Document:

Exhibit
10.23

 

FORM OF CHANGE OF CONTROL
AGREEMENT

 

This Change of Control Agreement (the “Agreement”) is
made and entered into [**Date**], by and between DeCrane Aircraft Holdings,
Inc. (the “Company”) and [**Name of Executive**] (“Executive”) based on the
following facts:

 

A.                     Executive is
currently employed by the Company in the capacity as [**Executive’s Title**]
and is a key executive of the Company.

 

B.                       The Company
desires to define the terms and conditions of any termination of employment
upon a Change of Control (as defined herein) in the Company.

 

Based on the foregoing facts and circumstances and for
good and valuable consideration, receipt of which is hereby acknowledged, the
Company and Executive agree as follows:

 

	
  1.

  	
  Term of Agreement.  Except as otherwise provided herein, the
  term of this Agreement shall commence effective the date hereof and shall
  continue for one year (the “Term”).

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
  A.

  	
  Compensation Upon
  Termination Following a Change of Control.  In the event that (i) a Change of Control
  shall have occurred during the term of this Agreement and while Executive is
  employed by the Company and (ii) the Executive’s employment shall be
  involuntarily terminated for any reason on a date which is less than 2 years
  after the date of the Change of Control (whether during or after the term of
  this Agreement) other than for Cause, death or disability or Executive shall
  terminate his employment for Good Reason, then the Company shall make the
  following payments to Executive within 15 days following the date of such
  termination of employment (the “Termination Date”), subject in each
  case to any applicable payroll or other taxes required to be withheld.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (1)

  	
   

  	
  The Company shall pay
  Executive a lump sum amount in cash equal to the sum of (a) Executive’s
  monthly base salary multiplied by a number equal to 12 minus the number of
  whole months elapsed from the date of the Change of Control to the
  Termination Date (the “Multiplier”) and (b) Executive’s average annual
  bonus including in such average any such annual bonus earned (even though
  such bonus may be paid in the year following the year in which earned),
  (computed over the shorter of (x) the period of Executive’s employment by the
  Company or (y) five calendar years each as measured to the day-immediately
  preceding the Termination Date) divided by 12 and multiplied by the
  Multiplier.

  

 

1

 

	
   

  	
   

  	
  (2)

  	
   

  	
  The Company shall pay
  Executive a lump sum amount in cash equal to accrued but unpaid salary and
  bonus through the Termination Date, and unpaid salary with respect to any
  vacation days accrued but not taken as of the Termination Date.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  B.

  	
  Definitions.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (1)

  	
   

  	
  As used in this
  Agreement, “Change of Control” shall mean an event involving the Company of a
  nature that would be required to be reported in response to Item 6(e) of
  Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act
  of 1934, as amended (the “Exchange Act”), assuming that such Schedule,
  Regulation and Act applied to the Company, provided that such a Change of
  Control shall be deemed to have occurred at such time as:  (i) any “person” (as that term is used in
  Sections 13(d) and 14(d)(2) of the Exchange Act) (other than an Excluded
  Person (as defined below)) becomes, directly or indirectly, the “beneficial
  owner” (as defined in Rule 13d-3 under the Exchange Act) of securities
  representing 20% or more of the combined voting power for election of members
  of the Board of Directors of the then outstanding voting securities of the
  Company or any successor of the Company, excluding any person whose
  beneficial ownership of securities of the Company or any successor is
  obtained in a merger or consolidation not included in paragraph (iii) below;
  (ii) during any period of two consecutive years or less, individuals who at
  the beginning of such period constituted the Board of Directors of the
  Company cease, for any reason, to constitute at least a majority of the
  Board, unless the appointment, election or nomination for election of each
  new member of the Board (other than a director whose initial assumption of
  office is in connection with an actual or threatened election contest,
  including but not limited to a consent solicitation, relating to the election
  of directors of the Company) was approved by a vote of at least two-thirds of
  the members of the Board of Directors then still in office who were members
  of the Board at the beginning of the period or whose appointment, election or
  nomination was so approved since the beginning of such period; (iii) there is
  consummated any merger, consolidation or similar transaction to which the
  Company is a party as a result of which the persons who were equity holders
  of the Company immediately prior to the effective date of the merger or
  consolidation shall have beneficial ownership of less than 50% of the
  combined voting power for election of members of the Board of Directors (or
  equivalent) of the surviving entity or its

  

 

2

 

	
   

  	
   

  	
   

  	
   

  	
  parent following the
  effective date of such merger or consolidation; (iv) any sale or other
  disposition (or similar transaction) (in a single transaction or series of
  related transactions) of (x) 50% or more of the assets or earnings power of
  the Company or (y) business operations which generated a majority of the
  consolidated revenues (determined on the basis of the Company’s four most
  recently completed fiscal quarters for which reports have been completed) of
  the Company and its subsidiaries immediately prior thereto, other than a
  sale, other disposition, or similar transaction to an Excluded Person or to
  an entity of which equityholders of the Company beneficially own at least 50%
  of the combined voting power; (v) any liquidation of the Company.  For purposes of this definition of Change
  of Control, the term “Excluded Person” shall mean and include (i) any
  corporation beneficially owned by shareholders of the Company in
  substantially the same proportion as their ownership of shares of the Company
  and (ii) the Company.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (2)

  	
   

  	
  As used in this
  Agreement, “Good Reason” shall mean the occurrence, following a Change of
  Control, of anyone of the following events without Executive’s consent: (i)
  the Company assigns Executive to any duties substantially inconsistent with
  his position, duties, responsibilities, status or reporting responsibility
  with the Company immediately prior to the Change of Control, or assigns
  Executive to a position that does not provide Executive with substantially
  the same or better compensation, status, responsibilities and duties as
  Executive enjoyed immediately prior to the Change of Control; (ii) the
  Company reduces the amount of Executive’s base salary as in effect as of the
  date of the Change of Control or as the same may be increased thereafter from
  time to time, except for across-the-board salary reductions similarly
  affecting all senior executives of the Company; (iii) the Company fails to
  pay Executive an annual bonus consistent with past practices and bonuses
  consistent with past practices are paid to any other senior executives of the
  Company; (iv) the Company changes the location at which Executive is employed
  by more than 50 miles from the location at which Executive is employed as of
  the date of this Agreement; or (v) the Company breaches this Agreement in any
  material respect, including without limitation failing to obtain a succession
  agreement from any successor to assume and agree to perform this Agreement.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (3)

  	
   

  	
  For Cause.  As used in this Agreement, “Cause” shall
  mean (i) any material act of dishonesty constituting a felony (of which
  Executive is convicted or pleads guilty) which results or is

  

 

3

 

	
   

  	
   

  	
   

  	
   

  	
  intended to result
  directly or indirectly in substantial gain or personal enrichment to
  Executive at the expense of the Company, or (ii) after notice of breach
  delivered to Executive specifying in reasonable detail and a reasonable
  opportunity for Executive to cure the breaches specified in the notice, the
  Board, acting by a two thirds vote, after a meeting held for the purpose of
  making such determination and after reasonable notice to Executive and an
  opportunity for him together with his counsel to be heard before the Board,
  determines, in good faith, other than for reasons of physical or mental
  illness, Executive willfully and continually fails to substantially perform
  his duties pursuant to this Agreement and such failure results in
  demonstrable material injury to the Company. 
  The following shall not constitute Cause: (i) Executive’s bad judgment
  or negligence, (ii) any act or omission by Executive without intent of
  gaining therefrom directly or indirectly a profit to which Executive was not
  legally entitled, (iii) any act or omission by Executive with respect to
  which a determination shall have been made that Executive met the applicable
  standard of conduct prescribed for indemnification or reimbursement of
  payment of expenses under the By-Laws of the Company or the laws of the State
  of Delaware as in effect at the time of such act or omission.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
  Mitigation.  Executive is not required to seek other
  employment or otherwise mitigate the amount of any payments to be made by the
  Company pursuant to this Agreement.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
  Assignment.  Neither Company nor Executive shall have
  the right to assign its respective rights pursuant to this Agreement.  The Company shall require any proposed
  successor (whether direct or indirect, by purchase, merger, consolidation or
  otherwise) to all or substantially all of the business and/or assets of the
  Company, by agreement in form and substance reasonably satisfactory to
  Executive, to expressly assume and agree to perform this agreement in the
  same manner and to the same extent that the Company would be required to
  perform it if no such succession had taken place, concurrent with the
  execution of a definitive agreement with the Company to engage in such
  transaction.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
  This Agreement shall be
  binding on the inure to the benefit of Executive and his heirs and the
  Company and any permitted assignee. 
  The Company shall not engage in any transaction, including a merger or
  sale of assets unless, as a condition to such transaction such successor
  organization assumes the obligations of the Company pursuant to this
  Agreement.

  

 

4

 

	
  6.

  	
  Notices.

  
	
   

  	
   

  
	
   

  	
  If to Company:

  	
  DeCrane Aircraft
  Holdings, Inc.

  
	
   

  	
   

  	
  2361 Rosecrans Avenue,
  Suite 180

  
	
   

  	
   

  	
  El Segundo, CA 90245

  
	
   

  	
   

  	
  Attention: Chief
  Financial Officer

  
	
   

  	
   

  	
  Fax: 310-643-0746

  
	
   

  	
   

  	
   

  
	
   

  	
  If to Executive:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Fax:

  
	
   

  	
   

  
	
  7.

  	
  Facsimile
  Signatures.  Execution and Delivery.  This Agreement shall be effective upon
  transmission of a signed facsimile by one party to the other.

  
	
   

  	
   

  
	
  8.

  	
  Miscellaneous.  This Agreement supersedes and makes void
  any prior agreement between the parties and sets forth the entire agreement
  and understanding of the parties hereto with respect to the matters covered
  hereby, and may not otherwise be amended or modified except by written
  agreement executed by the Company and the Executive.  This Agreement shall be governed by and
  construed in accordance with the laws of the State of California.

  

 

This Agreement has been
executed on the date specified in the first paragraph.

 

	
   

  	
  DECRANE AIRCRAFT
  HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Authorized Signature

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  EXECUTIVE

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  [**Name of Executive**]

  

 

5EXHIBIT 10.12

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT (this
“AGREEMENT), is made and entered into as of the 1st day of April, 2000 (the
“EFFECTIVE DATE”), by and between INTERLEUKIN GENETICS, INC., a Texas
corporation (“EMPLOYER”), and PHILIP R. REILLY, an individual (“EMPLOYEE”).

 

R E C I T A L S

 

A. Employer desires to obtain
the benefit of the services of Employee and Employee desires to render such
services to Employer.

 

B. The Board of Directors of
Employer (the “BOARD”) has determined that it is in Employer’s best interest to
employ Employee and to provide certain benefits to Employee.

 

C. Employer and Employee desire
to set forth the terms and conditions of Employee’s employment with Employer on
the terms and subject to the conditions of this Agreement

 

A G R E E M E N T

 

In consideration of the
foregoing recitals and of the mutual covenants and conditions contained herein,
the parties, intending to be legally bound, agree as follows:

 

1. TERM. Employer agrees to
employ Employee, and Employee agrees to serve Employer, in accordance with the
terms of this Agreement, for a term (the “TERM”) beginning on the Effective
Date and continuing for a period of three (3) years thereafter unless earlier
terminated in accordance with the provisions hereof.

 

2.
EMPLOYMENT OF EMPLOYEE.

 

(a) SPECIFIC POSITIONS. Employer and Employee hereby agree that,
subject to the provisions of this Agreement, Employer will employ Employee and
Employee will serve as an employee of Employer. Employee shall have the title
and perform the duties set forth on EXHIBIT A hereto and such other reasonable,
usual and customary duties of such office as may be delegated to Employee from
time to time by the Board, subject always to the policies as reasonably
determined from time to time by the Board. The place of employment will be
within a sixty mile radius of Boston, MA.

 

(b) PROMOTION OF EMPLOYER’S BUSINESS. During the Term, Employee shall
not engage in any business competitive with Employer. Employee agrees to devote
his full business time, attention, knowledge, skill and energy to the business,
affairs and interests of Employer and matters related thereto, and shall use
his best efforts and abilities to promote Employer’s interests; PROVIDED,
HOWEVER, that Employee is not precluded from devoting reasonable periods to
time required: (i) for serving as a director or committee member of any
organization that does not compete with Employer or that does not involve a
conflict of interest with Employer; (ii) for managing his personal investments;
so long as in either case, such activities do not materially interfere with the
regular performance of his duties under this Agreement or (iii) for delivering
lectures in the area of genetics and bioethics. Employer acknowledges that
Employee will maintain a consulting relationship with Gene Sage Incorporated,
based in San Francisco, California, with the understanding that this
relationship will not conflict with Employee’s duties with Employer.

 

3. SALARY. Employer shall pay
to Employee during the term of this Agreement a base salary (“BASE SALARY”) of
$325,000.00 per year, payable in equal monthly installments. The Base Salary
may be increased (but not decreased) annually at the Employer’s sole discretion
throughout the Term on each anniversary of the Effective Date in the discretion
of Employer’s Board of Directors.

 

 

4. BONUS. In addition to the
Base Salary, Employee shall also receive a bonus, if any, as determined
annually by the Board of Directors of Employer in its sole discretion.

 

5. STOCK OPTIONS. In addition,
Employee shall receive an award of 500,000 stock options, of which 148,606 are
incentive stock options and 351,394 are non-qualified stock options. This award
was made effective December 1, 1999, the Employee’s hire date under previous
agreement, and is at a strike price of $2.875. This award will vest over 36
months in equal increments commencing December 1, 1999m unless Employee’s
employment is terminated prior to expiration of that 36 month period. These
awards will be covered in detail by separate Option Agreements.

 

In the event there is a change
of control of the Company, all outstanding unvested options will immediately
vest.  A change in control of the
Company shall be defined here as a purchase of the majority of the outstanding
common stock by an outside entity not organized solely for the purpose of
investment.

 

6.
BENEFITS.

 

(a) FRINGE BENEFITS. During Employee’s employment by Employer under
this Agreement, Employee shall be eligible for participation in and shall be
covered by any and all such medical, disability, life and other insurance plans
and such other similar benefits available to other executive employees.
Employer will pay $2,720 to Employee each year on the annual anniversary date
of this agreement, as reimbursement for life insurance premiums. Employee shall
receive a monthly automobile allowance of $600.00.

 

(b) REIMBURSEMENTS. During Employee’s employment with Employer under
this Agreement, Employee shall be entitled to receive prompt reimbursement of
all reasonable expenses incurred by Employee in performing services hereunder,
including all expenses of travel at the request of, or in the service of,
Employer provided that such expenses are incurred and accounted for in
accordance with the policies and procedures established by Employer.

 

(c) VACATION. During Employee’s employment with Employer hereunder,
Employee shall be entitled to an annual vacation leave of four (4) weeks at
full pay, which shall be adjusted in accordance with the vacation policy
generally applicable to employees of the Employer and Holdings.

 

7.
TERMINATION.

 

(a) TERMINATION FOR CAUSE.
Employer shall have the right, exercisable immediately upon written notice, to
terminate Employee’s employment for “Cause.”

 

(i) DEFINITION OF CAUSE. As used herein, “CAUSE” means any of the
following: (A) habitual drunkenness under the influence of alcohol by Employee
or illegal use of narcotics; (B) Employee is convicted by a court of competent
jurisdiction, or pleads “no contest” to, a felony or any other conduct of a
criminal nature (other than minor traffic violations) by Employee; (C) Employee
engages in fraud, embezzlement, or any other illegal conduct; (D) Employee
imparts confidential information relating to Employer or its business to
competitors or to other third parties other than in the course of carrying out
Employee’s duties; (E) Employee refuses to perform his duties hereunder or
otherwise breaches any covenant, warranty or representation of this Agreement
or Employee’s Non-Disclosure and Confidentiality Agreement executed
concurrently herewith, and, except for any conduct described in clauses (A)
through (D) of this Section 6(a)(i), fails to cure such breach (if such breach
is then capable of being cured) within ten (10) business days following written
notice thereof specifying in reasonable detail the nature of such breach, or if
such breach is not capable of being cured in such time, a cure shall not have
been diligently initiated within such ten (10) business day period.

 

(ii) EFFECT OF TERMINATION. Upon termination in accordance with this
Section 6(a), Employee shall be entitled to no further compensation hereunder
other than the Base Salary

 

 

and other benefits accrued hereunder through, but not including, the
effective date of such termination. Employer’s exercise of its right to
terminate for Cause shall be without prejudice to any other remedy to which it
may be entitled at law, in equity or under this Agreement.

 

(b) VOLUNTARY TERMINATION. Employee may terminate his employment at any
time by giving no less than thirty (30) days’ written notice to Employer.

 

(i) NO REASON. Upon termination in accordance with this Section 6(b),
except as otherwise provided in Section 6(b)(ii), below, Employee shall be
entitled to no further compensation hereunder other than the Base Salary and
other benefits accured hereunder through, but not including, the effective date
of such termination.

 

(ii) GOOD REASON. Notwithstanding anything to the contrary in Section
6(b)(i), above, if Employee terminates his employment under this Section 6(b)
for Good Reason (as defined below), Employee shall be entitled to receive from
Employer all of the compensation and benefits provided for in Section 6(e),
below. As used herein, “GOOD REASON” means any of the following: (A) the
assignment to Employee of duties materially inconsistent with those of other
employees of Employer in like positions where Employee provides written notice
to Employer within six (6) months of such assignment that such duties are
materially inconsistent with those duties of similarly situated employees and
Employer fails to release Employee from his obligation to perform such
inconsistent duties within twenty (20) business days after Employer’s receipt
of such notice; or (B) a failure by Employer to comply with any other material
provision of Sections 3 through 5, inclusive, of this Agreement which has not
been cured within fifteen (15) business days after notice of such noncompliance
has been given by Employee to Employer, or if such failure is not capable of
being cured in such time, a cure shall not have been diligently initiated by
Employer within such fifteen (15) business day period.

 

(c) TERMINATION DUE TO DEATH OR DISABILITY. This Agreement shall
automatically terminate upon the death of Employee. In addition, if Employee is
unable to perform the essential functions of his job with or without a
reasonable accommodation because of a physical or mental impairment for a
period of six (6) months, Employer may terminate Employee’s employment upon
written notice to Employee. Upon termination in accordance with this Section
6(c), Employee (or Employee’s estate, as the case may be) shall be entitled to
no further compensation hereunder other than the Base Salary and other benefits
accrued hereunder through, but not including, the date of death or, in the case
of disability, the date or termination.

 

(d) TERMINATION UPON CESSATION OF BUSINESS. Employer shall have the
right to immediately terminate Employee’s employment under this Agreement upon
a “Cessation of Business.” For purposes of this Agreement, a “CESSATION OF
BUSINESS” shall mean Employer’s ceasing to operate in the ordinary course of
business, whether by dissolution, liquidation, sale of assets, consolidation,
merger or otherwise, in connection with, pursuant to or arising out of a good
faith determination by the Board that the continuing operation of the business
in its ordinary course is reasonably likely to render Employer unable to meet
its liabilities as they mature. Upon termination in accordance with the Section
6(d), Employee shall be entitled to no further compensation hereunder other
than the Base Salary and other benefits accrued hereunder through, but not
including, the effective date of such termination. If Employee is so terminated
by Employer pursuant to this Section 6(d) during the Term, Employer shall (i)
pay to Employee the Base Salary, and (ii) provide the same health insurance
benefits to which Employee was entitled hereunder, in each case (i.e., the Base
Salary and health insurance benefits), until the earlier to occur of (A) the
expiration of the remaining portion of the Term, or (B) the expiration of the
three (3) month period commencing on the date Employee is terminated. Employer
may make such payments in accordance with its regular payroll schedule or in a
single lump sum payment in its sole discretion.

 

(e) TERMINATION WITHOUT CAUSE.
Employer shall have the right, exercisable upon 30 days’ prior written notice,
to terminate Employee’s employment under this Agreement for any reason other
than set forth in Sections

 

 

6(a), (c) and (d), above, at
any time during the Term. If Employee is so terminated by Employer pursuant to
this Section 6(e) during the Term, Employer shall (i) pay to Employee the Base
Salary, and (ii) provide the same health insurance benefits to which Employee
was entitled hereunder, in each case (i.e., the Base Salary and health
insurance benefits), until the earlier to occur of (A) the expiration of the
remaining portion of the Term, or (B) the expiration of the twelve (12) month
period commencing on the date Employee is terminated. Employer may make such
payments in accordance with its regular payroll schedule or in a single lump
sum payment in its sole discretion.

 

8.
MISCELLANEOUS.

(a) WITHHOLDINGS. All payments
to Employee hereunder shall be made after reduction for all federal, state and
local withholding and payroll taxes, all as determined under applicable law and
regulations, and Employer shall make all reports and similar filings required
by such law and regulations with respect to such payments, withholdings and
taxes.

 

(b) SUCCESSION. This Agreement
shall inure to the benefit of and shall be binding upon Employer, its
successors and assigns. The obligations and duties of Employee hereunder shall
be personal and not assignable.

 

(c) NOTICES. Any and all
notices, demands, requests or other communications hereunder shall be in
writing and shall be deemed duly given when personally delivered to or
transmitted overnight express delivery or by facsimile to and received by the
party to whom such notice is intended (provided the original thereof is sent by
mail, in the manner set forth below, on the next business day after the
facsimile transmission is sent), or in lieu of such personal delivery or
overnight express delivery or facsimile transmission, on receipt when deposited
in the United States mail, first-class, certified or registered, postage
prepaid, return receipt requested, addressed to the applicable party at the
address set forth below such party’s signature to this Agreement. The parties
may change their respective addresses for the purpose of this Section 8(c) by
giving notice of such change to the other parties in the manner which is
provided in this Section 8(c).

 

(d) ENTIRE AGREEMENT. This
Agreement contains the entire agreement of the parties relating to the subject
matter hereof, and it replaces and supersedes any prior agreements between the
parties relating to said subject matter.

 

(e) HEADINGS. The headings of
Sections herein are used for convenience only and shall not affect the meaning
of contents hereof.

 

(f) WAIVER; AMENDMENT. No
provision hereof may be waived except by a written agreement signed by the
waiving party. The waiver of any term or of any condition of this Agreement
shall not be deemed to constitute the waiver of any other term or condition.
This Agreement may be amended only by a written agreement signed by the parties
hereto.

 

(g) SEVERABILITY. If any of the
provisions of this Agreement shall be held unenforceable by the final determination
of a court of competent jurisdiction and all appeals therefrom shall have
failed or the time for such appeals shall have expired, such provision or
provisions shall be deemed eliminated from this Agreement but the remaining
provisions shall nevertheless be given full effect. In the event this Agreement
or any portion hereof is more restrictive than permitted by the law of the
jurisdiction in which enforcement is sought, this Agreement or such portion
shall be limited in that jurisdiction only to the extent required by the law of
that jurisdiction.

 

(h) GOVERNING  LAW. 
This  Agreement  shall be 
governed  by and construed in
accordance with the laws of the State of Texas.

 

(i) ARBITRATION. Any dispute
arising out of or relating to this Agreement, or the breach, termination or the
validity hereof, shall be settled by arbitration in accordance with the
Commercial Arbitration Rules of the American Arbitration Association. Judgment
upon the award rendered by the arbitrator or arbitrators may be entered in any
court having jurisdiction thereof. THE ARBITRATOR OR ARBITRATORS ARE NOT
EMPOWERED TO AWARD DAMAGES IN EXCESS OF COMPENSATORY DAMAGES (INCLUDING
REASONABLE ATTORNEYS FEES AND EXPERT WITNESS FEES) AND EACH PARTY HEREBY
IRREVOCABLY WAIVES ANY RIGHT TO RECOVER SUCH DAMAGES (INCLUDING, WITHOUT
LIMITATION, PUNITIVE DAMAGES) IN ANY FORUM. The arbitrator or arbitrators may
award equitable relief in those circumstances

 

 

where monetary damages would be
inadequate. The arbitrator or arbitrators shall be required to follow the
applicable law as set forth in the governing law section of this Agreement. The
arbitrator or arbitrators shall award reasonable attorneys fees and costs of
arbitration to the prevailing party in such arbitration.

 

IN WITNESS WHEREOF, the parties
have executed this Agreement as of the date first set forth above.

 

	
  “EMPLOYER”:

  	
   

  	
  “EMPLOYEE”:

  
	
   

  	
   

  	
   

  
	
  INTERLEUKIN
  GENETICS, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ KENNETH
  S. KORNMAN

  	
   

  	
  /s/ PHILIP
  R. REILLY

  	
   

  
	
  KENNETH S.
  KORNMAN

  	
   

  	
  PHILIP R.
  REILLY

  
	
   

  	
   

  	
   

  
	
  Address:

  	
   

  	
  Address:

  
	
   

  	
   

  	
   

  
	
  100 N.E.
  Loop 410, Suite 820

  	
   

  	
  145 Monument
  St.

  
	
  San Antonio,
  TX 78216

  	
   

  	
  Concord, MA
  01742

  
					

 

 

EXHIBIT A

 

DESCRIPTION OF JOB

 

TITLE:

 

Chairman of the Board and Chief
Executive Officer

 

DUTIES
AND RESPONSIBILITIES:

 

1.   Plan and execute overall corporate strategy

 

2.   Conduct Board of Directors meetings as required

 

3.   Lead the Company’s business development activities

 

4.   Other activities as designated by the Board of Directors.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00050-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00050-of-00352.parquet"}]]