meetings or calls as may be appropriate and you may be asked to serve on one or more committees of the Board. Exhibit A to this Agreement sets forth the regularly scheduled formal Board meetings that are remaining for the 2017. As a member of the Board, you will be expected to learn Quanterix’s business model and strategy, and use this knowledge as the basis for providing critique and guidance at Board and committee meetings.

 

6.         Indemnification. You will receive indemnification as a Director to the maximum extent extended to directors and certain executives of Quanterix generally, as provided by the Governing Documents, an indemnification agreement entered into by you and Quanterix and as set forth in any director and officer insurance that Quanterix may have and maintain from time to time.

 

This letter, together with the documents relating to your option grant, forms the complete and exclusive statement of our understanding with respect to your service on the Board. The terms in this letter supersede any other agreements or promises made to you by anyone, whether oral or written.

 

Please sign and date this letter and return it to me to confirm the terms upon which you will be appointed to the Board.

 

 

	
 
    	
Very truly yours,
    
	
 
    	
 
    
	
 
    	
QUANTERIX CORPORATION
    
	
 
    	
 
    
	
 
    	
 
    	
/s/ Kevin Hrusovsky
    
	
 
    	
 
    	
Kevin Hrusovsky
    
	
 
    	
 
    	
Executive Chairman of the Board
    
	
 
    	
 
    
	
Accepted and Agreed:
    	
 
    
	
 
    	
 
    
	
/s/ Marijn Dekkers
    	
 
    	
3/20/17
    
	
Marijn Dekkers
    	
Date
    
				

 

EXHIBIT A

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