Document:

Exhibit 10.9

Exhibit 10.9

CLEAN WIND ENERGY, INC. 

EXECUTIVE EMPLOYMENT AGREEMENT

This Executive Employment Agreement (this “Agreement”), is made as of the
22nd day of September, 2010, by and between Clean Wind Energy, Inc., a Delaware
corporation (the “Company”), and Ownkar Persaud (“Executive”).

Recitals

Executive is to be employed by the Company as Chief Financial Officer. The Board of
Directors of the Company recognizes Executive as a key officer of the Company, and consequently
has approved the terms and conditions of the continued employment of Executive as set forth
herein and has authorized the execution and delivery of this Agreement.

Agreement

NOW THEREFORE, for and in consideration of the foregoing and of the mutual covenants of the
parties herein contained, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

1. Employment. The Company hereby employs Executive to serve in the capacities described
herein and Executive hereby accepts such employment and agrees to perform the services described
herein upon the terms and conditions hereinafter set forth.

2. Term. The term of Executive’s employment pursuant to this Agreement shall commence as
of the date hereof and shall terminate on the third (3rd) anniversary of the date
hereof, subject to earlier termination in accordance with Section 6 hereof and the other terms,
provisions, and conditions set forth herein (the “Term”). The Term shall be renewable for
One (1) -year periods upon the mutual agreement of the parties.

3. Duties. During the Term, Executive shall serve as and have the title of Chief Financial
Officer of the Company. Executive agrees to devote the time, energy, and skills to such employment
on a full-time basis and otherwise as is required to properly and fully perform his duties under
this Agreement. Executive agrees to use his reasonable best efforts to advance the goals of the
Company.

4. Compensation.

(a) Base Compensation. The Company shall pay Executive, and Executive agrees to
accept, base compensation at the rate of $100,000 per year in equal Bi-weekly installments
commencing as of November 1, 2010, through the Term of this Agreement (the “Base
Compensation”). The Base Compensation may be increased at any time during the Term of this
Agreement at the discretion of the Board of Directors. No increase in the Base Compensation shall
at any time operate as a cancellation of this Agreement; any such increase shall operate merely as
an amendment hereof, without any further action by Executive or the Company. If any such increase
or increases shall be so authorized, all of the terms, provisions and conditions of
this Agreement shall remain in effect as herein provided, except that the Base Compensation shall
be deemed amended to set forth the increased amount of such Base Compensation to Executive.

 

 

 

(b) Bonus Compensation. Executive shall be eligible to receive an annual bonus
(“Bonus Compensation”) following the end of each fiscal year of the Company during the Term
of Executive’s employment under this Agreement. The amount of Executive’s Bonus Compensation, if
any, shall be determined by the Board of Directors of the Company, in its sole discretion, based
upon the performance of Executive and the Company during such fiscal year.

(c) Founder Stock. Executive shall be granted 2,500 shares of the Company’s
common (of 100,000 shares currently authorized of which 75,000 shares have been issued) stock
representing Founder Stock in consideration for payment of $ 2.50 and the Executive’s
contributions towards the establishment of the Company. Executive’s Founder Share ownership is
subject to the following conditions during the 36 month term of this Agreement:

(i) If the Executive’s employment is terminated voluntarily at any time during the first
twelve (12) months, all Founder shares are forfeited and returned to the Company.

(ii) In the event that the Executive’s employment is terminated due to death at any time
during the first twelve (12) months of this Agreement, fifty (50%) percent of the Founder
shares will be distributed to the Executive’s designated beneficiary and the remaining shares will
be forfeited and returned to the Company.

(iii) In the event that the Executive’s employment is terminated due to death at any time
after the first twelve (12) months of this Agreement, fifty (50%) percent of the Founder
shares will be distributed to the Executive’s designated beneficiary plus an additional number of
shares equal to l/24th of the remaining fifty (50%) percent of the founder’s shares for
each month the Executive was employed by the Company during the
13th
through the 24th
month of this Agreement prior to termination. All remaining shares will be forfeited and returned
to the Company.

(iv) In the event that the Executive’s employment is terminated by disability, twenty five
(25%) of the Executive’s Founder shares are owned without condition and the remaining Founder
shares will be distributed to the Executive based on the formula of 1/36th of the remaining seventy
five (75%) percent of the founder’s shares for each month the Executive was employed by the
Company prior to termination due to disability. All remaining shares will be forfeited and
returned to the Company.

5. Benefits.

(a) In General. Executive shall be eligible to participate in any incentive,
insurance, pension or other employee benefit plans approved by the Board of Directors that now or
hereafter may be made available to employees of the Company and for which Executive will qualify
according to his eligibility under the provisions thereof.

 

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(b) Paid Time Off. During the Term of this Agreement, Executive shall be entitled to
Three (3) weeks paid time off per calendar year, to be taken at such times that do not
materially
interfere with the development or operations of the Company. Any paid time off not taken
during any calendar year shall not be carried over into subsequent calendar years.

(c) Travel Expense. Employee shall receive $400 per month, for travel expenses, while
traveling to the corporate offices at 1997 Annapolis Exchange Blvd, Annapolis, Maryland
21401, from Employees existing location.

6. Expenses. During the Term, Executive shall be reimbursed for business-related expenses
incurred on behalf of the Company in accordance with the travel and entertainment expense policy
of the Company as adopted by the Board of Directors from time to time and in effect at the time
the expense was incurred. Executive agrees to maintain such records and documentation of all such
expenses to be reimbursed by the Company as the Company shall require and in such detail as the
Company may reasonably request.

7. Termination. Executive’s employment under this Agreement may be terminated prior to
expiration of the Term of this Agreement in accordance with the following paragraphs.

(a) Mutual Agreement. Executive’s employment under this Agreement may be terminated
upon the mutual written agreement of the Company and Executive.

(b) Death or Disability. Executive’s employment under this Agreement shall be
terminated upon the death of Executive. Executive’s employment under this Agreement may be
terminated upon thirty (30) days’ written notice to Executive if Executive shall be unable to
perform his duties substantially as required by this Agreement by reason of physical or mental
disability or incapacity (from any cause or causes whatsoever) and Executive shall fail to perform
such duties substantially as required for a period of more than thirty (90) days, whether or not
continuous, in any continuous sixty (120) day period.

(c) For Cause. Executive’s employment under this Agreement may be terminated
immediately by the Company for Cause (as defined below). For purposes of this Agreement, the term
“Cause” shall mean the existence or occurrence of one or more of the following conditions
or events:

(i) if the Company’s Board of Directors determines in its discretion that the services
provided by Executive fall materially below the Company’s expectations as communicated to
Executive and are not corrected within thirty (30) of receipt of written notice;

(ii) commission of willful and intentional acts involving gross misconduct (including,
without limitation, theft, fraud or embezzlement) on Executive’s part;

(iii) Executive’s conviction of, or plea of guilty or nolo contendere to, a felony or a crime
involving moral turpitude;

(iv) habitual drunkenness or substance abuse by Executive; or

 

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(v) a material breach by Executive of any provision of this Agreement or of any contractual or
legal duty to the Company, including, but not limited to, the unauthorized disclosure of
confidential information, and willful material non-compliance with the written policies, guidelines
and procedures of the Company, that remains uncured after thirty (30) business days following a
written notice from the Board of Directors of the Company to cure.

8. Severance — Mutual Agreement Death or Disability or For Cause

(a) In the event Executive’s employment under this Agreement is terminated (i) by reason of
mutual agreement, (ii) in connection with Executive’s death or disability, (iii) by the Company
for Cause, the Company shall pay Executive (or in the case of death, his heirs and/or personal
representatives), within thirty (30) days after the date of termination, Executive’s Base
Compensation and benefits and all expenses payable under Section Six (6) hereof through such date
of termination, and the Company shall have no further obligation to provide compensation or
benefits to Executive under this Agreement; provided, however, that to the extent that any of the
Company’s benefit plans provide rights or benefits after an employee’s termination, Executive may
continue to receive such rights or benefits in accordance with the terms of such plans. Upon
dissolution or liquidation of the Company, or upon a merger or consolidation in which the Company
is not the surviving corporation, Options awarded to the Executive under the ESOP and not
previously exercised and vested shall become fully exercisable and vested no later than the date
of such dissolution, merger or consolidation, and the Executive shall have the right to exercise
such Executive’s Options in whole or in part at any time within the next four (4) years.

9. Change in Control. The term “change in control” means the first to occur of the
following events:

(i) any person or group of commonly controlled persons acquires, directly or indirectly,
fifty percent (50%) or more of the voting control or value of the equity interests in the
Company; or

(ii) the shareholders of the Company approve an agreement to merge or consolidate with
another corporation or other entity resulting (whether separately or in connection with a
series of transactions) in a change in ownership of fifty percent (50%) or more of the
voting control or value of the equity interests in the Company, or an agreement to sell
or otherwise dispose of all or substantially all of the Company’s assets (including,
without limitation, a plan of liquidation or dissolution), or otherwise approve of a
fundamental alteration in the nature of the Company’s business.

10. Severance — Change in Control. In the event Executive’s employment under this
Agreement is terminated by a Change in Control as defined in 9, none of the Executive’s
Founders shares shall be cancelled. The Company shall continue to pay Executive his Base
Compensation and the Company shall pay the full cost of providing health and group life
insurance for the Executive, his spouse and eligible dependent children and any other such
benefits as the Company may choose to offer the employees of the Company until the date three
(3) months from the date of such termination, paid in accordance with the Company’s regular
payroll practices. Within thirty (30) days after the date of termination, the Company shall
reimburse Executive for all expenses payable under Section Six (6) hereof through such date of
termination. Except as set forth in this Section 9, the Company shall have no further obligation to
provide compensation or benefits to Executive under this Agreement; provided, however, that to the
extent that any of the Company’s benefit plans provide rights or benefits after an employee’s
termination, Executive may continue to receive such rights or benefits in accordance with the terms
of such plans.

 

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11. Confidential Information. Executive recognizes and acknowledges that he will have
access to certain confidential information of the Company and of entities with whom the Company
does business, and that such information constitutes valuable, special and unique property of the
Company and such other entities. During the Term of this Agreement and for a period of two (2)
years immediately following the date of termination of this Agreement, Executive agrees not to
disclose or use any confidential information, including without limitation, information concerning
the Company’s financial condition, research and development activities, technologies, product
designs and/or specifications, “know-how,” prices, customers, prospects, methods of doing
business, marketing and promotional activities, or any information or knowledge with respect to
confidential information or trade secrets of the Company, it being understood that such
confidential information does not include information that is publicly available unless such
information became publicly available as a result of a breach of this Agreement. Executive
acknowledges and agrees that all notes, records, reports, sketches, plans, unpublished memoranda
or other documents belonging to the Company, but held by Executive, concerning any information
relating to the Company’s business, whether confidential or not, are the property of the Company
and will be promptly delivered to it upon Executive’s leaving the employ of the Company. Executive
also agrees to execute such confidentiality agreements that the Board of Directors may adopt, and
may modify from time to time, as a standard form to be executed by all employees of the Company,
to the extent such standard forms are not materially more restrictive than the provisions of this
Agreement.

12. Intellectual Property.

Company acknowledges and agrees that all discoveries, inventions, designs, improvements, formulas,
formulations, ideas, devices, writings, publications, study protocols, study results, computer
data or programs, or other intellectual property, whether or not subject to patent or copyright
laws, which Executive shall conceive solely or jointly with others, in the course or scope of his
employment with the Company (collectively referred to herein as “Intellectual Property”),
shall be the sole and exclusive property of the Company without further compensation to the
Executive. Inventions, if any, patented or unpatented, which I made prior to the commencement of
my employment with the Company are excluded from the scope of this Agreement. To preclude any
possible uncertainty, I have set forth on Exhibit A Employee Proprietary Information and
Inventions Agreement a summary list of Inventions that I have, alone or jointly with others,
conceived, developed, or reduced to practice or caused to be conceived, developed, or reduced to
practice prior to the commencement of my employment with the Company, that I consider to be my
property or the property of third parties and that I

 

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wish to have excluded from the scope of this Agreement. If disclosure of any such Inventions on
Exhibit A would cause me to violate any prior confidentiality agreement, I understand that I am
not to list such Inventions in Exhibit A of the Company’s Employee Proprietary Information and
Inventions Agreement but am to inform the Company that not all such Inventions have been listed
for that reason. Notwithstanding the foregoing, I hereby grant the Company a world-wide,
unrestricted, perpetual, non-exclusive, royalty-free, and irrevocable right (including the right
to sublicense) to practice any Inventions that I made prior to the commencement of my employment
with the Company, whether or not such Inventions are listed on Exhibit A of the Company’s Employee
Proprietary Information and Inventions Agreement.

13. Non-Competition; Non-Solicitation. Executive acknowledges that the services of Executive
to be rendered hereunder are of a special and unusual character that have a unique value to the
Company and the conduct of its business, the loss of which cannot adequately be compensated by
damages in an action at law. In view of the unique value to the Company of the services of
Executive for which the Company has contracted hereunder, and because of the confidential
information to be obtained by or disclosed to Executive as herein above set forth, and as a
material inducement to the Company to enter into this Agreement and to pay and make available to
Executive the compensation and other benefits referred to herein, Executive covenants and agrees as
follows:

(b) Non-Solicitation. While employed by the Company and for a period of One (1) year
thereafter, Executive shall not directly or indirectly, for himself or for any other person,
business, firm, corporation, partnership, association or other entity, attempt to employ or enter
into any contractual arrangement with any current or former employee, nonemployee instructor, or
other independent contractor performing services for the Company, unless such person has not been
employed by or otherwise performed services for the Company for a period of more than two (2)
months.

(c) Non-Competition. While employed by the Company and for a period of One (1) year
thereafter, Executive shall not, directly or indirectly, engage in, operate, have any investment
or interest or otherwise participate in any manner (whether as an employee, officer, director,
partner, agent, security holder, creditor, consultant or otherwise) in any Competing Business (as
defined below); provided, that Executive may continue to hold securities and/or acquire, solely as
an investment, shares of capital stock or other equity securities of any company that is publicly
traded, so long as Executive does not control, acquire a controlling interest in, or become a
member of a group which exercises direct or indirect control of, more than five percent (5%) of
any class of capital stock of such company. For purposes of this Agreement, the term
“Competing Business” means any corporation, company, partnership, sole proprietorship,
business, or other person or entity that is engaged in the design, development of energy resources
and or the production of electrical energy.

 

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Executive has carefully read and considered the provisions of Sections 9 and 11 hereof and
agrees that the restrictions set forth in such sections are fair and reasonable and are reasonably
required for the protection of the interests of the Company, its officers, directors,
shareholders, and other employees, for the protection of the business of the Company. Executive
acknowledges that he is qualified to engage in businesses other than those that are subject to
this Section 11. It is the belief of the parties, therefore, that the best protection that can be
given to the Company that does not in any way infringe upon the rights of Executive to engage in
any unrelated businesses is to provide for the restrictions described above. In view of the
substantial harm which would result from a breach by Executive of Sections 9 or 11, the parties
agree that the restrictions contained therein shall be enforced to the maximum extent permitted by
law. In the event that any of said restrictions shall be held unenforceable by any court of
competent jurisdiction, the parties hereto agree that it is their desire that such court shall
substitute a reasonable judicially enforceable limitation in place of any limitation deemed
unenforceable and that as so modified, the covenant shall be as fully enforceable as if it had
been set forth herein by the parties.

14. Remedies.

Except as provided in the next paragraph, in the event that a dispute arises between Executive
and the Company concerning any matter under this Agreement, such dispute shall be resolved through
binding arbitration which shall be conducted before three (3) impartial arbitrators. One arbitrator
shall be selected by each party and the two arbitrators who are so selected shall select the third
arbitrator. Any such arbitration shall be held in Montgomery County, Maryland. The arbitrators
shall reach a decision in the arbitration based on the facts of the matter and applicable law. The
Company and the Executive shall equally share all costs and fees in connection with the
arbitration.

The restrictions set forth in Sections 9 and 11 are considered to be reasonable for the
purposes of protecting the business of the Company. The Company and Executive acknowledge that the
Company would be irreparably harmed and that monetary damages would not provide an adequate remedy
to the Company if the covenants contained in Sections 9 and 11 were not complied with in
accordance with their terms. Accordingly, Executive agrees that the Company shall be entitled to
injunctive and other equitable relief to secure the enforcement of these provisions, in addition
to any other remedy which may be available to the Company. Any legal action commenced by the
Company to secure the enforcement of Section 9 and 11 shall be commenced in Montgomery County,
Maryland. The prevailing party in any such legal action shall be entitled to receive from the
other party reimbursement for the reasonable attorneys’ fees and expenses incurred by the
prevailing party. The provisions of sections 9 and 11 of this Agreement shall survive the
termination of this Agreement, regardless of the circumstances or reasons for such termination,
and inure to the benefit of the Company.

15. Notices. Any notice required or permitted to be given under this Agreement shall be
sufficient if in writing and if sent by registered mail to the addresses below or to such other
address as either party shall designate by written notice to the other:

If to Executive, to the address set forth below his signature on the signature page hereof.
If to the Company to:

Clean Wind Energy, Inc.

1997 Annapolis Exchange Boulevard

Suite 300

Annapolis Maryland, 21401

 

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16. General Provisions.

(d) This Agreement contains the entire agreement of the Company and Executive, and the
Company and Executive hereby acknowledge and agree that this Agreement supersedes any prior
statements, writings, promises, understandings or commitments. No future oral statements, promises
or commitments with respect to the subject matter hereof, or other purported modification hereof,
shall be binding upon the parties hereto unless the same is reduced to writing and signed by each
party hereto.

(e) The rights and obligations of the Company under this Agreement shall inure to the benefit
of and shall be binding upon the successors and assigns of the Company. Executive may not assign
his rights and obligations under this Agreement.

(f) This Agreement shall be subject to and governed by the laws of the State of Maryland,
without regard to the conflicts of laws principles thereof.

(g) The section headings contained herein are for reference purposes only and shall not in
any way affect the meaning or the interpretation of this Agreement.

(h) The failure of any party to enforce any provision of this Agreement shall in no manner
affect the right to enforce the same, and the waiver by any party of any breach of any provision
of this Agreement shall not be construed to be a waiver by such party of any succeeding breach of
such provision or a waiver by such party of any breach of any other provision.

(i) In the event any one or more of the provisions of this Agreement shall for any reason be
held invalid, illegal or unenforceable, the remaining provisions of this Agreement shall be
unimpaired, and the invalid, illegal or unenforceable provision shall be replaced by a mutually
acceptable valid, and enforceable provision which comes closest to the intent of the parties.

(j) This Agreement may be executed in any number of counterparts, each of which shall
constitute an original and all of which together shall constitute one and the same instrument.

 

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The parties have executed this Employment Agreement as of the day and year first above written.

	 	 	 	 	 
	 	THE COMPANY:

Clean Wind Energy, Inc.

 	 
	 	/s/ Stephen Sadle
 	 
	 	By: Stephen Sadle 	 
	 	Its:  Chief Operating Officer 	 
	 
	 	EXECUTIVE:

 	 
	 	/s/ Ownkar Persaud
 	 
	 	By: 	 	Ownkar Persaud 	 
	 	Address: 	 	1 Timber Rock Rd.

Gaithersburg, MD 20878 	 

 

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CLEAN WIND ENERGY, INC.

EXECUTIVE EMPLOYMENT AGREEMENT AMENDMENT

This Amendment to Executive Employment Agreement (this “Agreement”), is made as
of the 22nd day of November, 2010, by and between Clean Wind Energy, Inc., a
Delaware corporation (the “Company”), and Ownkar Persaud
(“Executive”)
pursuant to a resolution of all the founding directors of Clean Wind Energy, INC., a Delaware
corporation (the “Corporation”), by unanimous written consent in lieu of an organizational
meeting of the directors in accordance with section 141(f) of the Delaware General
Corporation Law.

Modification of Founder Stock Terms in Founders Employment Agreements

RESOLVED, that the Founder Stock-Section (C) sub-section (i) of the Founders Employment
Agreements dated September 22, 2010 be amended with the following changes:

(i) During the first twelve (12) months of employment: (a) If the Executive’s
employment is terminated voluntarily at any time during the first 90 days, all Founder
shares are forfeited and returned to the Company, (b) If the Executive’s employment is
terminated voluntarily at any time after the first 90 days, 90% of the Founder shares are
forfeited and returned to the Company.

Executive Employment Agreement is hereby amended according to the General Provisions-Section
14 Sub-section (a) by the signature of the Executive acknowledging this Amendment.

	 	 	 
	Executive

	 	Company
	 
	 	 
	/s/ Ownkar Persaud

	 	/s/ Ronald Pickett
	 

	 	 
	Ownkar Persaud

	 	Ronald Pickett, Chief Executive OfficerExhibit 10.1

Exhibit 10.1

December 23, 2010

Dr. Jean-Pierre Sommadossi

2 Avery Street, Apt 21e

Boston, MA 02111

Re: Separation and Benefits Payable Pursuant to Employment Agreement, dated May 6, 2003, as
amended to and including the date hereof (the “Employment Agreement”), by and between Jean-Pierre
Sommadossi (“You”) and Idenix Pharmaceuticals, Inc. (the “Company”)

Dear Dr. Sommadossi:

1. Confirmation. This letter agreement (the “Agreement”) confirms the cessation of
your employment with the Company as of October 31, 2010 (the “Separation Date”), following your
resignation on October 28, 2010 as a director and officer of the Company and from any similar
position of each of its subsidiaries. You have executed all documents provided to you by the
Company to effect such resignations.

 

 

 

2. Timing. The Company will provide you with the severance benefits you are entitled
to receive upon a Covered Termination (as defined in the Employment Agreement) pursuant to Section
5.A of the Employment Agreement and as specifically set forth below if you sign and return this
Agreement to me on or before December 23, 2010 and you do not revoke this Agreement on or before
the Non-Revocation Date (as defined below). Such benefits will be paid in
accordance with the terms and conditions set forth in the Employment Agreement and as detailed
and modified below. By timely signing and returning this Agreement and not revoking your
acceptance, you will be entering into a binding agreement with the Company and will be agreeing to
the terms and conditions set forth below, including the release of Claims (as defined below).
Therefore, you are advised to consult with an attorney before signing this Agreement and you have
been given at least twenty-one (21) days to do so. If you sign this Agreement, you may change your
mind and revoke your agreement during the seven (7) day period after you have signed it by
notifying me in writing. If you do not so revoke, this Agreement will become a binding agreement
between you and the Company upon the expiration of the seven (7) day period (the “Non-Revocation
Date”). If you choose not to sign and return this Agreement in a timely manner as set forth above,
or if you timely revoke your acceptance in writing, you shall not receive any of the benefits set
forth in Section 5.A of the Employment Agreement from the Company.

 

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3. Severance, Etc. With respect to salary and bonus amounts and equity awards due to
you under Section 5.A of the Employment Agreement, the Company and you agree that (a) the amount
payable to you pursuant to Section 5.A (i) of the Employment Agreement is $1,960,000.00; (b) the
amount payable to you under Section 5.A (ii) of the Employment Agreement is $286,980.82; and (c)
the equity award due to you under Section 5.A (iii) of the Employment Agreement is an option to
purchase 329,863 shares of the Company’s common stock, $0.001 par value per share at the fair
market value per share of such
common stock on the date of grant (the “Severance Option Grant”). The total amount of
$2,246,980.82 payable to you under Section 5.A(i) and (ii) of the Employment Agreement shall be
paid to you in payments of (i) $490,000 in the January 14, 2011 payroll and (ii) 1,756,980.82 on
the day that is six months and one day after your Separation Date (that is, to be paid on May 2,
2011). The Severance Option Grant to purchase 329,863 shares has been granted to you on October
28, 2010 under the Company’s 2005 Stock Incentive Plan and the exercise price with respect to such
award is $4.28, which was the average of the opening and closing prices per share of the Company’s
common stock as reported on Nasdaq on the date of grant. In addition, pursuant to Section 5.A(iv)
of the Employment Agreement, and notwithstanding anything to the contrary contained in the
Employment Agreement, any Stock Incentive Plan of the Company, any Stock Option Agreement, other
Company plan or any other agreement between the Company and you, all unvested options held by you
on the Separation Date (including the Severance Option Grant) (which will, together with options
which were vested on the Separation Date, in the aggregate, allow you to acquire an aggregate of
2,336,113 shares of the Company’s common stock (the “Options”)) became vested and all Options
became immediately exercisable, in each case, immediately prior to your cessation of employment on
the Separation Date, and the period of time during which the Options may be exercised shall be (and
hereby is) amended to be the 24 month period after the Separation Date (or to the end of the
applicable Option’s term, whichever is earlier); provided that to the extent any Option was not
exercisable on the Separation Date without regard to
this vesting, it cannot be exercised until the Non-Revocation Date. In accordance with
Section 5.A (vi) of the Employment Agreement you have been paid on November 15, 2010 any earned but
unpaid amounts and any accrued but unused and unpaid vacation days, in each case, unpaid or accrued
as of the Separation Date. There are no outstanding unreimbursed business expenses incurred by
you.

 

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For such period of time after your Separation Date as you are eligible for, and elect to
receive, continuation health coverage under COBRA, the Company will provide you and your eligible
dependents with such coverage under the Company’s group health plans covering its senior
executives. You shall be required to pay the full COBRA premium for such coverage. In lieu of any
other medical benefits or payments with respect to such benefits under the Employment Agreement,
the Company will pay you $50,000 of which $16,500 shall be paid to you on January 14, 2011 and
$33,500 shall be paid to you on May 2, 2011. You are under no obligation to use any portion of the
amounts payable to you pursuant to the preceding sentence to pay your COBRA premiums.

In addition, during your Coverage Period, you shall continue to be covered under the Company’s
group term life insurance coverage, at Company expense, with $500,000 of life coverage. If at any
time during your Coverage Period, the terms of the policy or policies through which benefits under
the Company’s group term life insurance coverage is provided prevent the Company from continuing to
provide such coverage for you under its group term life insurance coverage, then on the first day
of each calendar month following the date as of which you cease to be covered under the Company’s
insured group life insurance coverage, the
Company shall pay you, as additional severance, an amount equal to the monthly premium cost you
would incur to obtain an equal amount of insurance under an individual term life insurance policy
issued by the insurer that provides the Company’s group term life insurance coverage at the
insurer’s standard rates in effect on the date as of which your coverage under the Company’s group
term life insurance coverage is discontinued.

 

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For purposes of the foregoing, your “Coverage Period” shall mean the period beginning on your
Separation Date and ending on the earlier of (x) the 24 month anniversary of such date, and (y) the
date on which you obtain substitute coverage from subsequent employment or service.

4. Withholding, Etc. In connection with the severance benefits to be provided to you
pursuant to this Agreement, the Company shall withhold and remit to the tax authorities the amounts
required under applicable law, and subject to such withholding requirement, you shall be
responsible for all applicable taxes with respect to such severance benefits under applicable law.
The Company shall have no liability to you or to any other person with respect to any additional
taxes or penalties that may be imposed under Section 409A of the Code with respect to any benefits
provided under this Agreement or otherwise, other than with respect to any such liability for
additional taxes (not including any acceleration of taxes on the income), penalties and interest
that may be imposed on you under Section 409A of the Code by reason of any failure by the Company
to comply in a timely fashion with the corrections procedure under IRS Notice 2010-6 with respect
to correcting the release timing rules in the Employment Agreement. You
acknowledge that you are not relying upon advice or representation of the Company with respect
to the tax treatment of any of the severance benefits.

 

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5. Return of Property. You represent and confirm that you have returned to or
promptly will return to (or have left on the premises of the Company) all Company-owned property in
your possession or control on the Separation Date and that you have left intact all electronic
Company documents on your office computer which contain confidential or proprietary information of
the Company. Anything to the contrary notwithstanding, you shall be entitled to retain papers and
other materials of a personal nature set forth in Section 1(b) of the Invention and Non-Disclosure
Agreement dated May 8, 2003 (“the Inventions Agreement”) except for those Board of Directors’
papers and other materials in Section 1(b)(vi), which you may not retain.

6. Nondisparagement. Neither you nor the Company shall make any knowingly false,
disparaging or derogatory public statements, including statements which may reasonably expected to
become public, to any person or entity, including, without limitation, any media outlet or industry
group, financial institutions or current or former employee consultant regarding, in the case of
you — the Company or any of its directors, officers or employees or the Company’s business affairs
or financial condition — and regarding, in case of the Company — you; provided, however, that
nothing herein shall be construed as preventing you or the Company from (x) responding to false,
disparaging or derogatory statements to the extent reasonably necessary to correct or refute such
statements or (y) making any truthful statement to the extent (i) necessary with respect to any litigation, arbitration or mediation

 

6

 

involving this Agreement or any other agreement with the
Company, including, but not limited to, the enforcement of this Agreement or of such other
agreement with the Company, or (ii) required by law or by any court, arbitrator, mediator or
administrative or legislative body (including any committee thereof) with apparent jurisdiction
over such person. For purposes of this section, Company shall mean executive officers and
directors of the Company as of the effective date of this Agreement. Official press releases or
other official public announcements are also covered by this section.

7. Cooperation. To the extent permitted by law, you agree to reasonably cooperate
with the Company in the defense or prosecution of any patents, patent filings, claims or actions
which already have been brought, are currently pending or filed, or which may be brought in the
future against or on behalf of the Company and relate to matters which occurred while you were
employed by the Company and of which you have knowledge, or was within your duties and
responsibilities, whether before a state or federal court, any state or federal government agency,
or a mediator or arbitrator. Your reasonable cooperation in connection with such patent, patent
filings, claims or actions shall include, but not be limited to, being available to meet with
counsel to prepare its claims or defenses, to prepare for trial or discovery or an administrative
hearing or a mediation or arbitration, and to act as a witness when requested by the Company, in
any case, at reasonable times and places mutually agreed to by you and the Company. The Company
shall compensate you for your reasonable travel, food and lodging expenses (“out-of-pocket
expenses”) after submission of

 

7

 

receipts. For the avoidance of doubt, out-of-pocket expenses set forth in Section 2(d) of the
Inventions Agreement shall have the same meaning as defined in this Section. Furthermore, to the
extent that a claim or action is brought by a third party other than the Company against you for
your compliance with this Section 7, the Company shall indemnify you for such claim or action as
set forth in the Company’s charter as it exists on the effective date of this Agreement. You agree
that you will notify the Company promptly in the event that you are served with a subpoena or in
the event that you are asked to provide a third party with information concerning any actual or
potential complaint or claim against the Company (other than any complaint or claim by you against
the Company). To the extent possible, the Company will try to limit your participation to regular
business hours. Your entitlement to reimbursement of such out-of-pocket expenses, shall in no way
affect your right to be indemnified in accordance with the Company’s charter as it exists on the
effective date of this Agreement.

8. The Inventions Agreement. You reaffirm your obligations under the Inventions
Agreement which is incorporated by reference herein and which continues in full force and effect as
modified herein.

 

8

 

9. Release. (a) You hereby acknowledge and agree that by signing this Agreement and
accepting the severance benefits provided for in this Agreement, you are releasing the Company, its
officers, directors, stockholders, corporate affiliates, subsidiaries, parent companies, successors
and assigns, agents and employees (each in their individual and corporate capacities) (the “Related
Parties”) from any and all claims, charges and complaints of any kind whatsoever
(“Claims”) from the beginning of time through and including the Separation Date. Your waiver
and release bars you from recovering against the Company any form of relief in respect of a Claim
including, without limitation, equitable relief (whether declaratory, injunctive or otherwise), the
recovery of any damages or any other form of monetary recovery whatsoever (including, without
limitation, back pay, front pay, compensatory damages, emotional distress damages, punitive
damages, attorneys’ fees and any other costs) against the Company up through and including the
Separation Date. You understand that there could be unknown or unanticipated Claims resulting from
your employment with the Company and the termination thereof and agree that such Claims are
intended to be, and are, included in this waiver and release. Without limiting the foregoing
general waiver and release, you specifically waive and release the Company from any Claims arising
from or related to your employment relationship with the Company or the termination thereof,
including without limitation the following Claims: (i) Claims under any state (including, without
limitation, Massachusetts or any other state where you worked for the Company, specifically
including the Massachusetts Fair Employment Practices Act, Mass. Gen. Laws ch. 151B, §1 et seq.) or
federal discrimination (including but not limited to the Age Discrimination in Employment Act, 29
U.S.C. §621 et seq., the Americans with Disabilities Act of 1990, 42 U.S.C. §12101 et seq. and
Title VII of the Civil Rights Act of 1964, 42 U.S.C. §2000e et seq.), fair employment practices or
other employment related statute, regulation or executive order (as they may have been amended
through the date on which you

 

9

 

 sign this Agreement); (ii) Claims under any other state (including, without limitation, Massachusetts or any other state where you
worked for the Company) or federal employment related statute, regulation or executive order (as
they may have been amended through the date on which you sign this Agreement) relating to wages,
hours or any other terms and conditions of employment; (iii) Claims under any state (including,
without limitation Massachusetts or any other state where you worked for the Company) or federal
common law theory, including but not limited to any claims arising under the Employment Agreement;
and (iv) any other Claim arising under other state or federal law. You acknowledge and agree that,
but for providing this waiver and release, you would not be receiving the severance benefits
provided for in this Agreement. Anything to the contrary notwithstanding in this Agreement,
nothing herein shall release the Company or any Related Party from any claims or damages based on
(i) any right you may have to enforce this Agreement or the Employment Agreement, (ii) any right or
claim that arises after the date of this Agreement, (iii) any vested right you may have to vested
benefits or entitlements under Sections 3 and 5 of the Employment Agreement, (iv) your eligibility
for indemnification and advancement of expenses in accordance with applicable laws or the charter
of the Company, or any applicable insurance policy, (v) any right you may have to obtain
contribution as permitted by law in the event of entry of judgment against you as a result of any
act or failure to act for which you, on the one hand, and the Company or any Related Party, on the
other hand, are jointly liable or (vi) any right you may have as a stockholder or optionholder of
the Company.

 

10

 

(b) The Company, for itself, and on behalf of each of the Related Parties, hereby releases you
and your heirs and legal representatives from any and all Claims from the beginning of time through
and including the Separation Date. The foregoing waiver and release bars the Company and the
Related Parties from recovering against you, your heirs or your legal representatives any form of
relief in respect of a Claim including, without limitation, equitable relief (whether declaratory,
injunctive or otherwise), the recovery of any damages or any other form of monetary recovery
whatsoever (including, without limitation, compensatory damages, emotional distress damages,
punitive damages, attorneys’ fees and any other costs) against you, your heirs or your legal
representatives up through and including the Separation Date. The Company understands that there
could be unknown or unanticipated Claims resulting from your employment with the Company and the
termination thereof and agrees that such Claims are intended to be, and are, included in this
waiver and release. Anything to the contrary notwithstanding in this Agreement, nothing herein
shall release you, your heirs or your legal representatives from any claims or damages based on (i)
any right the Company may have to enforce this Agreement or the Employment Agreement, (ii) any
right or claim that arises after the date of this Agreement or (iii) any right the Company or any
Related Party may have to obtain contribution as permitted by law in the event of judgment against
the Company or any Related Party as a result of any act or failure to act for which the Company or
any Related Party, on the one hand, and you, on the other hand, are jointly liable.

 

11

 

10. Indemnification. The Company agrees to indemnify and hold you and your heirs and
representatives harmless, to the maximum extent permitted by the Company’s charter as it exists on
the effective date of this Agreement, against any and all damages, claims, costs, liabilities,
losses and expenses (including reasonable attorneys’ fees) as a result of any claim or proceeding,
or threatened claim or proceeding, against you or your heirs or legal representatives that arises
out of or relates to your service as an officer, director or employee, as the case may be, of the
Company, or your service in any such capacity or similar capacity with an affiliate of the Company
or other entity at the request of the Company, or to the extent a claim or action is brought by a
third party other than the Company against you as set forth in Section 7 of this Agreement or a
claim arising out of actions taken by an executive officer as your agent and attorney-in fact as
set forth in Section 2 of the Inventions Agreement, in accordance with the procedures in the
charter. The Company also shall provide you with continued coverage under its directors’ and
officers’ liability policy on no less favorable a basis (including as to coverage and amount) than
that that provided to its other senior executives, and in no event less favorable in coverage and
amount than that in effect on the Separation Date.

11. Representations. The Company represents and warrants to you that (i) the
execution, delivery and performance of this Agreement by the Company has been fully and validly
authorized by the Board of Directors of the Company and by any other necessary corporate action,
and (ii) the officer signing this Agreement on behalf of the Company is duly authorized to do so.
The
issuance by the Company to you of shares of common stock upon the exercise of the Options is the
subject of one or more effective registration statements filed with the Securities and Exchange
Commission under the Securities Act of 1933, as amended. The Company agrees to maintain the
effectiveness of such registration statement(s) in respect of such shares of common stock for so
long as, and provided it, maintains the effectiveness of such registration statements in respect of
like stock awards made to other senior executives.

 

12

 

12. Code Section 409A. To the extent that the reimbursement of any expenses or the
provision of any in-kind benefits under any provision of this Agreement is subject to Section 409A
of the Code (after taking into account all exclusions applicable to such payments or benefits under
Section 409A of the Code), (i) the amount of such expenses eligible for reimbursement, or in-kind
benefits to be provided, during any one calendar year shall not affect the amount of such expenses
eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year; (ii)
reimbursement of any such expense shall be made by no later than December 31 of the year next
following the calendar year in which such expense is incurred; and (iii) your right to receive such
reimbursements or in-kind benefits shall not be subject to liquidation or exchange for another
benefit.

13. Mitigation, Etc. You shall have no obligation to mitigate damages due to the
payments under this Agreement by seeking substitute employment or otherwise and there shall be no
offset against amounts due to you on account of any remuneration or benefits provided by any
subsequent employment you may obtain except that coverage for group medical, dental and life
insurance shall be
discontinued in the event you obtain substitute coverage from subsequent employment or service
during the 24-month period following your termination. The Company’s obligation to make any
payment pursuant to, and otherwise to perform its obligations under, this Agreement shall not be
affected by any offset, claim or other right that the Company may have against you for any reason,
except a claim for breach of Section 7 of the Employment Agreement.

 

13

 

14. Reaffirmation of Obligations under Section 7 of the Employment Agreement. You
reaffirm your obligations under Section 7 of the Employment Agreement which continue in full force
and effect after the Separation Date.

 15. Entire Agreement. This Agreement, the Stock
Option Agreements, along with Section 7 of the Employment Agreement, Amendment No. 1 to Employment
Agreement and Sections 1, 2, 3 and 6 of Amendment No. 2 to Employment Agreement which continue
after the Separation Date (for clarity it is agreed that those sections of the Employment Agreement
and Amendment No. 2 to the Employment Agreement not enumerated are hereby terminated), contain the
entire understanding and agreement between the parties hereto concerning the subject matter hereof
and supersedes and replaces all prior agreements, understandings, term sheets, discussions,
negotiations and undertakings, whether written or oral, between them relating to such subject
matter.

16. Amendment and Waiver. No provision in this Agreement may be amended unless such
amendment is set forth in a writing and is signed by you and by an authorized officer of the
Company. No provision of this Agreement may be
waived unless such waiver is set forth in writing and is signed by the party to be charged.

 

14

 

17. Dispute Resolution. Any controversy, dispute or claim arising out of or relating
to this Agreement (each, a “Covered Claim”) shall be resolved by final and binding arbitration, to
be held in Boston, Massachusetts, in accordance with the Employment Arbitration Rules and Mediation
Procedures of the American Arbitration Association. Judgment upon the award rendered by the
arbitrator may be entered in any court having jurisdiction thereof. Neither party hereto shall be
liable for punitive or exemplary damages. Each party shall bear its own costs and expenses in any
arbitration proceeding.

18. Notices. All notices, requests and other communications pursuant to this
Agreement shall be in writing and shall be deemed to have been duly given, if delivered in person,
three (3) business days after being sent by registered or certified mail, postage prepared, two (2)
business days after being sent by recognized overnight courier, or sent and received by facsimile
transmission, addressed to you at your personal residence as reflected in the Company’s records, or
to the Company at 60 Hampshire Street, Cambridge, Massachusetts 02139. Either party may, by
written notice to the other in accordance herewith, change the address to which notices to such
party are to be delivered or mailed.

 

15

 

19. Successors. This Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors, heirs (in the case of you) and permitted assigns.
No rights or obligations of the Company under this
Agreement may be assigned or transferred by the Company, except that such rights or obligations may
be assigned or transferred pursuant to a merger or consolidation in which the Company is not the
continuing entity, or the sale or other disposition of all or substantially all of the assets of
the Company, provided that the assignee or transferee is the successor to all or substantially all
of the assets of the Company and such assignee or transferee assumes the liabilities, obligations
and duties of the Company, as contained in this Agreement, either contractually or as a matter of
law. In the event of your death or a judicial determination of your incompetence, references in
this Agreement to you shall be deemed, where appropriate, to refer to your beneficiary, estate or
other legal representative.

20. Counterparts. This Agreement may be executed in counterparts, including by
facsimile or PDF, each of which shall be deemed an original.

21. Governing Law. This Agreement shall be governed by and construed in accordance
with, the laws of the Commonwealth of Massachusetts, without reference to principles of conflict of
laws.

 

16

 

There are two copies of this Agreement enclosed. If the terms set forth herein accurately
reflect our mutual understanding and agreement, please sign each copy and return one copy to me for
our corporate files.

	 	 	 	 	 
	 	Very truly yours,

IDENIX PHARMACEUTICALS, INC.

 	 
	 	By:  	/s/ Maria Stahl	 
	 	 	Maria Stahl 	 
	 	 	Senior Vice President and
General Counsel 	 

I hereby agree to the terms and conditions set forth above. I have been given at least
twenty-one (21) days to consider this Agreement and I have chosen to execute this on the date
below. I intend that this Agreement will become a binding agreement between me and the Company if
I do not revoke my acceptance in seven (7) days.

	 	 	 
	/s/ Jean-Pierre Sommadossi

	 	 
	 

Jean-Pierre Sommadossi

	 	December 23, 2010

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