Document:

qure_Ex10_3

		
			Exhibit 10.3
		

		
			 
		

		
			EMPLOYMENT AGREEMENT
		

		
			THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of July 10, 2017 (the “Effective Date”), by and between uniQure, Inc., 113 Hartwell Avenue, Lexington, MA 02421 (the “Company”) and Scott T. McMillan (the “Executive”),  109 Hayward Road, Acton, MA 01720.
		

		
			WITNESSETH:
		

		
			WHEREAS, the Company desires to employ Executive, and Executive desires to be employed by the Company, each upon the terms set forth herein.
		

		
			NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein and intending to be legally bound hereby, the Company and Executive agree as follows.
		

		
			1.Employment.  The Company hereby agrees to employ Executive, and Executive hereby accepts employment by the Company, as a full-time employee for the period and upon the terms and conditions contained in this Agreement.
		

		
			2.Term.  Executive’s term of employment with the Company under this Agreement shall begin on August 7, 2017 (the “Start Date”) and shall continue in force and effect from year to year unless terminated earlier in accordance with Section 19 (the “Term”).
		

		
			3.Position and Duties. During the Term,  Executive shall serve the Company as its Chief Operations Officer, reporting directly to the uniQure Chief Executive Officer (the “CEO”).  
		

		
			The initial primary focus of the Chief Operations Officer will be:
		

		
			 
		

			
	
			
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			Responsible for designing uniQure’s operations strategy and tactical execution in the context of uniQure’s overall strategy

			
	
			
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			Responsible for timely and compliant execution of the related activities in the relevant areas and identification of opportunities for continuous improvement. This includes compliance with both GMP regulations, as well as e.g. environmental and safety regulations

			
	
			
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			Responsible for managing the technology transfer process between the Amsterdam and Lexington facilities

			
	
			
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			Responsible for defining, maintaining and adherence to the Operations budget for expenses, capital investment and human resources

			
	
			
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			Responsible for all investment and maintenance activities for uniQure’s premises, utilities and equipment, either executed by internal resources and/or by third parties

			
	
			
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			Responsible for managing (in)direct reports, including appraisals, development/succession planning and personnel actions 

		
			

		 

		

			Scott T. McMillan
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			Responsible for definition, implementation, maintenance and continued improvement of processes and systems, supported by meaningful Key Performance Indicators (KPI’s)

			
	
			
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			Interacts with staff of other disciplines, such as Finance, Research, Human Resources and Clinical Development to ensure efficient day-to-day cooperation and success for the business

			
	
			
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			Interaction with Commercial and Collaboration Partners for management of forecasting and production planning/scheduling activities

		
			 
		

		
			4.Commencing on the Start Date and during the Term, Executive shall devote full business time, best efforts, skill, knowledge, attention and energies to the advancement of the Company’s business and interests and to the performance of Executive’s duties and responsibilities as an employee of the Company. Executive shall abide by the rules, regulations, instructions, personnel practices and policies of the Company and any changes therein that may be adopted from time to time by the Company.    
		

		
			5.Notwithstanding the foregoing, Executive may engage in civic and charitable organizations and manage his or her personal and business affairs during normal business hours provided that such activities do not, individually or collectively, interfere with the performance of his or her duties hereunder.  Commencing on the Start Date and during the Term, and subject to the provisions of Paragraph 4 above, Executive shall not be engaged in any business activity which, in the judgment of the Company,  conflicts with Executive’s duties hereunder, whether or not such activity is pursued for pecuniary advantage.  Should Executive wish to provide any services to any other person or entity other than the Company or to serve on the board of directors of any other entity or organization, Executive shall submit a written request to the Company for consideration and approval by the Company, which approval shall not unreasonably be withheld.  If the Company later makes a reasonable, good faith determination that Executive’s continued service on another entity’s board would be detrimental to the Company, it will give Executive thirty (30) days’ written notice that it is revoking the original approval, and Executive will resign from the applicable board within thirty (30) days after receipt of such notice.
		

		
			6.Location. Executive shall perform the services hereunder from the Company’s USA headquarters at 113 Hartwell Avenue, Lexington MA, USA; provided, however, that Executive shall be required to travel from time to time for business purposes. 
		

		
			7.Compensation and Benefits. 
		

		
			(a)Base Salary.  For all services rendered by Executive under this Agreement, the Company will pay him or her a base salary at the annual rate of $360,000 (three hundred and sixty thousand dollars), which shall be reviewed annually by the CEO for adjustment (the base salary in effect at any time, the “Base Salary”). In order to be eligible for an increase in Base Salary applicable to the year following the year in which the Start Date falls, Executive’s Start Date must be before October 1st in any given year.    Any merit increase would be pro-rated for the 2017 calendar year. Executive’s Base Salary shall be paid in bi-weekly installments, less withholdings as required by law and deductions authorized by Executive, and payable pursuant to the Company’s regular payroll practices in effect at the time.    
		

		
			

		 

		

			Scott T. McMillan
Employment AgreementPage 2Initials:  ________

		

 

		

		
			(b)Discretionary Bonus. Following the end of each calendar year and subject to the approval of the Company, Executive shall be eligible for a retention and performance bonus of forty percent (40%) of the annual Base Salary based on performance and the Company’s performance and financial condition during the applicable calendar year, as determined by the Company in its sole discretion. In any event,  Executive must be an active employee of the Company on the date the bonus is distributed in order to be eligible for and to earn any bonus, as it also serves as an incentive to remain employed by the Company. In order to be eligible for a bonus which is paid in the year following the year in which the Start Date falls, Executive’s Start Date must be before October 1st in any given year.  Any bonus will not be pro-rated for the 2017 calendar year.
		

		
			8.Equity.  Subject to Board of Directors approval at the next regularly scheduled uniQure N.V. Board meeting after execution of this Agreement,  Executive shall be granted an option to purchase 150,000 (one hundred and twenty-five thousand) ordinary shares of the Company, the terms of which shall reflect the standard vesting and other terms and conditions contained in the uniQure N.V.’s Amended and Restated 2014 Share Incentive Plan. Such options will be approved by the Board of Directors of uniQure N.V. not later than at its next regularly scheduled meeting and the exercise price will be the closing share price on the grant date. If the Board fails to make the grant at such regularly scheduled meeting, it shall be deemed a Good Reason event under Section 19(f) hereof. The Executive will be eligible for future equity grants pursuant to the Company’s policies and procedures. 
		

		
			9.Benefits. Executive is eligible to  participate in any and all benefit programs that the Company establishes and makes available to its employees from time to time, provided that Executive is eligible under (and subject to all provisions of) the plan documents that govern those programs. These include medical, dental and disability insurances. Benefits are subject to change at any time in the Company’s sole discretion.
		

		
			10.Paid Time Off and Holidays.  Executive is eligible for four (4) weeks of paid vacation per calendar year (pro-rated for 2017)  to be taken at such times as may be approved in advance by the Company. Executive is also entitled to all paid holidays observed by the Company in the United States. Executive shall have all rights, including the right to potentially earn more than four (4) weeks of paid vacation per year, and be subject to all obligations and responsibilities with respect to paid time off and holidays as are set forth in the Company’s employee manual or other applicable policies and procedures.    
		

		
			11.401(k) Plan.  Subject to Section 9 (benefits).
		

		
			12.Expense Reimbursement.  During the Term, Executive shall be reimbursed by the Company for all necessary and reasonable expenses incurred by Executive in connection with the performance of Executive’s duties hereunder (including business trips to the uniQure Amsterdam headquarters).  Executive shall keep an itemized account of such expenses, together with vouchers and/or receipts verifying the same, and submit for reimbursement on a monthly basis.  Any such expense reimbursement will be made in accordance with the Company’s travel and expense policies governing reimbursement of expenses as are in effect from time to time.
		

		
			

		 

		

			Scott T. McMillan
Employment AgreementPage 3Initials:  ________

		

 

		

		
			13.Withholding.    All amounts set forth in this Agreement are on a gross, pre-tax basis and shall be subject to all applicable federal, state,  local and foreign withholding, payroll and other taxes, and the Company may withhold from any amounts payable to Executive (including any amounts payable pursuant to this Agreement) in order to comply with such withholding obligations.
		

		
			14.IP and Restrictive Covenants. Executive’s employment is contingent upon Executive’s execution of the Company’s Confidentiality, Developments, and Restrictive Covenants Agreement, attached as Exhibit A to this Agreement.
		

		
			15.At-Will Employment. This Agreement shall not be construed as an agreement, either express or implied, to employ Executive for any stated term, and shall in no way alter the Company’s policy of employment at-will, under which both the Company and Executive remain free to end the employment relationship for any reason, at any time, with or without cause or notice. Similarly, nothing in this Agreement shall be construed as an agreement, either express or implied, to pay Executive any compensation or grant Executive any benefit beyond the end of employment with the Company, other than as set out elsewhere in this Agreement.
		

		
			16.Conflicting Agreements.  Executive acknowledges and represents that by executing this Agreement and performing Executive’s obligations under it, Executive has disclosed and provided copies to the Company of any and all confidentiality or restrictive covenant agreements that Executive is a party or is bound,to that could limit or prohibit the full performance of Executives duties to the Company.  
		

		
			17.No Prior Representations. This Agreement and its exhibits constitute all the terms of Executive’s hire and supersede all prior representations or understandings, whether written or oral, relating to the terms and conditions of Executive’s employment.
		

		
			18.Change of Control. In the event of a Change of Control as defined below, the vesting conditions that may apply to any equity held by Executive pursuant to this Agreement and the Company’s Amended and Restated 2014 Share Incentive Plan will be automatically waived and all the equity will be deemed to be fully exercisable commencing on the date of the Change of Control and ending on the eighteen (18) month anniversary of the Change of Control.  For purposes of this Agreement, “Change of Control” shall mean the date on which any of the following events occurs:
		

		
			(a)any “person,” as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Act”) (other than the Company, any of its subsidiaries, or any trustee, fiduciary or other person or entity holding securities under any employee benefit plan or trust of the Company or any of its subsidiaries), together with all “affiliates” and “associates” (as such terms are defined in Rule 12b-2 under the Act) of such person, shall become the “beneficial owner” (as such term is defined in Rule 13d-3 under the Act), directly or indirectly, of securities of the Company representing forty (40) percent or more of the combined voting power of the Company’s then outstanding securities having the right to vote in an election of the Board (“Voting Securities”) (in such case other than as a result of an acquisition of securities directly from the Company); or
		

		
			

		 

		

			Scott T. McMillan
Employment AgreementPage 4Initials:  ________

		

 

		

		
			(b)a majority of the members of the Board is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Board before the date of the appointment or election; or
		

		
			(c)the consummation of (i) any consolidation or merger of the Company where the stockholders of the Company, immediately prior to the consolidation or merger, would not, immediately after the consolidation or merger, beneficially own (as such term is defined in Rule 13d-3 under the Act), directly or indirectly, shares representing in the aggregate more than fifty (50) percent of the voting shares of the Company issuing cash or securities in the consolidation or merger (or of its ultimate parent corporation, if any), or (ii) any sale or other transfer (in one transaction or a series of transactions contemplated or arranged by any party as a single plan) of all or substantially all of the assets of the Company.
		

		
			19.Termination.  The Term shall continue until the termination of Executive’s employment with the Company as provided below.
		

		
			(a)Events of Termination.  Executive’s employment, Base Salary and any and all other rights of Executive under this Agreement or otherwise as an employee of the Company will terminate: 
		

		
			(i)upon the death of Executive;
		

		
			(ii)upon the Disability of Executive (immediately upon notice from either party to the other).  For purposes hereof, the term “Disability” shall mean an incapacity by accident, illness or other circumstances which renders Executive mentally or physically incapable of performing the duties and services required of Executive hereunder on a full-time basis for a period of at least 120 consecutive days.
		

		
			(iii)upon termination of Executive for Cause;
		

		
			(iv)upon the resignation of employment by Executive without Good Reason (upon thirty (30) days’ prior written notice);
		

		
			(v)upon termination by the Company for any reason other than those set forth in Sections 19(a)(i) through 19(a)(iv) above;
		

		
			(vi)upon voluntary resignation of employment by Executive for Good Reason as described in Section 19(f), below;
		

		
			(vii)upon a Change of Control Termination as described in Section 19(g), below.
		

		
			(b)In the event Executive’s termination occurs pursuant to Sections 19(a)(i) - (iv) above, Executive will be entitled only to the Accrued Benefits through the termination date. The Company will have no further obligation to pay any compensation of any kind (including, 

		 

		

			Scott T. McMillan
Employment AgreementPage 5Initials:  ________

		

 

without limitation, any bonus or portion of a bonus that otherwise may have become due and payable to Executive with respect to the year in which such termination date occurs), or severance payment of any kind, unless otherwise provided herein.  For purposes of this agreement, Accrued Benefits shall mean (i) payment of Base Salary through the termination date, (ii) any payments or benefits under the Company’s benefit plans that are vested, earned or accrued prior to the termination date (including, without limitation, earned but unused vacation); and (iii) payment of unreimbursed business expenses incurred by Executive. 
		

		
			(c)For purposes of this Agreement, “Cause” shall mean the good faith determination by the Company (which determination shall be conclusive), after written notice from the Company to Executive that one or more of the following events has occurred and stating with reasonable specificity the actions that constitute Cause and the specific reasonable cure (related to subsections (i) and (viii) below):
		

		
			(i)Executive has willfully or repeatedly failed to perform Executive’s material duties and such failure has not been cured after a period of thirty (30) days’ written notice;
		

		
			(ii)any reckless or grossly negligent act by Executive having the foreseeable effect of injuring the interest, business or reputation of the Company, or any of its parents, subsidiaries or affiliates in any material respect;
		

		
			(iii)Executive’s evidenced use of any illegal drug, or illegal narcotic, or excessive amounts of alcohol (as determined by the Company in its reasonable discretion) on Company property or at a function where Executive is working on behalf of the Company;
		

		
			(iv)the indictment on charges or conviction for (or the procedural equivalent of conviction for), or entering of a guilty plea or plea of no contest with respect to a felony; 
		

		
			(v)the conviction for (or the procedural equivalent of conviction for), or entering of a guilty plea or plea of no contest with respect to a misdemeanor which, in the Company’s reasonable judgment, involves moral turpitude deceit, dishonesty or fraud, except that, in the event that Executive is indicted on charges for a misdemeanor ,the Company may elect, in its sole discretion, to place Executive on administrative garden leave with or without continuation of full compensation and benefits under this Agreement during the pendency of the proceedings;
		

		
			(vi)conduct by or at the direction of Executive constituting misappropriation or embezzlement of the property of the Company, or any of its parents or affiliates (other than the 

		 

		

			Scott T. McMillan
Employment AgreementPage 6Initials:  ________

		

 

occasional, customary and de minimis use of Company property for personal purposes);
		

		
			(vii)a material breach by Executive of a fiduciary duty owing to the Company, including the misappropriation of (or attempted misappropriation of) a corporate opportunity or undisclosed self-dealing;
		

		
			(viii)a material breach by Executive of any material provision of this Agreement, any of the Company’s written employment policies or Executive’s fiduciary duties to the Company, which breach, if curable, remains uncured for a period of thirty (30) days after receipt by Executive of written notice of such breach from the Company, which notice shall contain a reasonably specific description of such breach and the specific reasonable cure requested by the Board; and
		

		
			(ix)any material breach of Executive’s Confidentiality, Developments, and Restrictive Covenants Agreement.
		

		
			(d)The definition of Cause set forth in this Agreement shall govern for purposes of Executive’s equity compensation and any other compensation containing such a concept.
		

		
			(e)Notice Period for Termination Under Section 19(a)(iv).  Upon a termination of Executive under Section 19(a)(iv),  during the notice period the Company may, in its sole discretion, relieve Executive of all of Executive’s duties, responsibilities, and authority,  may restrict Executive’s access to Company property, and may take other appropriate measures deemed necessary under the circumstances.
		

		
			(f)Termination by Executive for Good Reason.  During the Term, Executive may terminate this Agreement at any time upon thirty (30) days’ written notice to the Company for "Good Reason."  For purposes of this Agreement, "Good Reason" shall mean that Executive has complied with the "Good Reason Process" (hereinafter defined) following the occurrence of any of the following actions undertaken by the Company without Executive’s express prior written consent:  (i) the material diminution in Executive’s responsibilities, authority and function; (ii) a material reduction in Executive’s Base Salary, provided, however, that Good Reason shall not be deemed to have occurred in the event of a reduction in Executive’s Base Salary which is pursuant to a salary reduction program affecting the CEO and all or substantially all other senior management employees of the Company and that does not adversely affect Executive to a greater extent than other similarly situated employees; provided, however that such reduction may not exceed twenty (20%) percent; (iii) a material change in the geographic location at which Executive provides services to the Company (i.e., outside a radius of fifty (50) miles from Lexington, Massachusetts) (each a “Good Reason Condition”). 
		

		
			

		 

		

			Scott T. McMillan
Employment AgreementPage 7Initials:  ________

		

 

		

		
			"Good Reason Process" shall mean that: (i) Executive has reasonably determined in good faith that a Good Reason Condition has occurred; (ii) Executive has notified the Company in writing of the first occurrence of the Good Reason Condition within 60 days of the first occurrence of such condition; (iii) Executive has cooperated in good faith with the Company's efforts, for a period not less than thirty (30) days following such notice (the "Cure Period"), to remedy the condition; (iv) notwithstanding such efforts, the Good Reason Condition continues to exist; and (v) Executive terminates employment within sixty (60) days after the end of the Cure Period.  If the Company cures to Executive’s satisfaction (not unreasonably withheld) the Good Reason condition during the Cure Period, Good Reason shall be deemed not to have occurred.  
		

		
			(g)Termination As A Result of a Change Of Control.   For purposes of this Agreement, “Change of Control Termination” shall mean any of the following: 
		

		
			(i)Any termination by the Company of Executive’s employment, other than for Cause (as defined in Section 19(c), above), that occurs within twelve (12) months after the Change of Control; or
		

		
			(ii)Any resignation by Executive for Good Reason (as defined in Section 19(f), above), that occurs within twelve (12) months after the Change of Control. 
		

		
			(iii)For purposes of this Section 19(g), “Change of Control” shall have the same meaning as defined above in Section 18.
		

		
			(h)Separation Benefits.  Should Executive experience a termination of employment during the Term pursuant to Section 19(a)(v), (vi), or (vii)  above, in addition to the Accrued Benefits Executive shall also be entitled to a lump sum severance payment equal to 100% of the annual Base Salary. To avoid duplication of severance payments, any amount paid under this subsection shall be offset against any severance amounts that may be owed by the Company to Executive pursuant to the Company’s Change of Control guidelines.
		

		
			20.General Release of Claims. Notwithstanding any provision of this agreement, all severance payments and benefits described in Section 19 of this  Agreement (except for payment of the Accrued Benefits) are conditioned upon the execution, delivery to the Company, and expiration of any applicable revocation period without a notice of revocation having been given by Executive, all by the 30th day following the termination date of a General Release of Claims by and between Executive (or Executive’s estate) and the Company in the form attached as Exhibit B to this Agreement. (In the event of Executive’s death or incapacity due to Disability, the release will be revised for signature accordingly.) Provided any applicable timing requirements set forth above have been met, the payments and benefits will be paid or provided to Executive as soon as administratively practicable (but not later than forty-five (45) days) following the date Executive signs and delivers the General Release to the Company and any applicable revocation period has expired without a 

		 

		

			Scott T. McMillan
Employment AgreementPage 8Initials:  ________

		

 

notice of revocation having been given. Any severance or termination pay will be the sole and exclusive remedy, compensation or benefit due to Executive or Executive’s estate upon any termination of Executive’s employment (without limiting Executive’s rights under any disability, life insurance, or deferred compensation arrangement in which Executive participates or at the time of such termination of employment or any Option Agreements or any other equity agreements to which Executive is a party).  If such 45-day period spans two calendar years, payment will be paid after such 45-day period and revocation period have expired. 
		

		
			21.Certain Company Remedies.  Executive acknowledges that Executive’s promised services and covenants are of a special and unique character, which give them peculiar value, the loss of which cannot be reasonably or adequately compensated for in an action at law, and that, in the event there is a breach hereof by Executive, the Company will suffer irreparable harm, the amount of which will be impossible to ascertain.  Accordingly, the Company shall be entitled, if it so elects, to institute and prosecute proceedings in any court of competent jurisdiction, either at law or in equity, to obtain damages for any breach of this Agreement, or to enjoin Executive from committing any act in breach of this Agreement.  The remedies granted to the Company in this Agreement are cumulative and are in addition to remedies otherwise available to the Company at law or in equity.  
		

		
			22.Indemnification.
		

		
			(a)The Company agrees that Executive shall be entitled to indemnification to the fullest extent permitted by Delaware law and under the Company’s articles of incorporation, bylaws and any other corporate-related plan, program or policy.  In addition, as soon as reasonably practicable following the Start Date and for a period of at least three (3) years after Executive’s termination of employment, the Company shall maintain a directors and officers liability insurance policy under which Executive shall be included as a “Covered Person.”  
		

		
			(b)In addition, and for the sake of clarity, the Company hereby specifically agrees that (i) if Executive is made a party, or is threatened to be made a party, to any "Proceeding" (defined as any threatened or actual action, suit or proceeding whether civil, criminal, administrative, investigative, appellate or other) by reason of the fact that (1) Executive is or was an employee, officer, director,  agent, consultant or representative of the Company, or (2) is or was serving at the request of the Company or any of its affiliates as employee, officer, director, agent, consultant or representative of another person, or (ii) if any "Claim" (defined as any claim, demand, request, investigation, dispute, controversy, threat, discovery request or request for testimony or information) is made, or threatened to be made, that arises out of or relates to Executive’s service in any of the foregoing capacity or to the Company, then Executive shall be indemnified and held harmless by the Company to the fullest extent permitted by applicable law, against any and all costs, expenses, liabilities and losses (including, without limitation, attorney's fees, judgments, interest, expenses of investigation, penalties, fines, taxes or penalties and amounts paid or to be paid in settlement) incurred or suffered by Executive in connection therewith, except with respect to any costs, expenses, liabilities or 

		 

		

			Scott T. McMillan
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losses (A) that were incurred or suffered as a result of Executive’s willful misconduct, gross negligence or knowing violation of any written agreement between Executive and the Company, or (B) that a court of competent jurisdiction determines to have resulted from Executive’s knowing and fraudulent acts; provided, however, that the Company shall provide such indemnification only if (I) notice of any such Proceeding is given promptly to the Company, by Executive; (II) the Company is permitted to participate in and assume the defense of any such Proceeding; (III) such cost, expense, liability or loss results from the final judgment of a court of competent jurisdiction or as a result of a settlement entered into with the prior written consent of the Company; and (IV) in the case of any such Proceeding (or part thereof) initiated by Executive, such Proceeding (or part thereof) was authorized in advance in writing by the Company.  Such indemnification shall continue even if Executive has ceased to be an employee, officer, director, agent, consultant or representative of the Company or an affiliate thereof until all applicable statute of limitations have expired, and shall inure to the benefit of Executive’s heirs, executors and administrators.  The Company shall pay directly or advance to Executive all costs and expenses incurred by Executive in connection with any such Proceeding or Claim (except for Proceedings brought by the Company against Executive for claims other than shareholder derivative actions) within 30 days after receiving written notice requesting such an advance.  Such notice shall include, to the extent required by applicable law, an undertaking by Executive to repay the amount advanced if Executive was ultimately determined not to be entitled to indemnification against such costs and expenses
		

		
			23.Miscellaneous.
		

		
			(a)Right to Offset.  The Company may offset any undisputed amounts Executive owes the Company or its affiliates at the time of Executive’s termination of employment (including any payment of Accrued Benefits or separation pay), except for secured or unsecured loans, against any amounts the Company owes Executive hereunder including, but not limited to, any wages, accrued vacation and bonuses, which Executive acknowledges and agrees would constitute a valid offset pursuant to any state or federal law (including the Massachusetts Payment of Wages Statute, M.G.L. c. 149 § 148 et. seq.).
		

		
			 
		

		
			(b)Cooperation.  Executive agrees that, during and after Executive’s employment with the Company, subject to reimbursement of Executive’s reasonable expenses, Executive will cooperate fully with the Company and its counsel with respect to any matter (including, without limitation, litigation, investigations, or governmental proceedings) in which Executive was in any way involved during Executive’s employment with the Company.  Executive shall render such cooperation in a timely manner on reasonable notice from the Company, and at such times and places as reasonably acceptable to Executive and the Company.  The Company, following Executive’s termination of employment, exercises commercially reasonable efforts 

		 

		

			Scott T. McMillan
Employment AgreementPage 10Initials:  ________

		

 

to schedule and limit its need for Executive’s cooperation under this paragraph so as not to interfere with Executive’s other personal and professional commitments.
		

		
			(c)Company Documents and Property.  Upon termination of Executive’s employment with the Company, or at any other time upon the request of Company, Executive shall forthwith deliver to Company any and all documents, notes, notebooks, letters, manuals, prints, drawings, block diagrams, photocopies of documents, devices, equipment, keys, security passes, credit cards, hardware, data, databases, source code, object code, and data or computer programming code stored on an optical or electronic medium, and any copies thereof, in the possession of or under the control of Executive that embodies any confidential information of the Company. Executive agrees to refrain from purging or deleting data from any Company-owned equipment, including email systems, in connection with Executive’s termination.  To the extent that Executive possesses any data belonging to Company on any storage media owned by Executive (for example, a home computer’s hard disk drive, portable data storage device, etc.), Executive agrees that Executive will work cooperatively with the Company to return such data and ensure it is removed from Executive’s devices in a manner that does not adversely impact any personal data.  Executive agrees not to take any steps to delete any Company data from any device without first obtaining Company’s written approval.  Executive agrees to cooperate with Company if Company requests written or other positive confirmation of the return or destruction of such data from any personal storage media.  Nothing herein shall be deemed to prohibit Executive from retaining (and making copies of): (i) Executive’s personal non-business-related correspondence files; or (ii) documents relating to Executive’s personal compensation, benefits, and obligations and documents reasonably necessary to prepare personal income tax returns.    
		

		
			(d)Waivers.  No waiver of any provision will be effective unless made in writing and signed by the waiving party. The failure of any party to require the performance of any term or obligation of this Agreement does not prevent subsequent enforcement of that term or obligation.  The waiver by any party of any breach of this Agreement does not waive any subsequent breach.
		

		
			(e)Governing Law; Consent to Exclusive Jurisdiction and Venue/Jury Waiver.  This Agreement and all questions relating to its validity, interpretation, performance and enforcement (including, without limitation, provisions concerning limitations of actions), shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts (notwithstanding any conflict-of-laws doctrines of such state or other jurisdiction to the contrary), and without the aid of any canon, custom or rule of law requiring construction against the draftsman.    The parties hereby consent and submit to the exclusive jurisdiction of the federal and state courts in the Commonwealth of Massachusetts, and to exclusive venue in any 

		 

		

			Scott T. McMillan
Employment AgreementPage 11Initials:  ________

		

 

Massachusetts federal court and/or Massachusetts state court located in Suffolk County, for any dispute arising from this Agreement.    The parties further acknowledge and agree that any such dispute shall be tried by a Judge alone, and both parties hereby waive and forever renounce the right to a trial before a civil jury.  Executive hereby agrees that he will neither commence or prosecute, nor assist in any way another person or entity to commence or prosecute, any legal action or other proceeding (including but not limited to a declaratory judgment action) against the Company concerning a dispute arising from or relating to this Section in any forum or jurisdiction other than the state and federal courts in the Commonwealth of Massachusetts.  Executive further agrees that, in the event Executive disregards this clause, the Company shall be entitled to recover its reasonable attorneys’ fees and other costs incurred in staying, transferring, dismissing or otherwise defending such out-of-state action or proceeding, regardless of whether such fees and costs are incurred in the forum where Executive (or another person or entity, as applicable), commenced the action or in a Massachusetts forum, and without regard to whether the Company prevails in its efforts to enforce this covenant.
		

		
			 
		

		
			(f)Notices.  Any notices, requests, demands, and other communications described in this Agreement are sufficient if in writing and delivered in person or sent postage prepaid, by certified or registered U.S. mail or by FedEx/UPS to Executive at Executive’s last known home address and a copy by e-mail to Executive, or in the case of the Company, to the attention of the General Counsel, copy to the CEO, at the main office of uniQure, Inc.  Any notice sent by U.S. mail shall be deemed given for all purposes 72 hours from its deposit in the U.S. mail, or the next day if sent by overnight delivery.
		

		
			(g)Successors and Assigns.  Executive may not assign this Agreement, by operation of law or otherwise, without the Company’s prior written consent.  Without the Company’s consent, any attempted transfer or assignment will be void and of no effect.  The Company may assign its rights under this Agreement if the Company consolidates with or merges into any other entity, or transfers substantially all of its properties or assets to any other entity, provided that such entity expressly agrees to be bound by the provisions hereof.  This Agreement will inure to the benefit of and be binding upon the Company and Executive, their respective successors, executors, administrators, heirs, and permitted assigns.
		

		
			(h)Counterparts; Facsimile.  This Agreement may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one and the same instrument.  This Agreement may be executed by facsimile transmission, PDF, electronic signature or other similar electronic means with the same force and effect as if such signature page were an original thereof.
		

		
			

		 

		

			Scott T. McMillan
Employment AgreementPage 12Initials:  ________

		

 

		

		
			(i)Severability.  The provisions of this Agreement are independent of and separable from each other, and no provision shall be affected or rendered invalid or unenforceable by virtue of the fact that for any reason any other provision or provisions may be invalid or unenforceable in whole or in part.
		

		
			(j)Enforceability. If any portion or provision of the Agreement is declared illegal or unenforceable by a court of competent jurisdiction, the remainder of the Agreement will not be affected, and each remaining portion and provision of this Agreement will be valid and enforceable to the fullest extent permitted by law.
		

		
			(k)Survival.  Sections 14,  20, 21, and the Company’s Confidentiality, Developments, and Restrictive Covenants Agreement (Exhibit A)  and all other provisions necessary to give effect thereto, shall survive the termination of Executive’s employment for any reason.
		

		
			(l)Entire Agreement; Amendment.  This Agreement contains the entire understanding among the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements and understandings, inducements or conditions, express or implied, oral or written, between the parties hereto (including without limitation any prior employment agreements between the parties hereto); provided, however, that any agreements referenced in this Agreement or executed herewith are not superseded.  The express terms hereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof.  This Agreement may be amended or modified only by a written instrument signed by Executive and by a duly authorized representative of the Company.
		

		
			(m)Section Headings.  The section headings in this Agreement are for convenience only, form no part of this Agreement and shall not affect its interpretation.
		

		
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			Scott T. McMillan
Employment AgreementPage 13Initials:  ________

		

 

		

		
			IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first above written.
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						uniQure, Inc.

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Matt Kapusta

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						Matt Kapusta

				
	
					
						 

					
					
						Title:

					
					
						Chief Executive Officer

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						EXECUTIVE

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						/s/ Scott T. McMillan

				
	
					
						 

					
					
						 

					
					
						Scott T. McMillanqure_Ex10_4

		
			Exhibit 10.4
		

		
			 
		

			
					
						 

				
	
					
						employment AGREEMENT PURSUANT TO SECTION 7:610 (et seq.) of the Dutch Civil Code (DCC)

				
	
					
						[July 15, 2017]

				

		
			 
		

			
	
			
				 (1)
			

			
	
			
			uniQure biopharma B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid), with registered office at Amsterdam and principal place of business at Paasheuvelweg 25a, (1105 BP) Amsterdam (the Employer); and

			
	
			
				 (2)
			

			
	
			
			Christian Klemt born on October 8, 1972, residing at the address Heemsteedse Dreef 275 at (2102 KJ) Heemstede (the Employee).

		
			The Employer and the Employee are hereinafter referred to jointly as Parties and individually as Party.
		

		
			Whereas the Parties entered into an employment agreement effective September 1, 2015 by which the Employee assumed the responsibilities of Global Controller (“Initial Agreement”);
		

		
			Whereas terms and condition of the Initial Agreement do no longer reflect the actual situation;
		

		
			Whereas the Parties desire to replace the Initial Agreement by this employment agreement (“the Agreement”)
		

		
			and therefore:
		

		
			IT IS AGREED AS FOLLOWS:
		

			
	
			
				 1
			

			
	
			
			Commencement date Agreement and Position

			
	
			
				 1.1
			

			
	
			
			Effective July 15, 2017, the Initial Agreement will be replaced by this Agreement by which the Employee will perform the position of Chief Accounting Officer, Job grade 17, and undertakes to perform all the activities that can reasonably be assigned to him by or on behalf of the Employer and which are related to the Employer’s business, to the best of his ability and in doing so, will comply with the instructions given to him by or on behalf of the Employer.

			
	
			
				 1.2
			

			
	
			
			The Employer shall be entitled to assign other duties than the usual activities of the Employee, or to alter the position of the Employee if in the opinion of the Employer in reasonableness the business circumstances so require. 

			
	
			
				 1.3
			

			
	
			
			When the Agreement is entered into, the work will be performed at the office of the Employer at Paasheuvelweg 25a (1105 BP) Amsterdam. The Employer reserves the right to change the location where the work is performed after consultation with the Employee.

			
	
			
				 1.4
			

			
	
			
			The normal working hours are 40 hours per week (1,0 FTE). The working hours are normally 8,0 hours a day and a 30 minutes lunch break.

			
	
			
				 2
			

			
	
			
			Term and Termination Agreement

			
	
			
				 2.1
			

			
	
			
			The Agreement has been entered into for an indefinite period of time.

		
			

		 

 

		

			
	
			
				 2.2
			

			
	
			
			The Agreement will in any event, without notice being required, terminate as of the first day of the month following the date the Employee reaches the State pension age (AOW-gerechtigde leeftijd).

			
	
			
				 2.3
			

			
	
			
			The Agreement can be terminated by each of the Parties with due observance of the statutory notice period of 4 months for the Employer and 2 months for the Employee.

			
	
			
				 2.4
			

			
	
			
			If the Agreement is terminated on the initiative of Employer, other than in the case of summary dismissal as referred to in article 7:677 of the Dutch Civil Code, long-term illness (article 7:669 section 3 under b Dutch Civil Code) or severely culpable acts or omissions by Employee as referred to in article 7:669 section 3 under e Dutch Civil Code, Employer shall grant the Employee severance pay equal to 100% of the annual base salary excluding 8 % holiday allowance (hereinafter: ‘Severance pay’) subject to deductions that are authorized by Employee and/or required by applicable laws and regulations. If and insofar Employee is entitled to the transition payment as referred to in article 7:673 of the Dutch Civil Code, this transition payment shall be deemed to be factored into the Severance pay. In the event of a termination under this clause the Employer shall provide 4 months’ notice to the Employee. The Employer, in its sole discretion, may choose to put the Employee on garden leave at any time during the notice period. Garden leave will be considered equal to continuation of full time employment, but the Employee will be released from his working duties. In the event that the Employee is placed on garden leave, the amount of the severance pay under this clause 2.4 will be reduced by an amount equivalent to the salary during the Employee’s garden leave.    

		
			Change of Control 
		

			
	
			
				 2.5
			

			
	
			
			Change of Control will be defined as follows: "A situation in which more than 50% of the shares in the Employer will be acquired by a third party, and as a result whereof, the Employer becomes part of another group of companies, whether or not with the view of terminating the stock exchange listing of the Employer."

			
	
			
				 2.6
			

			
	
			
			In the event of a proposed Change of Control, the conditions as stated in Clause 2.7. through 2.11 of the Agreement shall apply instead of the provisions in Clause 2.4, provided  that  the  Employee is actively working  and performing services for the Employer throughout the full process leading up to the actual Change of Control ("the Closing Date"). 

			
	
			
				 2.7
			

			
	
			
			The Employer cannot give notice of termination for reasons related to the Change of Control earlier than two months before the expected Closing Date and provided that the proposed Change of Control has been duly announced by means of a press release.

			
	
			
				 2.8
			

			
	
			
			In case the Employer gives notice of termination for reasons related to the Change of Control, a notice period for the Employer of 12 months applies instead of the notice period of four months as mentioned in Clause 2.3 of the Agreement. The 12 months’ notice period starts from the moment notice has been given. During the notice period the Employee is entitled to   full   salary and all other terms and conditions of employment will continue to apply, including blackout periods (no share trading).

			
	
			
				 2.9
			

			
	
			
			Upon the Employee's written request the entitlement, as referred to in the last sentence of Clause 2.8. of this Agreement, can be converted to an one-time cash payout. This cash payout consists of the equivalent of the full salary the Employee is entitled to, excluding other terms and conditions, for the remaining part of the notice period. The Employee can file such a 

		 

 

	request anytime throughout the notice period. At the time of such payout, the employment will be deemed terminated. If and insofar Employee is entitled to the transition payment as referred to in article 7:673 of the Dutch Civil Code, this transition payment shall be deemed to be factored into the cash payout.  

			
	
			
				 2.10
			

			
	
			
			During the notice period the Employer may choose to put the Employee on garden leave. Garden leave will be considered equal to continuation of full time employment, but the Employee will be released from his working duties. The Employee can be called for work during his garden leave without any extra compensation. 

			
	
			
				 2.11
			

			
	
			
			Clauses 2.5 through 2.11. of this Agreement are conditional upon fully performed employment by the Employee throughout the process of Change of Control until  the Closing Date. Clauses 2.11. and 2.8. are not  applicable  if (i) the Employee gives notice prior  to  the Closing date, (ii) the  Employee has not  fully  performed  his duties  in the period prior to the Closing date, and/or (iii) the Employee is offered employment by the acquiring entity (i.e. the new shareholder) or one of the group entities of the new shareholder,  provided  that  the  employment  terms  and  conditions  offered  by  the acquiring entity  are at least equal to the terms and conditions of the Agreement, the Employee performs his services at the same location  and the Employee remains employed by the new shareholder for at least 18 months after the Closing Date (not including the notice period).

			
	
			
				 3
			

			
	
			
			Salary and holiday allowance

			
	
			
				 3.1
			

			
	
			
			The Employee’s annual salary will be EUR 200.000,00 gross, including 8% holiday allowance on the basis of a fulltime employment. The salary, excluding the holiday allowance, shall be paid in 12 equal instalments ultimately by the end of each calendar month. The Employee will work on a fulltime basis, 1,0 FTE and therefore the actual monthly salary is EUR 15.432,10. In case of part time employment, all earnings will be pro-rated.

			
	
			
				 3.2
			

			
	
			
			Once per year, in the month May, the Employer shall pay to the Employee the holiday allowance of 8% of the annual gross salary earned with the Employer in the preceding calendar year. If the Agreement commences and/or terminates during the calendar year, and/ or the Employee works on a part-time basis, the holiday allowance will be paid out pro rata.

			
	
			
				 3.3
			

			
	
			
			The Employee shall be eligible to a bonus payment amounting to a maximum of 35% of his annual gross salary. The Employee’s eligibility to a bonus payments shall be dependent on the company guidelines and discretionary to the Management Board.

			
	
			
				 3.4
			

			
	
			
			In July 2017 the Employee will be paid a spot on bonus of EUR 20.000,00 gross as appreciation for duties performed in the past 9 months.

			
	
			
				 3.5
			

			
	
			
			Bonus payments, if any, are ultimately made in the month following the month in which the annual accounts of the Employer were adopted by the meeting of the shareholders. Bonus payments, if any, will not be taken into account for the calculation of any possible severance payment upon termination of the Agreement. Employee needs to be in service on date of bonus pay out.

			
	
			
				 4
			

			
	
			
			Overtime

		
			The Employee undertakes to work overtime at the request of the Employer. The Employer does not pay any compensation for overtime. 
		

		
			

		 

 

		

			
	
			
				 5
			

			
	
			
			Expenses

			
	
			
				 5.1
			

			
	
			
			The costs for travelling from home to office shall be compensated in accordance with the company policy.

			
	
			
				 5.2
			

			
	
			
			To the extent that the Employer has given prior approval for business travels, the Employer shall reimburse reasonable travel and accommodation expenses relating to such business travel incurred by the Employee in the performance of his duties upon submission of all the relevant invoices and vouchers within 30 days following completion of the business travel.  

			
	
			
				 6
			

			
	
			
			Holidays

			
	
			
				 6.1
			

			
	
			
			The Employee is entitled to 30 business days holiday per year or a pro rata portion thereof if the Agreement commences and/or terminates during the calendar year and/ or the Employee works part-time. 

			
	
			
				 6.2
			

			
	
			
			The statutory holiday days (20 days of the 30 per year on full time employment) shall be forfeited after 6 months after the end of the year in which the holiday days were accrued.

			
	
			
				 6.3
			

			
	
			
			The Employer shall determine the commencement and the end of the holiday in consultation with the Employee. The Employee shall take his holidays in the period that the activities best allow this.

			
	
			
				 7
			

			
	
			
			Illness

		
			In the event of illness in the sense of section 7:629 Dutch Civil Code, the Employee must report sick to the Employer as soon as possible, but no later than 9 a.m. on the first day of illness. The Employee undertakes to comply with the rules related to reporting and inspection in the case of illness, as adopted from time to time by the Employer.
		

			
	
			
				 8
			

			
	
			
			Insurance

		
			The Employer will comply with the obligations under the Dutch Health Care Insurance Act.
		

			
	
			
				 9
			

			
	
			
			Pension

		
			The Employee shall be entitled to participate in the pension scheme of the Employer following company guidelines.
		

			
	
			
				 10
			

			
	
			
			Confidentiality obligation

			
	
			
				 10.1
			

			
	
			
			Both during the term of the Agreement and after the Agreement has been terminated for any reason whatsoever, the Employee shall not make any statements in any way whatsoever to anyone whomsoever (including other personnel of the Employer, unless these should be informed of anything in connection with the work they perform for the Employer), regarding matters, activities and interests of a confidential nature related to the business of the Employer and/or the Employer’s affiliates, of which the Employee became aware within the scope of his work for the Employer and the confidential nature of which he is or should be aware. This includes, inter alia, information about the Employer’s products, processes and services, including but not limited to, information relating to research, development, inventions, manufacture, purchasing, engineering, marketing, merchandising and selling. 

		
			

		 

 

		

			
	
			
				 10.2
			

			
	
			
			For all oral and written publications by the Employee, which can or could harm the interests of the Employer, prior approval from the Employer has to be obtained. This approval shall only be refused on sincere grounds based on those interests. 

			
	
			
				 10.3
			

			
	
			
			All information exchanged via the Employer’s email system is considered to be company’s proprietary information and should be taken care of accordingly.

			
	
			
				 11
			

			
	
			
			Documents

		
			The Employee is prohibited from in any way having documents and/or correspondence and/or other information carriers and/or copies thereof in his possession that belong to the Employer and/or to the Employer’s affiliates, with the exception of the extent to which and as long as required for the performance of his activities for the Employer. In any event, the Employee is required, even without any request being made to that end, to return such documents and/or correspondence and/or other information carriers and/or copies thereof to the Employer immediately upon the end of the Agreement, or in the event the Employee is on non-active duty for any reason whatsoever.
		

			
	
			
				 12
			

			
	
			
			Ban on ancillary jobs

		
			During the term of the Agreement, without the prior written consent of the Employer, the Employee shall not accept any paid work or time-consuming unpaid work at or for third parties and will refrain from doing business for his own account.
		

			
	
			
				 13
			

			
	
			
			Non-competition and business relationship clause

			
	
			
				 13.1
			

			
	
			
			Both during the term of the Agreement and for a period of one year after the Agreement has been terminated for any reason whatsoever, without the prior written consent of the Employer, the Employee shall not be engaged or involved or have any share in any manner whatsoever, directly or indirectly, whether on his own behalf or for third parties, in any enterprise which conducts activities in a field similar to or otherwise competing with that of the Employer and/or the Employer’s affiliates, nor act, in any manner whatsoever, directly or indirectly, whether on his own behalf or for third parties, as an intermediary in relation to such activities.

			
	
			
				 13.2
			

			
	
			
			Both during the term of the Agreement and for a period of one year after the Agreement has been terminated for any reason whatsoever, without the prior written consent of the Employer, the Employee shall not perform or have performed professional services in connection with any product or research or development or commercialization that competes with products, or research or development or commercialization of Employer, directly or indirectly, whether on his own behalf or for third parties, nor enter into contact, in that respect, directly or indirectly, whether on his own behalf or for third parties, with clients and/or relations of the Employer and/or the Employer’s affiliates and/or purchasers of products and/or services of the Employer and/or the Employer's affiliates. 

			
	
			
				 13.3
			

			
	
			
			Clients and/or relations of the Employer and/or the Employer’s affiliates such as set out in article 13.2 of this Agreement shall in all events mean relations of the Employer and/or the Employer’s affiliates with which the Employer has or has had (business) contact in any manner whatsoever throughout the course of, or otherwise prior to the termination of, the Agreement.

			
	
			
				 13.4
			

			
	
			
			Both during the term of the Agreement and for a period of one year after the Agreement has been terminated for any reason whatsoever, without the prior written consent of the Employer, 

		 

 

	the Employee shall refrain from becoming engaged or involved in any manner whatsoever, directly or indirectly, whether on his own behalf or for third parties, in actively enticing away, taking (or causing to have taken) into employment, nor make use of, in any manner whatsoever, directly or indirectly, whether on his own behalf or for third parties, the type of work of employees or persons who in a period of one year prior to the termination of the Agreement of the Employee are or have been in the employment of the Employer and/or the Employer’s affiliates.

			
	
			
				 13.5
			

			
	
			
			Employee acknowledges and agrees to the adhere to this clause  as the Employer has a serious business interest in binding the Employee to the non-competition and business relationship clause, due to the fact that (i) within the organization of the Employer competition-sensitive information as well as confidential information related to the Employer and its clients and relations, such as but not limited to products, or research or development or commercialization of Employer (“Sensitive Business Information”) are available and (ii) in the position of Chief Accounting Officer the Employee has access to this Sensitive Business Information and/or will become aware of this Sensitive Business Information and/or will maintain (commercial) contacts with clients, suppliers, competitors etc. Given the aforesaid considerations (i) and (ii) in this clause, combined with the education and capacities of the Employee, the Employer has a well-founded fear that its business interest will be harmed substantially if the Employee performs competing activities as set forth in clauses 13.1 up to and including 13.5 of the Agreement within a period of 12 months after termination of the Agreement. 

			
	
			
				 14
			

			
	
			
			Intellectual and industrial property 

			
	
			
				 14.1
			

			
	
			
			The Employer is or will be considered to be, to the fullest extent allowed by law, the maker/producer/designer/breeder of all that which is made, created, improved, produced, designed, invented or discovered by the Employee during the course of this Agreement (the Works).

			
	
			
				 14.2
			

			
	
			
			The Employee is obliged to fully and comprehensibly disclose all Works to the Employer in writing immediately after they are created or after the creation becomes known to the Employee, and in any case at the request of the Employer.

			
	
			
				 14.3
			

			
	
			
			The Employee hereby transfers and assigns all his rights to and in connection with the Works to the Employer in advance.

			
	
			
				 14.4
			

			
	
			
			The Employee is obliged, at first request of the Employer, to transfer and assign to the Employer all rights to and in connection with the Works that do not belong to the Employer by operation of law (van rechtswege), and that are not transferred to the Employer pursuant to article 14.3 of this Agreement. This concerns all rights, anywhere in the world, to and arising from or in connection with the Works. This obligation of the Employee remains in force even after the end of this Agreement.

			
	
			
				 14.5
			

			
	
			
			The Employee agrees to perform, to the extent necessary and/or at the request of the Employer, such further acts as may be necessary or desirable to apply for, obtain and/or maintain protection for the Works, inter alia by means of the establishment of intellectual and industrial property rights. The Employee hereby grants permission and power of attorney to the Employer to the extent necessary to carry out every required act on behalf of the Employee to obtain protection for the Works, or to transfer the Works and any rights relating thereto, to 

		 

 

	the Employer. The Employer will compensate the reasonable costs made in respect hereof, in so far as the payment that the Employee receives pursuant to article ‎3.1 of this Agreement cannot be considered as compensation for such costs. This obligation of the Employee remains in force even after the end of the Agreement.

			
	
			
				 14.6
			

			
	
			
			The Employee acknowledges that the payment ex article ‎3.1 of this Agreement includes a reasonable compensation for any possible deprivation of any intellectual and industrial property rights. To the extent legally possible, the Employee hereby waives his right to any additional compensation with respect to the Works.

			
	
			
				 15
			

			
	
			
			Gifts

		
			In connection with the performance of his duties, the Employee is prohibited from accepting or stipulating, either directly or indirectly, any commission, reimbursement or payment, in whatever form, or gifts from third parties. The foregoing does not apply to standard promotional gifts having little monetary value.
		

			
	
			
				 16
			

			
	
			
			Penalty clause

		
			In the event the Employee acts in violation of any of the obligations under the articles 10 through 15 of this Agreement, the Employee shall, contrary to section 7:650 paragraphs 3, 4 and 5 Dutch Civil Code, without notice of default being required, forfeit to the Employer for each such violation, a penalty in the amount of EUR 10.000,00 as well as a penalty of EUR 1.000,00 for each day such violation has taken place and continues. Alternatively, the Employer will be entitled to claim full damages. 
		

			
	
			
				 17
			

			
	
			
			Transfer of an undertaking

		
			The Employee shall remain under the obligation to adhere the set out in the articles 10 through 16 of this Agreement vis-à-vis the Employer, if the enterprise of the Employer or a part thereof is transferred to a third party within the meaning of section 7:662 and onwards Dutch Civil Code and this Agreement terminates before or at the time of such transfer, whereas in the event of continuation of the Agreement the Employee would have entered the employment of the acquirer by operation of law.
		

			
	
			
				 18
			

			
	
			
			Other arrangements

		
			Subject to the provisions in this Agreement, the arrangements related to employment conditions adopted by the Employer from time to time, as laid down in the Employee Handbook are applicable. A copy of these arrangements has been provided to the Employee. By signing this agreement, the Employee acknowledges to have received and understood the Employee Handbook and the Insider Trading Policy.
		

			
	
			
				 19
			

			
	
			
			Employment costs regulation

		
			The conditions of employment costs regulation determined by the Employer apply. In this context, the Employer reserves the right at its sole discretion to modify certain fringe benefits, without any compensation in return.
		

		
			

		 

 

		

			
	
			
				 20
			

			
	
			
			Amendment clause 

			
	
			
				 20.1
			

			
	
			
			The Employer reserves the right to unilaterally amend the Agreement and the arrangements referred to in article 18 of this Agreement if it has such a serious interest in that respect entailing that the interests of the Employee must yield to that in accordance with standards of reasonableness and fairness.

			
	
			
				 20.2
			

			
	
			
			The Employer reserves the right to unilaterally amend the Agreement and the arrangements referred to in article 18 of this Agreement in the event of a relevant amendment of the law.

			
	
			
				 21
			

			
	
			
			Applicable law, no collective labour agreement

			
	
			
				 21.1
			

			
	
			
			This Agreement is governed by Dutch law.

			
	
			
				 21.2
			

			
	
			
			The Agreement is not subject to any collective labour agreement.

		
			 
		

		
			THIS AGREEMENT has been entered into on the date stated at the beginning of this Agreement
		

		
			 
		

			
					
						uniQure biopharma B.V.

					
						 

					
					
						 

					
					
						uniQure biopharma B.V.

					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/ Matthew Kapusta

					
					
						 

					
					
						 

				
	
					
						By: 

					
					
						Matthew Kapusta

					
					
						 

					
					
						By: 

				
	
					
						Title: 

					
					
						CEO

					
					
						 

					
					
						Title:

				

		
			 
		

		
			 
		

			
					
						Employee

				
	
					
						 

				
	
					
						 

				
	
					
						 

				
	
					
						 

				
	
					
						/s/ Christian Klemt

					
					
						 

				
	
					
						By:    Christian Klemt

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