Document:

EX-10.11

 Exhibit 10.11 
 313 Acquisition LLC Unit Plan 
 SECTION 1. Purpose. The purpose of
this 313 Acquisition LLC Unit Plan (the “Plan”) is to promote the interests of 313 Acquisition LLC, a Delaware limited liability company (the “Company”) and its Subsidiaries, and their respective Affiliates, by
(i) attracting and retaining exceptional officers and other employees, non-employee directors and consultants of the Company and its Subsidiaries and (ii) enabling such individuals to acquire an equity interest in and participate in the
long-term growth and financial success of the Company. 
 SECTION 2. Definitions. Capitalized terms used in this Plan but
not expressly defined in this Plan shall have the respective meanings ascribed such terms in the LLC Agreement (as defined below). As used in this Plan, the following terms shall have the meanings set forth below: 

“Award” shall mean the grant of the right to purchase and/or acquire Class A Units and/or Class B Units. 

“Company” has the meaning specified in the Section 1 hereof. 

“Effective Date” shall mean November 16, 2012, which is the date on which this Plan was initially adopted by the
Board. 
 “LLC Agreement” shall mean the Amended and Restated Limited Liability Company Agreement of the
Company, dated as of November 16, 2012, as may be amended, modified or supplemented from time to time. 

“Participant” shall mean any officer or other employee, non-employee director or consultant of the Company or its
Subsidiaries eligible for an Award under Section 5 and selected by the Board to receive an Award under this Plan. 

“Plan” has the meaning specified in the Section 1 hereof. 

“Securityholders Agreement” means the Securityholders Agreement, dated as of November 16, 2012, by and among the
Company and each of the Members party thereto, as it may be amended or supplemented from time to time. 
 “Subscription
Agreement” shall mean any written agreement, contract, or other instrument or document (which may include provisions of an employment agreement to which the Company is a party) evidencing any Award granted hereunder. 

SECTION 3. Units Subject to this Plan. The total number of Units that may be issued pursuant to Awards under this Plan is
374,062,836 allocated among the classes of Units as follows: 
 (a) 300,000,000 purchased or granted Class A Units; and

 (b) 74,062,836 purchased or granted Class B Units. 

 Units which are subject to Awards which terminate or lapse without any payment in respect thereof may be
granted again under this Plan. 
 SECTION 4. Administration. 

(a) This Plan shall be administered by the Board. Subject to the terms of this Plan and applicable law, and in addition to other express
powers and authorizations conferred on the Board by this Plan, the Board shall have full power and authority to: (i) designate Participants; (ii) determine the number and/or class of Units to be covered by an Award;
(iii) determine the terms and conditions of any Award; (iv) determine whether, to what extent, and under what circumstances Awards may be settled, exercised, canceled, forfeited, or suspended; (v) interpret, administer, reconcile any
inconsistency, correct any default and/or supply any omission in this Plan and any instrument or agreement relating to an Award made under this Plan; (vi) establish, amend, suspend, or waive such rules and regulations and appoint such agents as
it shall deem appropriate for the proper administration of this Plan; and (vii) make any other determination and take any other action that the Board deems necessary or desirable for the administration of this Plan. 

(b) All designations, determinations, interpretations, and other decisions under or with respect to this Plan or any Award shall be
within the sole discretion of the Board, may be made at any time and shall be final, conclusive, and binding upon all persons, including the Company, any Subsidiary, any Participant, any holder or beneficiary of any Award, and any member of the
Company. 
 SECTION 5. Eligibility. Any officer or other employee, non-employee director or consultant to the Company or
any of its Subsidiaries (including any prospective officer, employee, non-employee director or consultant) shall be eligible to be designated a Participant. 
 SECTION 6. Awards. 
 (a) Grant. Subject to the provisions of this
Plan, the Board shall have sole and complete authority to determine the Participants to whom Awards shall be granted, the purchase price, if any, of an Award, the number and class or classes of Units to be covered by each Award and the
conditions and restrictions applicable to the Award. 
 (b) Subject to LLC Agreement/Securityholders Agreement. As a
condition to the grant of an Award, the Participant will be required to become a party to a Subscription Agreement, the LLC Agreement, and the Securityholders’ Agreement. All Awards granted hereunder and Units acquired will be held subject to
the terms and conditions of the LLC Agreement, the Securityholders Agreement, and the applicable Subscription Agreement. 
 (c)
Adjustments. Notwithstanding any other provisions in the LLC Agreement to the contrary, in the event of any change in the outstanding Units after the Effective Date by reason of any equity dividend or split, reverse equity split,
reorganization, recapitalization, reclassification, merger, consolidation, spin-off, combination, or transaction or exchange of Units or other corporate exchange, or any distribution to Members of equity or cash (other than regular cash
distributions) or any transaction similar to the foregoing (regardless of 

  
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whether outstanding Units are changed), the Board in its sole discretion and without liability to any Person shall make such substitution or adjustment or proportionate adjustment, if any, as it
deems to be equitable, as to (i) the vesting terms under any Subscription Agreement, (ii) the distribution priorities contained in the LLC Agreement and/or (iii) any other affected terms of any Award. 

SECTION 7. Amendment and Termination. 
 (a) Amendments to this Plan. The Board may amend, alter, suspend, discontinue, or terminate this Plan or any portion thereof at any time; provided that any such amendment, alteration,
suspension, discontinuance, or termination that would be reasonably expected to have a material adverse effect on the rights of any Participant or other holder of an Award theretofore granted shall not be effective without the consent of the
affected Participant. 
 (b) Amendments to Awards. The Board may waive any conditions or rights under, amend any terms
of, or alter, suspend, discontinue, cancel or terminate, any Award theretofore granted, prospectively or retroactively; provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination not expressly
contemplated by this Plan that would be reasonably expected to have a material adverse effect on the rights of any outstanding Award shall not be effective without the consent of the affected Participant. 

SECTION 8. General Provisions. 
 (a) No Rights to Awards. No person shall have any claim to be granted any Award, and there is no obligation for uniformity of treatment of Participants or beneficiaries of Awards. The terms and
conditions of Awards and the Board’s determinations and interpretations with respect thereto need not be the same with respect to each Participant (whether or not such Participants are similarly situated). 

(b) Certificates. All certificates, if any, evidencing Units or other securities of the Company or any Subsidiary delivered under
this Plan shall be subject to such stop transfer orders and other restrictions as the Board may deem advisable under this Plan or the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which
such securities are then listed, and any applicable Federal or state laws, and the Board may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

(c) Withholding. A Participant may be required to pay to the Company or any Subsidiary and the Company or any Subsidiary shall
have the right and is hereby authorized to withhold from any payment due or transfer made under any Award or under this Plan or from any compensation or other amount owing to a Participant the amount (in cash, securities, or other property) of any
applicable withholding taxes in respect of an Award or any payment or transfer under an Award or under this Plan and to take such other action as may be necessary in the opinion of the Company to satisfy all obligations for the payment of such
taxes. 
 (d) No Right to Employment. The grant of an Award shall not be construed as giving a Participant the right to
be retained in the employ of, or in any consulting relationship 

  
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with, the Company or any Subsidiary. Further, the Company or a Subsidiary may at any time dismiss a Participant from employment or discontinue any consulting relationship, free from any liability
or any claim under this Plan, unless otherwise expressly provided in this Plan or in any Subscription Agreement. 
 (e)
Governing Law. The validity, construction, and effect of this Plan shall be determined in accordance with the laws of the State of Delaware applicable to contracts made and to be performed therein. 

(f) Severability. If any provision of this Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable
in any jurisdiction or as to any person or Award, or would disqualify this Plan or any Award under any law deemed applicable by the Board, such provision shall be construed or deemed amended to conform the applicable laws, or if it cannot be
construed or deemed amended without, in the determination of the Board, materially altering the intent of this Plan or the Award, such provision shall be stricken as to such jurisdiction, person or Award and the remainder of this Plan and any such
Award shall remain in full force and effect. 
 SECTION 9. Term of this Plan. 

(a) Effective Date. This Plan shall be effective as of the Effective Date. 

(b) Expiration Date. No Award shall be granted under this Plan after the tenth anniversary of the Effective Date. Unless otherwise
expressly provided in this Plan or in an applicable Subscription Agreement, any Award granted hereunder may, and the authority of the Board to amend, alter, adjust, suspend, discontinue, or terminate any such Award or to waive any conditions or
rights under any such Award shall, continue after such date. 
 *    *    * 

  
 4EX-10.1

 Exhibit 10.1 
  

					
	

	  	 Paul Davies
 Vice President

Human Resources
	 	 Regeneron Pharmaceuticals, Inc.
 777 Old Saw
Mill River Road
 Tarrytown, NY 10591-6707

			
		  		 	 Phone       914 847 7600

Fax            914 847 7790

E-mail      paul.davies@regeneron.com

www.regeneron.com

 September 3, 2013 
 Robert
Landry 
 Dear Bob, 
 On behalf of Regeneron Pharmaceuticals,
Inc. I am pleased to confirm our offer for the position of Senior Vice President of Finance, Deputy Chief Financial Officer, reporting to Leonard Schleifer, President and CEO. Your start date will be September 9th, 2013. On or about October 1st 2013 you will become Senior Vice President of Finance, Chief Financial Officer, reporting to Leonard
Schleifer. 
 COMPENSATION: 
 Base
Salary: We are offering you an annualized compensation of $500,000.00 paid at a bi-weekly rate of $19,230.77 subject to tax and other customary deductions. This is a full-time exempt position which means you are not entitled to overtime pay.

 Sign-On Bonus: 
  

	 	•	 	Upon the start of your employment with Regeneron, we will make a one-time, lump-sum payment to you in the amount of $50,000.00, less applicable federal, state and local taxes. This bonus will be paid out on the first
payday after your start date. 

  

	 	•	 	Regeneron will provide a further one-time lump-sum payment of $50,000.00, less applicable federal, state and local taxes on the first payday following the 6 month anniversary of your start date and contingent upon your
continued employment with Regeneron. 

 Please be advised that these payments will be subject to repayment if you leave
Regeneron prior to completing one full year of service from the receipt date of each of the above mentioned bonuses in accordance with the Company’s policy. 

Performance Bonus: You will be eligible for consideration for an annual discretionary bonus based on your performance for 2014
(all subject to change in accordance with our compensation plan and approvals), which shall be paid by the Company in its sole discretion. The target bonus for Senior Vice President of Finance is currently 45%. You will not be
eligible to receive any such bonus or a portion of bonus for any years if you are not actively employed by the Company on the date on which bonuses are paid out. Payout of this bonus, if eligible, is expected to be in early 2015. 

 

			
	September 3, 2013	  	Initial: /s/ REL    
	Robert Landry	  	

 Stock Options: As an added incentive, you will be awarded an option to purchase
80,000 shares of Regeneron common stock in accordance with Regeneron’s Second Amended and Restated 2000 Long-Term Incentive Plan and your award agreement thereunder. These options will be granted on your hire date. (Subject to the approval of
the Compensation Committee of Regeneron’s Board of Directors.) The exercise price of the options will be determined by the average of the high and low price of Regeneron’s stock on the date of grant. Shortly after the Committee approves
the new hire grant on that date, you will receive your Notification of Grant Award, a Plan Description and a FAQ for your review and records. The stock options will vest at 25% per year over four years. 

Since you are employed by the company after July 1st, 2013 you will not be eligible
for consideration for an annual stock option award (all subject to change in accordance with our compensation plan and approvals). 

Restricted Stock Award: As a further incentive, you will receive a grant of 5,000 shares of restricted stock in accordance with
Regeneron’s Second Amended and Restated 2000 Long-Term Incentive Plan and your award agreement thereunder. These restricted shares will be granted on your hire date. (Subject to the approval of the Compensation Committee of Regeneron’s
Board of Directors.) These shares of restricted stock will vest in their entirety on the fifth anniversary of the grant date (five year “cliff vesting”), with no partial vesting before the fifth anniversary of the date of the grant. 

Tax Planning: You will also be eligible for tax planning and other benefits generally available to Senior Vice Presidents. 

CHANGE IN CONTROL: Upon approval by the Compensation Committee, you will be eligible for the Regeneron Pharmaceuticals, Inc. Change in Control
Severance Plan. All current Senior Vice Presidents are considered “Group 2” Executives. I have enclosed a copy of the Plan for your information. 

PAID TIME OFF: Annual paid time off will be twenty-three (23) days per calendar year prorated based on your effective date of employment and shall
accrue thereafter according to Company Policy. With other Regeneron employees, you will also receive the week between the Christmas and New Year’s holidays off with pay. 

HEALTH AND WELFARE BENEFITS: Coverage for group insurance, e.g., medical, dental, vision, life insurance, and short and long term disability, will be
provided in accordance with the terms and conditions of each Plan. Coverage for medical, dental, vision, and life insurance will become effective on your first day of employment.  

SAVINGS PLAN (401K): You will be eligible to participate in the Regeneron 401(k) Plan immediately upon your first day of employment. As soon as
our 401(k) plan administrators receives your information from payroll they will send you a notice telling you that you will be automatically enrolled in the plan at a rate of 3% and that you have 30 days to either opt out of the plan or to set a
different percentage. The 401(k) plan allows for a matching contribution in Regeneron stock each year. 
 On your first day of employment we will
provide you with an orientation designed to review benefits, facilities, corporate policies, and safety procedures and practices. 
  

			
	September 3, 2013	  	Initial: /s/ REL    
	Robert Landry	  	

 CONTINGENCIES: This offer is contingent upon: 

 

	 	•	 	Verification of employment authorization. The Immigration & Reform Control Act of 1986 requires that we verify the employment authorization of every employee hired in order to determine if the individual is
legally authorized to work in the United States. Employment is conditional on providing proof of eligibility within 3 days of your start date. You must present an original document which establishes both employment authorization and identity, or a
combination of an original document which establishes employment authorization and a separate original document which establishes identity. 

  

	 	•	 	Successful completion of reference checks and a receipt of a positive background report. This report will verify your previous employment(s), education and certifications, and will check criminal court records, if any.

  

	 	•	 	Our review of, and our being satisfied in our sole discretion regarding, your existing agreement(s) with your current employer to the extent such agreement(s) remain(s) in effect after the cessation of your employment
with such employer. 

  

	 	•	 	Your signing of the Agreement of Certain Terms and Conditions of Employment on your start date. I have enclosed a sample copy of the Agreement of Certain Terms and Conditions of Employment for your review.

 This offer is not intended to constitute a contract, nor does it guarantee employment for any specific period of time. If, at any time, for
any reason, you or Regeneron choose to terminate the employment arrangement, either party is free to do so. 
 To indicate your concurrence and acceptance
please initial all pages and sign the third page of this letter, return the duplicate to me, and retain the original for your records. The effective date of this agreement is September 9th,
2013. 
 We wish you the best and trust you will find your work with Regeneron both rewarding and satisfying. Please feel free to call me at 914-847-7600 if
you have any questions. 
 Sincerely, 
 /s/ Paul Davies 

Paul Davies 
 Vice President, Human Resources 

I accept this offer of employment on the conditions outlined above. 

			
	
		
	Signed:	 	/s/ Robert E. Landry

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