Document:

Separation Agreement and General Release - Jeremiah J. Hennessey

 Exhibit 10.13 
 SEPARATION AGREEMENT AND GENERAL RELEASE 
 THIS SEPARATION AGREEMENT AND GENERAL RELEASE (this
“Agreement”) is entered into as of December 17, 2008 by and between JEREMIAH J. HENNESSY(“Executive”) and BJ’S RESTAURANTS, INC., a California corporation (the “Company”), with respect to the
following facts: 
 A. Executive is currently serving as a director of the Company and is currently employed by the Company pursuant to the
terms of that certain Amended and Restated Employment Agreement, dated as of June 27, 2005, between Executive and the Company (the “Employment Agreement”). 
 B. Executive and the Company have agreed that Executive’s employment with the Company and any direct or indirect subsidiary thereof (collectively,
“Subsidiaries”) will terminate effective as of December 30, 2008 (the “Termination Date”), and that simultaneously with such termination, Executive will resign and cease to serve as a director and officer of
the Company and its Subsidiaries. 
 C. The Company and Executive desire to amicably compromise and finally settle and resolve all
controversies between them including, but not limited to any differences or claims that might also arise out of the Employment Agreement, Executive’s employment with the Company or any Subsidiaries, executives position as a member of the Board
of Directors of the Company or any Subsidiaries, and Executive’s termination or resignation as an employee, officer and/or director, to bring these matters to a conclusion and to avoid incurring costs and expenses which would be incident to the
prosecution and defense of claims arising from any disputed matters. 
 NOW, THEREFORE, in consideration for the covenants and agreements
contained herein, and other good and valuable consideration, the parties hereto agree as follows: 
 1. Termination and
Acknowledgment of Payment. Executive and the Company hereby agree that Executive’s employment with the Company shall terminate as of 5:00 p.m. (Pacific Time) on the Termination Date. Subject to the provisions of Section 2.6 of this
Agreement, Executive hereby resigns as a director, officer and manager of the Company and any Subsidiaries effective on the Termination Date and the Company and the Subsidiaries hereby accept such resignations. Except as otherwise specifically set
forth in this Agreement, the Company and the Subsidiaries shall have no further obligations to Executive and all compensation and benefits payable to him shall cease as of the Termination Date. Except for accrued but unpaid amounts due Executive
pursuant to the terms of the Employment Agreement for periods up to and including the Termination Date, and except as specifically contemplated by this Agreement, Executive hereby acknowledges that he has been paid all accrued compensation, wages,
bonus or vacation pay, benefits and other compensation owed to him by the Company and the Subsidiaries or to which he may be entitled up to and through the Termination Date and hereby releases the Company and the Subsidiaries of any further
obligations to pay any such amounts. 

 2. Termination Payments and Other Consideration. 
 2.1 Termination Payments. The Company shall cause to be paid to Executive the gross sum of Three Hundred Forty-Nine Thousand Five
Hundred Ninety-Two Dollars ($349,592) which shall be paid in 26 equal bi-weekly installments in accordance with the Company’s payroll practices (the “Termination Payments”). The Termination Payments shall commence on the first
regular payroll date of the Company following the expiration of the Revocation Period provided for in Section 21. The Company shall deduct from such Termination Payments any and all applicable state and federal withholdings. 
 2.2 Continuation of Group Health Benefits. For a period of eighteen (18) months following the Termination Date, the Company
agrees to reimburse Executive for the cost of premiums to maintain the health insurance coverage currently in effect for Executive and his dependents. Company and Executive agree that (i) the current cost of such health insurance is $13,457 per
annum, and (ii) the Company’s reimbursement obligations shall increase in the event that the cost of maintaining the existing health insurance coverage is increased by the insurer, subject to a maximum increase of fifteen percent
(15%) during the eighteen (18) months reimbursement period. Other than health insurance reimbursement provided for above and except as may be required by applicable law or the specific terms of this Agreement, following the Termination
Date, Executive shall be responsible for maintaining and paying for his own health, life, disability and/or other insurance benefits for himself and his dependents. 
 2.3 Options. Executive and the Company acknowledge and agree that Exhibit A attached hereto and incorporated herein by this reference sets forth all outstanding options held by Executive or to
which Executive is entitled as of the Termination Date (the “Options”). Notwithstanding anything to the contrary contained in the Employment Agreement or the terms of the Options themselves, the Company agrees that on the Termination Date,
all existing Options shall accelerate and vest in full and shall continue to be exercisable until December 31, 2009. 
 2.4 Vacation. Executive acknowledges and agrees that, as of the Termination Date, he has no accrued vacation and, accordingly, will not receive any payment for accrued but unpaid vacation on the Termination Date.

 2.5 Compliance with Agreement. Except for the Company’s obligation to provide directors and officers liability
insurance coverage of Executive in accordance with the provisions of Section 2.7 and its obligations pursuant to Section 2.6, Executive acknowledges and agrees that all payments and other benefits provided to him under this Agreement are
contingent upon his compliance with all of the terms and conditions of this Agreement in all material respects. 
 2.6 Permits and
Licenses. The Company and Executive acknowledge that it may be impractical for Executive to be replaced on the Termination Date as an officer, director or agent of the Company or its Subsidiaries on certain governmental licenses or permits
or on any leases or guarantees with respect to which Executive may have any obligation. Accordingly, the Company covenants and agrees that immediately following the Termination Date, the Company shall use commercially reasonable efforts to expedite
the removal and release of Executive from all such 

  

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licenses, permits, leases and guarantees and, at all times following the execution of this Agreement, Executive covenants and agrees to take all necessary
steps reasonably requested by the Company (including execution and delivery of any necessary certificates or other documentation) to replace Executive on any governmental licenses or permits (including any liquor licenses) on which such Executive is
listed personally or as an officer, director or agent of the Company. The Company further covenants and agrees that it shall, to the extent permitted by applicable law, fully indemnify Executive for all costs, fees, and any and all other claims and
liabilities arising from any governmental license or permit, guarantee or lease of any property maintained for the benefit of the Company and which is in the name of Executive. 
 2.7 Officers and Directors Insurance. For a period of at least five (5) years following the Termination Date, the Company shall
maintain directors and officers liability insurance in accordance with the Company’s usual and customary practices, which policy shall include customary coverage for Executive with respect to his service on the Board of Directors and as an
officer of the Company. Notwithstanding anything to the contrary set forth herein, the Company and Executive understand and agree that (i) the amount and nature of such insurance coverage shall be as determined by the Board of Directors of the
Company, and (ii) the insurance coverage afforded to Executive shall be no less than the coverage maintained for the benefit of the Company’s continuing executive officers and members of the Company’s Board of Directors. 

3. Return of Company Property. Executive warrants and represents that he has or will, within fifteen (15) business days of the
Termination Date, return to the Company all property of the Company and the Subsidiaries in the possession, custody and/or control of Executive, his spouse or any affiliate(s) thereof. Such property shall include any written records or computer
files containing Confidential Information (and all copies thereof), as such term is defined in Section 6.2 of this Agreement; provided, however, that Executive may retain copies of correspondence authored or addressed to Executive. Executive
will, upon request by the Company, certify his compliance with this Section 3 in writing. The Company further covenants and agrees that on the Termination Date, the Company shall use its commercially reasonable efforts to cause Executive’s
current cell phone number used by Executive in connection with Company business to be transferred to Executive; provided, however, that Executive shall be liable for all charges associated with such cell phone number following the Termination Date.

 4. Release of Claims. 
 4.1 Release by Executive. As a material inducement to the Company to enter into this Agreement and in consideration of the Termination Payments and other valuable consideration, Executive does
hereby agree to and hereby does unconditionally and generally release and fully and forever waive and discharges, on his own behalf and on behalf of any of his dependents, heirs, affiliates, successors and assigns, the Company, and its parent,
subsidiary and affiliated companies, partnerships, and each of their respective present or former affiliates, subsidiaries, officers and directors, shareholders, partners, employees, agents, attorneys, accountants and representatives, and their
respective successors and assigns (collectively, the “Company Released Parties”) from any and all rights, claims, actions, suits, demands, causes of action, charges, 

  

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obligations, damages, breaches, attorneys’ fees, costs and liabilities of any nature whatsoever (collectively, “claims”), whether or not now
known, suspected or claimed, which Executive now holds or has at any time heretofore owned or held against the Company Released Parties including, but not limited to, claims (a) arising out of his employment with or service as director of the
Company and/or his resignation or termination therefrom, except as set forth in the last sentence of this Section 4.1 or as otherwise specifically provided in this Agreement, (b) except as specifically provided in this Agreement, for
compensation, severance payments, rights or benefits due to him under any plan or arrangement with the Company or its Subsidiaries, including the Employment Agreement, (c) that the Company Released Parties or any of them discriminated against
Executive on the basis of his race, sex, religion, national origin, handicap, ancestry, sexual orientation, mental or physical disability, or age, (d) that the Company Released Parties violated any promise or agreement either express or implied
with Executive, or that the Company has terminated him for any illegal reason or in an illegal fashion, including specifically without limiting the generality of the foregoing any claim under the Employee Retirement Income Security Act, Title VII of
the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Americans with Disabilities Act, the Worker Pay Act, the Fair Labor Standards Act, or (e) for employment discrimination, defamation, liable, interference with contract,
business relationships, or prospective economic advantage, emotional distress, wrongful termination and, except as specifically provided in this Agreement, wages, severance pay, deferred compensation, stock options, bonus, sick leave, holiday pay,
vacation pay, life insurance, health and medical insurance, or any other fringe benefit or commissions. Notwithstanding any of the foregoing, nothing in this Agreement shall be deemed to constitute a release or waiver of any claims that Executive or
his affiliates may have against any of the Company Released Parties (i) relating to or arising out of any criminal or fraudulent actions by the Company Released Parties, or (ii) for indemnification under the California Corporations Code,
the Company’s Articles of Incorporation or Bylaws or any existing officer or director liability or errors and omissions insurance policy. 
 4.2 Acknowledgment of Executive. This Agreement also is intended to waive all rights and claims, if any, arising under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621 et seq.
Executive acknowledges that the consideration in the Agreement exceeds payment or remuneration to which he is already entitled. Executive acknowledges that he has been advised to consult with an attorney prior to executing this Agreement. Executive
acknowledges that he has been given a reasonable period of time to consider this Agreement and waives the twenty-one (21) day consideration period of the Older Workers Benefit Protection Act. He fully understands that, except as specifically
provided in this Agreement to the contrary, this Agreement constitutes a waiver of all rights available under federal and state statutes, municipal charter and common law with regard to any matter related to his employment and his termination of
employment with the Company. 
 4.3 Release by Company. Company does hereby agree to and hereby does unconditionally
and generally release and fully and forever waive and discharge, on its own behalf and on behalf of any of its affiliates, successors and assigns, Executive and each of his present or former affiliates, agents, attorneys, accountants and
representatives, and their respective successors and assigns (collectively, the “Executive Released Parties”) from any and all claims, 

  

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whether or not now known, suspected or claimed, which the Company now holds or have at any time heretofore owned or held against the Executive Released
Parties including, but not limited to, claims arising out of his employment with and service on the Board of Directors of the Company and/or his resignation or termination therefrom, Notwithstanding the foregoing, nothing in this Agreement shall be
deemed to constitute a release or waiver of any claims that the Company or his affiliates may have against any of the Executive Released Parties (i) relating to or arising out of any criminal or fraudulent actions by the Executive Released
Parties, or (ii) relating to or arising out of any actions or circumstances with respect to which indemnification of Executive would not be permitted under applicable law. 
 4.4 No Assignment of Claims. Executive and the Company represent and warrant that they have not heretofore assigned or transferred to
any person or entity of any kind any matter released herein. To the extent that the release set forth in Section 4 of this Agreement runs in favor of persons or entities not signatory hereto, this Agreement is hereby declared to be made for
each of their express benefits and uses. 
 4.5 Waiver of Unknown Claims. It is a further condition of the consideration
herein and is the intention of Executive and the Company in executing this instrument that the same shall be effective as a bar to each and every claim, demand, and cause of action hereinabove specified and, in furtherance of this intention,
Executive and the Company hereby expressly waive any and all rights or benefits conferred by the provisions of SECTION 1542 OF THE CALIFORNIA CIVIL CODE and/or any similar rule of law adopted by statute or otherwise in any other of the United States
and expressly consents that this Agreement shall be given full force and effect according to each and all of its express terms and conditions, including those relating to unknown and unsuspected claims, demands and causes of actions, if any, as well
as those relating to any other claims, demands and causes of actions hereinabove specified. Section 1542 of the California Civil Code provides: 
 “A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his
settlement with the debtor.” 
 Executive and the Company acknowledge that they may hereafter discover claims or facts in addition to or different
from those which they now know or believe to exist with respect to the subject matter of this Agreement and which, if known or suspected at the time of executing this Agreement, might have materially affected this settlement. Nonetheless, Executive
and the Company hereby waive any right, claim or causes of action that might arise as a result of such different or additional claims or facts. Executive and the Company hereby acknowledge that they understand the significance and consequence of
such release and such specific waiver of SECTION 1542 or any similar laws in any of the United States. 
 4.6 No Prior
Assignment; Covenant Not to Sue. No party to this Agreement has heretofore assigned, transferred, or granted, or purported to assign, transfer or grant, 

  

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any of the claims released pursuant to this Agreement. Each party hereby covenants not to sue the other with respect to any of the claims that such party is
releasing pursuant to this Agreement. Executive represents that he is the owner of the claims that he is releasing, and shall indemnify, defend, and hold the Company Released Parties free and harmless from and against all claims, demands, and cause
or causes of action made or asserted by any other person, firm or entity purporting to be the owner of any claims, demands, and cause or causes of action so released. The Company represents that it is the owner of the claims that it is releasing,
and shall indemnify, defend, and hold the Executive Released Parties free and harmless from and against all claims made or asserted by any other person, firm or entity purporting to be the owner of any claims, demands, and cause or causes of action
so released. 
 5. No Admission. The Company and Executive understand and agree that neither this Agreement nor the
consideration referenced herein is to be construed as an admission on the part of the Company Released Parties or the Executive Released Parties, or any of them, of any liability or wrongdoing whatsoever and neither this Agreement nor anything
contained herein shall be admissible in any proceeding as evidence of or an admission by the Company Released Parties or the Executive Released Parties, or any of them, of any liability or wrongdoing. 
 6. Confidentiality, Non-Competition, Non-Solicitation and Non-Disparagement Covenants. 
 Executive agrees that it is reasonable and necessary for the protection of the goodwill and business of the Company that Executive make the covenants
contained in Sections 6.2 through 6.6 herein and that the Company is relying upon and is induced by the agreements made by Executive in this Section 6. 
 6.1 Non-Competition. The Company hereby agrees that the non-competition provisions contained in Section 13.2 of the Employment Agreement shall terminate and not apply to Executive from and
after the Termination Date. 
 6.2 Confidentiality. 
 (a) Confidential Information. From and after the Termination Date, Executive shall not, except as may be required by applicable law or court
order, disclose to others for use, whether directly or indirectly, any Confidential Information regarding the Company. The term “Confidential Information” as used in this Agreement shall mean information about the Company, its Subsidiaries
and affiliates, and their respective clients, suppliers and customers that is not available to the general public or that does not otherwise become available to the general public, and that was learned by Executive in the course of his employment by
the Company, including, without limitation, any data, formulae, recipes, methods, information, proprietary knowledge, trade secrets, client, supplier and customer lists, and all papers, resumes, records and other documents containing such
Confidential Information. Executive acknowledges that such Confidential Information is specialized, unique in nature and of great value to the Company, and that such information gives the Company a competitive advantage.  
  

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 (b) Importance of Confidential Information. Executive acknowledges and agrees that the
Company’s Confidential Information is a valuable, special and unique asset of the Company which is extremely important in a highly competitive business such as the Company’s. Executive acknowledges that the disclosure of any Confidential
Information may cause substantial injury and loss to the Company. Executive acknowledges that the Company retains a proprietary interest in its Confidential Information that persists beyond the termination of Executive’s employment by the
Company. 
 (c) Right to Company Materials. Executive agrees that all styles, designs, recipes, lists, materials, books, files,
reports, correspondence, records and other documents (“Company Material”) used, prepared, or made available to Executive, shall be and shall remain the property of the Company. All Company Materials shall be returned to the Company in
accordance with the provisions of Section 3 of this Agreement, and Executive shall not make or retain any copies thereof other than as specifically permitted pursuant to Section 3 of this Agreement. 
 (d) Confidentiality of this Agreement. Executive and the Company acknowledge and agree that unless and until this Agreement is disclosed or filed
with the United States Securities and Exchange Commission, its contents and the terms of this Agreement are confidential, and agree not to disclose, publicize, or cause to be publicized, any of the terms or conditions of this Agreement (other than
the fact of the existence of this Agreement), and except as the Company and Executive may mutually agree in writing or as required by judicial process or applicable law or to Executive’s immediate family, financial advisors or attorneys who
shall be advised of this Agreement and bound by it. Executive understands and agrees that the material terms of this Agreement may be required to be disclosed or filed as part of the Company’s required filings pursuant to the requirements of
the Securities Exchange Act of 1934, as amended. 
 6.3 Non-Solicitation. Executive understands and agrees that in the
course of employment with the Company, Executive has obtained access to and/or acquired Company trade secrets, including Confidential Information, which are solely the property of the Company. Therefore, to protect such trade secrets, Executive
promises and agrees that for a period of two (2) years following the Termination Date, he will not solicit or assist others in soliciting any employees, franchisees, landlords, or suppliers of the Company or any of its present or future
subsidiaries or affiliates, to divert their employment or business to or with any individual, partnership, firm, corporation or other entity then in competition with the business of the Company, or any subsidiary or affiliate of the Company. The
Company acknowledges in this regard that its customers, landlords and suppliers do have existing relationships and likely will have future relationships with the Company’s direct and indirect competitors in the restaurant industry in the
ordinary course of their activities and that such competitors may include entities to which Executive may in the future provide services or of which Executive has an ownership interest. 
 6.4 Non-Disparagement. Except for statements of fact, internal Company communications relating to the performance of the Company,
disclosures required under applicable law or in connection with any legal proceedings with respect to which Executive is a party or witness, Executive will not make any disparaging remarks regarding the Company at any time 

  

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following the termination of his employment with the Company. Except for statements of fact, internal communications relating to the performance of Executive
or termination of his employment, and disclosures required under applicable law or in connection with any legal proceedings with respect to which the Company is a party or witness, the Company will not make any disparaging remarks regarding
Executive at any time following the termination of his employment with the Company. 
 6.5 Consideration for Covenants.
The covenants of Executive set forth in this Section 6 are made in consideration of the payments made, and other benefits given, to Executive pursuant to this Agreement, the receipt, adequacy and sufficiency of which are acknowledged by
Executive, and such covenants have been made by Executive to induce the Company to enter into this Agreement. 
 6.6 Scope of
Covenants; Judicial Modification. It is specifically agreed and understood that because of the nature of the business and the fact that the Company has customers and clients throughout the United States, the provisions of this Section 6
are reasonable. However, in furtherance of the provisions of this Section 6 and subsections hereunder, Executive and the Company agree that in the event a court should decline to enforce all of the covenants contained in this Section 6, or
any part thereof, the other covenants and the remainder of any of the covenants so impaired shall not thereby be affected and shall be given full effect, without regard to the invalid portions. If any court determines that any of the covenants
contained in this Section 6 or any parts thereof are unenforceable because of the duration or scope thereof, such court shall have the power to reduce the duration or scope, as the case may be and such covenants shall then be enforceable in
their reduced form. 
 6.7 Compliance with Prior Covenants. Executive represents , warrants and agrees that (i) prior to
the Termination Date he had not breached the provisions of Sections 13.1 (Confidential Information), 13.4 (Non-solicitation) or 13.5 (Non-disparagement) of the Employment Agreement in any material respect (the “Prior Covenants”),
and (ii) any such material pre-Termination Date breach of the Prior Covenants shall be deemed a breach of this Agreement and shall entitle the Company to seek the same remedies as would be available with respect to a breach of Section 6 of
this Agreement. 
 7. Material Breach. 
 7.1 Injunctive Relief. In the event any party breaches any of the provisions, covenants or promises set forth in Sections 3, 4 and 6 or other provisions of this Agreement, the injured party will be
entitled, in addition to damages, to injunctive relief from a court of competent jurisdiction, enjoining the party which committed the breach, or any of them, their agents, attorneys, and all others acting on his or its behalf from any further
disclosure or dissemination of information or any activity in breach of Sections 3, 4 and 6 of this Agreement. 
 7.2 Cessation of
Termination Payments in Certain Circumstances. Notwithstanding anything to the contrary contained in this Agreement, in the event that Executive 

  

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breaches his obligations under this Agreement in any material respect, including, without limit, the provisions of Section 6.3 or 6.4 of this Agreement,
the Company shall give notice of such breach to Executive and, to the extent that such breach is not cured by Executive (to the extent curable) to the reasonable satisfaction of the Company within ten (10) business days of the date of such
notice, the Company shall have the right to terminate making Termination Payments and cease providing any other benefits or reimbursements to which Executive may otherwise be entitled to pursuant to the terms of this Agreement by giving three
(3) business days advance written notice of such termination. Notwithstanding the provisions of this Section 7.2, nothing in this Section 7.2 shall affect or cause the termination of the Company’s obligations pursuant to Sections
2.6 and 2.7 above. 
 8. Costs. Each party shall bear his or its own costs and attorneys’ fees in connection with the
negotiation and preparation of this Agreement. 
 9. Entire Agreement. This Agreement contains the sole and entire
agreement and understanding of the parties with respect to the entire subject matter hereof, and any and all prior discussions, negotiations, commitments or understandings related thereto, if any are hereby merged herein and therein. No
representations, oral or otherwise, express or implied, other than those specifically referred to in this Agreement have been made by any party hereto. No other agreements not specifically contained or referenced herein, oral or otherwise, shall be
deemed to exist or to bind any of the parties hereto. 
 10. Waiver, Modification and Amendment. No provision hereof may
be waived unless in writing signed by all parties hereto. Waiver of any one provision herein shall not be deemed to be a waiver of any provision herein. This Agreement may be amended or modified only by a written agreement executed by all of the
parties hereto. 
 11. Binding on Parties. This Agreement, and all the terms and provisions hereof, shall be binding on the
parties and their respective heirs, legal representatives, successors and assigns, and shall inure to the benefit of the parties and their respective heirs, legal representatives, successors and assigns. The parties shall defend, indemnify and hold
the other parties harmless from any claim or action brought by any third party related to this Agreement or any claim or matter released herein. 
 12. Voluntary Agreement. This Agreement in all respects has been voluntarily and knowingly executed by the parties after each party has had the opportunity to review it with their respective legal counsel. Executive
acknowledges and agrees that the Company has advised him to obtain counsel. All parties have participated in the drafting of this Agreement. Accordingly, no rule of construction shall apply against any party or in favor of any party, and any
uncertainty or ambiguity shall not be interpreted against any party and in favor of another. 
 13. Acknowledgment.
Executive acknowledges that he has been given a reasonable period of time to study this Agreement before signing it. Executive certifies that he has fully read, has received an explanation of, and completely understands the terms, nature and effect
of this Agreement. Executive further acknowledges that he is executing this Agreement freely, 

  

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knowingly and voluntarily and that his execution of this Agreement is not the result of any fraud, duress, mistake or undue influence whatsoever. In
executing this Agreement, Executive does not rely on any inducements, promises or representations by the Companies or any person other than the terms and conditions of this Agreement. 
 14. No Reliance. The parties acknowledge that they have read this Agreement, that they are relying solely upon the contents of this
Agreement, and are not relying upon any other representations, warranties, or inducements whatsoever as an inducement to enter into this Agreement, other than those referenced herein, and acknowledge that no representations, warranties, or covenants
have been made which are not referenced in this Agreement. 
 15. No Waiver. Failure to insist on compliance with any term,
covenant, or condition contained in this Agreement shall not be deemed a waiver of that term, covenant, or condition, nor shall any waiver or relinquishment of any right or power contained in this Agreement at any one time or more times be deemed a
waiver or relinquishment of any right or power at any other time or times. 
 16. Governing Law; Arbitration. This Agreement
shall be construed and enforced in accordance with the laws of the State of California. Except as provided herein, any controversy or claim arising out of or relating in any way to this Agreement or the breach thereof, or Executive’s
termination as an employee, officer or director of the Company or its Subsidiaries and any statutory claims including all claims of employment discrimination shall be subject to private and confidential arbitration in Orange County, California in
accordance with the laws of the State of California. The arbitration shall be conducted in a procedurally fair manner by a mutually agreed upon neutral arbitrator selected in accordance with the National Rules for the Resolution of Employment
Disputes (“Rules”) of the American Arbitration Association or if none can be mutually agreed upon, then by one arbitrator appointed pursuant to the Rules. The arbitration shall be conducted confidentially in accordance with the Rules. The
arbitration fees shall be paid by the Company. Each party shall have the right to conduct discovery including depositions, requests for production of documents and such other discovery as permitted under the Rules or ordered by the arbitrator. The
statute of limitations or any cause of action shall be that prescribed by law. The arbitrator shall have the authority to award any damages authorized by law for the claims presented including punitive damages and shall have the authority to award
reasonable attorneys fees to the prevailing party in accordance with applicable law. The decision of the arbitrator shall be final and binding on all parties and shall be the exclusive remedy of the parties. The award shall be in writing in
accordance with the Rules, and shall be subject to judicial enforcement in accordance with California law. Notwithstanding anything to the contrary contained in this Section 16, nothing herein shall prevent or restrict the Company or Executive
from seeking provisional injunctive relief from any forum having competent jurisdiction over the parties. 
 17. Severability.
Should any portion, word, clause, phrase, sentence or paragraph of this Agreement be declared void or unenforceable, such portion shall be considered independent of and severable from the remainder, the validity of which shall remain unaffected.

  

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 18. Titles and Captions. Paragraph titles or captions contained in this Agreement are
inserted only as a matter of convenience and for reference and in no way define, limit, extend or describe the scope of this Agreement or the intent of any provisions hereof. 
 19. Counterparts. This Agreement may be executed in counterparts, and when each party has signed and delivered at least one such
counterpart, each counterpart shall be deemed an original, and, when taken together with the other signed counterparts, shall constitute one agreement, which shall be binding and effective as to the parties. This Agreement shall be effective on the
date last executed by one of the parties hereto if so executed in counterparts. 
 20. Further Assurances; Cooperation in
Litigation. Executive hereby agrees that from time to time at the reasonable request of the Company, and without further consideration, Executive will (i) execute and deliver such additional instruments and take such other actions as
the Company may reasonably require to carry out the terms of this Agreement, including, without limitation, the execution of a form of intellectual property assignment and inventions agreement confirming and evidencing that Executive has no rights,
claim or interest in or to any intellectual property assets used or under development by the Company and that any such rights have been assigned to the Company, (ii) cooperate with the Company in connection with preparing for, defending, and
testifying in connection with any pending or future litigation or other proceeding or dispute between any of the Company and any third party, and (iii) cooperate with the Company in connection with any financial audit of the Company.

 21. Revocation. Executive will have the right for a period of up to, but not to exceed, seven (7) days from the date on
which he signs this Agreement to revoke it (the “Revocation Period”) by furnishing written notice of such revocation which must be delivered to the Company, prior to midnight on the seventh day. This Agreement will not become
effective or enforceable until the expiration of the Revocation Period. No Termination Payments will be paid until ten days after the expiration of the Revocation Period. 
 22. BJ’s Restaurants Foundation. The Company and Executive acknowledge and agree that this Agreement shall not serve to require the resignation or termination of Executive as a member of the Board
of Directors of BJ’s Restaurants Foundation (the “Foundation”). Simultaneously with the execution of this Agreement, Executive is executing a letter agreement setting forth certain understandings with respect to his service on
the Board of Directors of the Foundation. 
  

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 23. Notice. For the purpose of this Agreement, notices and all other communications
provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered or when mailed by United States certified or registered mail, return receipt requested, postage prepaid, addressed to the respective
addresses set forth below, or to such other addresses as either party may have furnished to the other in writing in accordance herewith, exception that notice of a change of address shall be effective only upon actual receipt: 
  

			
	Company:	  	BJ’s Restaurants, Inc.
		  	7755 Center Avenue, Suite 300
		  	Huntington Beach, CA 92647
		  	Attention: Chief Executive Officer
		
	Executive:	  	Jeremiah J. Hennessy
		  	                                       
                     
		  	                                       
                     
		  	                                       
                     

 PLEASE READ THIS AGREEMENT CAREFULLY. THIS SEPARATION AGREEMENT AND GENERAL RELEASE INCLUDES A
RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. 
 IN WITNESS WHEREOF, the parties have executed this Agreement on the date first set forth
above. 
 “Company” 
  

			
	BJ’S RESTAURANTS, INC.
		
	By:	 	 /s/    Gregory Levin

		 	Gregory Levin EVP and Chief Financial Officer

  

	
	“Executive”
	
	 /s/    Jeremiah J. Hennessy

	Name: JEREMIAH J. HENNESSY

  

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 EXHIBIT A 
 Schedule of Outstanding Options 
  

						
	 Date of Grant
	  	No. of Option Shares	  	Exercise Price
	 06/27/05
	  	85,000	  	$	19.38

  

 -13-exhibit_10-5.htm

    Exhibit
      10.5

    AMENDED
      AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT

     

    This
      Amended And Restated Executive Employment Agreement
(“Agreement”), originally made by and between
Bionovo, Inc. (the “Company”)
      and
Isaac Cohen (“Executive”), effective
      as of January 1, 2008 (the “Effective Date”), is
      hereby amended and restated in its entirety effective as of January 1, 2008
      to
      read as follows:

     

    Recitals

     

    Whereas,
      Executive is currently employed by the Company as its Chief Executive
      Officer;

     

    Whereas,
      Executive’s prior employment agreement with the Company, dated July 1, 2004,
      expired as of July 1, 2007; and

     

    Whereas,
      the Company desires to continue to employ Executive as its Chief Executive
      Officer, and Executive is willing to continue such employment by the Company,
      on
      the terms and subject to the conditions set forth in this
      Agreement.

     

    Agreement

     

    Now,
      Therefore, in consideration of the mutual promises and subject to the
      terms and conditions set forth herein, the parties hereto agree as
      follows:

     

    
      	
              1.  

            	
              POSITION;
                DUTIES; LOCATION.

            

    

     

    Executive
      agrees to be employed by and to serve the Company as its Chief Executive
      Officer, and the Company agrees to employ Executive in such
      capacities.  Executive shall have the powers and shall perform the
      services and duties that are customarily associated with these
      positions.  Executive agrees to devote substantially all of
      Executive’s time, energy and ability to the business of the
      Company.  Executive may devote such time that Executive deems
      appropriate for managing Executive’s own investment portfolio and may with the
      approval of the Board of Directors of the Company (the
“Board”) be a member of the board of directors of a
      for-profit company, non-profit, civic or charitable organizations so long as
      such service does not materially interfere or conflict with Executive’s duties
      hereunder.  Executive shall perform the duties assigned to Executive
      to the best of Executive’s ability and in the best interests of
      Company.  Executive will report to, be responsible to and obey the
      lawful directives of the Board.  Executive shall be based in
      Emeryville, California, except for required travel on the Company’s
      business.

     

    
      	
              2.  

            	
              COMPENSATION
                AND OTHER BENEFITS.

            

    

     

    In
      consideration of Executive’s employment, and except as otherwise provided
      herein, Executive shall receive from the Company the compensation and benefits
      described in this Section 2.  Executive authorizes the Company to
      deduct and withhold from all compensation paid to Executive any and all sums
      required to be deducted or withheld by the Company pursuant to the provisions
      of
      any federal, state, or local law, regulation, ruling, or ordinance, including,
      but not limited to, income tax withholding and payroll taxes.

     

    2.1  Base
      Salary.  Subject to the terms and conditions set forth
      herein, the Company agrees to pay Executive an annual base salary equal to
      Three
      Hundred Seventy-Five Thousand Dollars ($375,000), less standard payroll
      deductions and withholdings, payable on the Company’s regular payroll schedule
      (as may be adjusted pursuant to this Agreement from time to time, the
“Base Salary”).  The Company agrees that
      Executive’s base salary will be reviewed annually by the Board and, if
      appropriate (as determined by the Board in its sole discretion), will be
      increased therefrom.

     

    2.2  Bonus.  Executive
      shall be eligible to earn a bonus for each calendar year in an amount up to
      forty percent (40%) of Executive’s Base Salary.  Whether Executive
      receives any such bonus, and the amount of any such bonus, shall be determined
      by the Board (or a committee thereof) in its sole discretion, based upon its
      evaluation of Executive’s performance and the performance of the Company during
      the year, and such other factors and conditions as the Board (or a committee
      thereof) deems relevant.  Any such bonus shall be payable within the
      first sixty (60) days of the calendar year immediately following the year for
      which the bonus has been awarded.  Bonuses are not deemed earned and
      payable unless Executive is employed by the Company on the payment
      date.  Accordingly, Executive will not earn any bonus (including a
      prorated bonus) for the year if Executive’s employment terminates for any reason
      before any bonus is paid.

     

    2.3  Equity.  Executive
      shall be eligible for additional equity grants in the future from time to time
      as shall be determined by the Board (or a committee thereof) in its sole
      discretion, and subject to such vesting, exercisability, and other provisions
      as
      the Board (or a committee thereof) may determine in its sole
      discretion.

     

    2.4  Paid
      Time Off.  Executive shall be entitled to accrue four (4)
      weeks of paid vacation during each calendar year, prorated for partial
      years.  Any accrued vacation not taken during the year may be carried
      forward to subsequent years; provided that Executive may not accrue more than
      ten (10) weeks of unused vacation at any time.  Executive will be
      eligible for twenty (20) sick days per calendar year.  Sick days will
      not be carried over to the following year, nor will they be paid out upon
      termination.

     

    2.5  Automobile.  The
      Company will pay for Executive’s leased vehicle in an amount not to exceed Seven
      Hundred Fifty Dollars ($750) per month.

     

    2.6  Other
      Benefits.  Executive shall be eligible to participate in such
      of the Company’s benefit plans as may be made available to executives of the
      Company, including, without limitation, health plans, dental plans, vision
      plans
      and retirement plans (if any), subject to the terms and conditions of such
      plans.  With respect to life insurance, the Company shall pay
      Executive’s premiums for up to $1,000,000 in coverage, with Executive
      responsible for paying the premiums for any coverage over that
      amount.

     

    2.7  Reimbursement
      for Expenses.  The Company shall reimburse Executive for all
      reasonable out-of-pocket business expenses incurred by Executive for the purpose
      of and in connection with the performance of her services pursuant to this
      Agreement.  Executive shall be entitled to such reimbursement upon the
      presentation by Executive to the Company of vouchers or other statements
      itemizing such expenses in reasonable detail consistent with the Company’s
      policies.

     

    
      	
              3.  

            	
              TERMINATION;
                SEVERANCE.

            

    

     

    3.1  Termination.  Either
      the Company or Executive may terminate Executive’s employment at any time, with
      or without Cause or Good Reason, subject to the terms and conditions set forth
      herein.

     

    3.2  Compensation
      and Benefits upon Termination.  Upon the termination of
      Executive’s employment for any reason, the Company shall pay Executive all of
      Executive’s accrued and unused vacation and unpaid Base Salary earned through
      Executive’s last day of employment (the “Separation
      Date”).

     

    3.3  Termination
      for Cause.  The Company shall be entitled to terminate
      Executive’s employment for Cause (as defined herein) immediately upon written
      notice to Executive.  In that event, the Company shall pay Executive
      the compensation set forth in Section 3.2 of this Agreement, and Executive
      shall
      not be entitled to any further compensation from the Company, including
      severance benefits.

     

    3.4  Termination
      Without Cause.  The Company shall be entitled to terminate
      Executive’s employment without Cause (as defined herein) immediately upon
      written notice to Executive.  In that event, and provided such
      termination constitutes a “separation from service” (within the meaning of
      Treasury Regulation Section 1.409A-1(h)), Executive shall be eligible for the
      following severance benefits:

     

    (a)  Severance
      Payments.  The Company shall pay Executive severance in an
      amount equal to (i) One year of Executive’s Base Salary, plus (ii) an amount
      equal to Executive’s target bonus for the year, prorated for the number of
      months during the calendar year that Executive was actually employed by the
      Company.  This amount shall be paid in substantially equal
      installments on the Company’s regular payroll schedule (subject to standard
      deductions and withholdings) over the twelve (12) month period following the
      Separation Date; provided, however, that no payments will be made prior to
      the
      effective date of the release referenced in Section 3.8 below.  On the
      first payroll date following the effective date of the release, the Company
      will
      pay Executive the payments that Executive would have received on or prior to
      such date in a lump sum under the original schedule but for the delay in the
      effectiveness of the release, with the balance of the cash severance being
      paid
      as originally scheduled.  Each such installment will be deemed a
      separate “payment” for purposes of Section 409A of the Internal Revenue
      Code.

     

    (b)  COBRA
      Payments.  If Executive timely elects continued coverage
      under COBRA, then the Company shall pay the COBRA premiums necessary to continue
      Executive’s health insurance coverage in effect for herself and her eligible
      dependents on the Separation Date for a period of twelve (12) months following
      the Separation Date, provided that such COBRA reimbursement shall terminate
      on
      such earlier date as Executive is no longer eligible for COBRA
      coverage.

     

    (c)  Termination
      Without Cause Following a Change in Control.  If the Company
      terminates Executive’s employment without Cause on or within twelve (12) months
      after the effective date of a Change in Control (as defined herein), and
      provided such termination constitutes a “separation from service” (within the
      meaning of Treasury Regulation Section 1.409A-1(h)), then Executive shall
      receive the severance payments set forth in Section 3.4(a) and (b), on the
      schedules set forth in those Sections, provided, however, that the
      target bonus amount described in Section 3.4(a) shall not be prorated, and
      therefore Executive shall receive an amount equal to Executive’s target bonus
      for the year in which Executive’s employment is
      terminated.  Additionally, the Company shall accelerate the vesting of
      any unvested shares subject to any stock options granted to Executive after
      the
      Effective Date such that all shares shall be deemed fully vested and exercisable
      as of Executive’s last day of employment.

     

    3.5  Termination
      upon Death or Disability.  The Agreement shall terminate
      immediately upon Executive’s death or Disability (as defined
      herein).  In that event, the Company shall pay Executive the
      compensation set forth in Section 3.2 of this Agreement, and Executive shall
      not
      be entitled to any further compensation from the Company, including severance
      benefits.

     

    3.6  Resignation
      Without Good Reason.  Executive shall be entitled to resign
      without Good Reason (as defined herein) at any time upon written notice to
      the
      Company thirty (30) days prior to the effective date of such resignation, which
      date shall be specified in Executive’s notice of resignation.  In that
      event, the Company shall pay Executive the compensation set forth in Section
      3.2
      of this Agreement, and Executive shall not be entitled to any further
      compensation from the Company, including severance benefits.

     

    3.7  Resignation
      for Good Reason.  Executive shall be entitled to resign for
      Good Reason (as defined herein) at any time.  In that event, and
      provided such termination constitutes a “separation from service” (within the
      meaning of Treasury Regulation Section 1.409A-1(h)), Executive shall be entitled
      to the compensation set forth in Section 3.2 of this Agreement, as well as
      the
      severance benefits set forth in Sections 3.4(a) and (b) of this
      Agreement.  If such resignation for Good Reason occurs within twelve
      (12) months after the effective date of a Change in Control (as defined herein),
      then Executive shall receive the severance benefits as set forth in Section
      3.4(c).

     

    3.8  Release.  As
      a condition to receipt of any severance benefits under this Agreement, Executive
      shall be required to provide the Company with an effective general release
      of
      any and all known and unknown claims against the Company and its officers,
      directors, Executives, shareholders, parents, subsidiaries, successors, agents,
      attorneys and affiliates, in a form acceptable to the
      Company.  Executive must execute this release, and allow it to become
      effective, within thirty (30) days after Executive’s last day of employment with
      the Company.

     

    3.9  Section
      409A Compliance.  Notwithstanding the foregoing, if the
      Company (or, if applicable, the successor entity thereto) determines that the
      severance payments and benefits provided above upon a separation from service
      constitute “deferred compensation” under Section 409A of the Internal Revenue
      Code (together, with any state law of similar effect, “Section 409A”) and if
      Executive is a “specified employee” of the Company or any successor entity
      thereto as of the separation from service, as such term is defined in Section
      409A(a)(2)(B)(i) (a “Specified Employee”), then,
      solely to the extent necessary to avoid the incurrence of the adverse personal
      tax consequences under Section 409A, the timing of the severance (or any portion
      thereof) shall be delayed as follows: on the earlier to occur of (i) the date
      that is six months and one day after the date of separation of service or
      (ii) the date of Executive’s death (such earlier date, the
“Delayed Initial Payment Date”), the Company (or the
      successor entity thereto, as applicable) shall (A) pay to Executive a lump
      sum
      amount equal to the sum of the severance payments that Executive would otherwise
      have received through the Delayed Initial Payment Date if the commencement
      of
      the payment of the severance had not been delayed pursuant to this paragraph
      and
      (B) commence paying the balance of the severance in accordance with the payment
      schedule set forth above.  It is intended that each installment of the
      severance payments and benefits provided for in this Agreement is a separate
      “payment” for purposes of Section 409A. For the avoidance of doubt, it is
      intended that the severance satisfies, to the greatest extent possible, the
      exemptions from the application of Section 409A provided under Treasury
      Regulation 1.409A-1(b)(4) and 1.409A-1(b)(9).

     

    3.10  Definitions.  For
      purposes of this Agreement, the following definitions shall apply:

     

    (a)  Disability.  The
      term “disability” shall mean a physical or mental
      disability that renders Executive unable to perform one or more of the essential
      functions of her job, as determined by the Board in its sole discretion, for
      a
      period of 180 days during any 365-day period.

     

    (b)  Cause.“Cause”
      shall mean: (i) theft, forgery, fraud, misappropriation, embezzlement, moral
      turpitude or any other act of material misconduct by Executive against the
      Company or any of its affiliates which causes material damage to the Company;
      (ii) willful and knowing violation by Executive of any rules or regulations
      of
      any governmental or regulatory body, which is or could reasonably be expected
      to
      be materially injurious to the Company; (iii) conviction of Executive of, or
      plea of guilty or nolo contendere by Executive to, a felony or any crime of
      theft, forgery, fraud, misappropriation, embezzlement or moral turpitude; (iv)
      continued failure to perform substantially Executive’s duties for the Company;
      provided, however, that Executive must receive reasonable written notification
      of the Company’s intended actions specifically describing the alleged events,
      activities or omissions giving rise thereto, and a reasonable opportunity (of
      not less than fourteen (14) days) to cure such breach (if capable of cure);
      or
      (v) any breach by Executive of this Agreement or other agreements between
      Executive and the Company that causes a material adverse consequence on the
      business, properties, assets, results of operations, or condition (financial
      or
      otherwise) of the Company taken as a whole; provided, however, that Executive
      must receive reasonable written notification of the Company’s intended actions
      specifically describing the alleged events, activities or omissions giving
      rise
      thereto, and thirty (30) days to cure such breach (if capable of
      cure).

     

    (c)  

     

    (d)  Good
      Reason.  “Good Reason” shall mean
      the Company: (i) materially reduces Executive’s responsibilities without
      Executive’s consent; (ii) materially reduces Executive’s Base Salary or
      materially and adversely affects the working conditions of Executive; or (iii)
      materially breaches a material term of this Agreement; provided, however, that
      Executive must provide the Company with written notification of the alleged
      events, activities or omissions providing the basis for Executive’s resignation
      within thirty (30) days following the first knowledge of such events, activities
      or omissions, allow the Company thirty (30) days to cure such events, activities
      or omissions (if curable) and resign no later than thirty (30) days after the
      expiration of the cure period.

     

    (e)  Change
      in Control.  A “Change in Control”
means the consummation, in a single transaction
      or in a series of related
      transactions, of any one or more of the following events:

     

    (i)  a
      sale,
      lease or other disposition of all or substantially all of the assets of the
      Company, other than a sale, lease or other disposition of all or substantially
      all of the assets of the Company to an entity, more than fifty percent (50%)
      of
      the combined voting power of the voting securities of which are owned by
      stockholders of the Company in substantially the same proportions as their
      ownership of the outstanding voting securities of the Company immediately prior
      to such sale, lease or other disposition;

     

    (ii)  a
      merger,
      consolidation or similar transaction involving (directly or indirectly) the
      Company and, immediately after the consummation of such merger, consolidation
      or
      similar transaction, the stockholders of the Company immediately prior thereto
      do not own, directly or indirectly, either (A) outstanding voting securities
      representing more than fifty percent (50%) of the combined outstanding voting
      power of the surviving entity in such merger, consolidation or similar
      transaction or (B) more than fifty percent (50%) of the combined outstanding
      voting power of the parent of the surviving entity in such merger, consolidation
      or similar transaction, in each case in substantially the same proportions
      as
      their ownership of the outstanding voting securities of the Company immediately
      prior to such transaction; or

     

    (iii)  any
      “Exchange Act Person” becomes the owner, directly or
      indirectly, of securities of the Company representing more than fifty percent
      (50%) of the combined voting power of the Company’s then outstanding securities
      other than by virtue of a merger, consolidation or similar
      transaction.  An “Exchange Act Person” means any natural person,
      entity or “group” (within the meaning of Section 13(d) or 14(d) of the
      Securities Exchange Act of 1934, as amended), except that “Exchange Act Person”
shall not include (1) the Company or any subsidiary of the Company, (2) any
      employee benefit plan of the Company or any subsidiary of the Company or any
      trustee or other fiduciary holding securities under an employee benefit plan
      of
      the Company or any subsidiary of the Company, (3) an underwriter temporarily
      holding securities pursuant to an offering of such securities, (4) an entity
      owned, directly or indirectly, by the stockholders of the Company in
      substantially the same proportions as their ownership of stock of the Company;
      or (5) any natural person, entity or “group” (within the meaning of Section
      13(d) or 14(d) of the Securities Exchange Act of 1934, as amended) that, as
      of
      the effective date of this Plan, is the owner, directly or indirectly, of
      securities of the Company representing more than fifty percent (50%) of the
      combined voting power of the Company’s then outstanding securities.

     

    
      	
              4.  

            	
              PROPRIETARY
                INFORMATION AND INVENTIONS
                AGREEMENT.

            

    

     

    Executive
      shall be required to continue compliance with her obligations under the
      proprietary information and inventions agreement that Executive previously
      executed with the Company.

     

    
      	
              5.  

            	
              COMPANY
                POLICIES.

            

    

     

    Executive
      shall be required to continue compliance with the Company’s policies and
      procedures established by the Company from time to time.

     

    
      	
              6.  

            	
              ASSIGNABILITY.

            

    

     

    This
      Agreement is binding upon and inures to the benefit of the parties and their
      respective heirs, executors, administrators, personal representatives,
      successors and assigns.  The Company may assign its rights or delegate
      its duties under this Agreement at any time and from time to
      time.  However, the parties acknowledge that the availability of
      Executive to perform services and the covenants provided by Executive hereunder
      are personal to Executive and have been a material consideration for the Company
      to enter into this Agreement.  Accordingly, Executive may not assign
      any of Executive’s rights or delegate any of Executive’s duties under this
      Agreement, either voluntarily or by operation of law, without the prior written
      consent of the Company, which may be given or withheld by the Company in its
      sole and absolute discretion.

     

    
      	
              7.  

            	
              NOTICES.

            

    

     

    All
      notices and other communications under this Agreement shall be in writing and
      shall be given by facsimile, first class mail (certified or registered with
      return receipt requested), or Federal Express overnight delivery, and shall
      be
      deemed to have been duly given three days after mailing or twenty-four (24)
      hours after transmission of a facsimile or Federal Express overnight delivery
      (if the receipt of the facsimile or Federal Express overnight delivery is
      confirmed).

     

    
      	
              8.  

            	
              ARBITRATION.

            

    

     

    To
      ensure
      the timely and economical resolution of disputes that may arise in connection
      with Executive’s employment with the Company, Executive and the Company agree
      that any and all disputes, claims, or causes of action arising from or relating
      to the enforcement, breach, performance, negotiation, execution, or
      interpretation of this Agreement, Executive’s employment, or the termination of
      Executive’s employment, shall be resolved to the fullest extent permitted by law
      by final, binding and confidential arbitration, by a single arbitrator, in
      San
      Francisco, California, conducted by JAMS under the then applicable JAMS
      rules.  By agreeing to this arbitration procedure, both Executive and
      the Company waive the right to resolve any such dispute through a trial by
      jury
      or judge or administrative proceeding.  The arbitrator shall: (a) have
      the authority to compel adequate discovery for the resolution of the dispute
      and
      to award such relief as would otherwise be permitted by law; and (b) issue
      a
      written arbitration decision, to include the arbitrator’s essential findings and
      conclusions and a statement of the award.  The arbitrator shall be
      authorized to award any or all remedies that Executive or the Company would
      be
      entitled to seek in a court of law.  The Company shall pay all JAMS’
arbitration fees in excess of the amount of court fees that would be required
      if
      the dispute were decided in a court of law.  Nothing in this Agreement
      is intended to prevent either Executive or the Company from obtaining injunctive
      relief in court to prevent irreparable harm pending the conclusion of any such
      arbitration.

     

    
      	
              9.  

            	
              MISCELLANEOUS.

            

    

     

    9.1  Entire
      Agreement.  This Agreement contains the full, complete, and
      exclusive embodiment of the entire agreement of the parties with regard to
      the
      subject matter hereof and supersedes all prior communications, representations,
      or agreements, oral or written, and all negotiations, conversations or
      discussions between or among the parties relating to this
      Agreement.  Executive has not entered into this Agreement in reliance
      on any representations, written or oral, other than those contained
      herein.  Any ambiguity in this document shall not be construed against
      either party as the drafter.

     

    9.2  Amendment.  This
      Agreement may not be amended except by an instrument in writing duly executed
      by
      the parties hereto.

     

    9.3  Applicable
      Law; Choice of Forum.  This Agreement has been made and
      executed under, and will be construed and interpreted in accordance with, the
      laws of the State of California.

     

    9.4  Provisions
      Severable.  Every provision of this Agreement is intended to
      be severable from every other provision of this Agreement.  If any
      provision of this Agreement is held to be invalid, illegal or unenforceable,
      in
      whole or in part, such invalidity, illegality or unenforceability shall not
      affect the other provisions of this Agreement; and this Agreement shall be
      construed as if such invalid, illegal or unenforceable provision had never
      been
      contained herein except to the extent that such provision may be construed
      and
      modified so as to render it valid, lawful, and enforceable in a manner
      consistent with the intent of the parties to the extent compatible with the
      applicable law as it shall then appear.

     

    9.5  Non-Waiver
      of Rights and Breaches.  Any waiver by a party of any breach
      of any provision of this Agreement will not be deemed to be a waiver of any
      subsequent breach of that provision, or of any breach of any other provision
      of
      this Agreement.  No failure or delay in exercising any right, power,
      or privilege granted to a party under any provision of this Agreement will
      be
      deemed a waiver of that or any other right, power or privilege.  No
      single or partial exercise of any right, power or privilege granted to a party
      under any provision of this Agreement will preclude any other or further
      exercise of that or any other right, power or privilege.

     

    9.6  Headings.  The
      headings of the Sections and Paragraphs of this Agreement are inserted for
      ease
      of reference only, and will have no effect in the construction or interpretation
      of this Agreement.

     

    9.7  Counterparts.  This
      Agreement and any amendment or supplement to this Agreement may be executed
      in
      two or more counterparts, each of which will constitute an original but all
      of
      which will together constitute a single instrument.  Transmission by
      facsimile of an executed counterpart signature page hereof by a party hereto
      shall constitute due execution and delivery of this Agreement by such
      party.

     

    9.8  Indemnification.  In
      addition to any rights to indemnification to which Executive is entitled under
      the Company’s Charter and By-Laws, the Company shall indemnify Executive at all
      times during and after Executive’s employment to the maximum extent permitted
      under applicable state law.

     

    In
      Witness Whereof, the parties hereto have caused this Agreement, as
      amended and restated herein, to be duly executed on the dates below, effective
      as of the Effective Date.

     

    Bionovo,
      Inc.                                                                           Isaac
      Cohen

     

    By:       /s/
      Tom Chesterman,
      MBA                                     By:/s/
      Isaac Cohen

     

    Name:  Tom
      Chesterman, MBA

    Title:   
      Senior Vice President

    
      Chief
        Financial Officer,

      Secretary

    

     

    Date:                      
      12.31.08

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