Document:

EX-10.1

EXHIBIT 10.1

RELEASE AGREEMENT

This Release Agreement (the “Agreement”), made and entered into this 4th day of May, 2007 by
and between Cyberonics, Inc., a Delaware corporation, having its principle place of business at 100
Cyberonics Blvd., Houston TX 77058 (the “Company”) and John Riccardi, an individual residing in
League City, Texas (the “Individual”).

WHEREAS, Individual was previously employed by Company; and

WHEREAS, such employment was terminated as of May 11, 2007; and

WHEREAS, Company is willing to provide Individual with certain consideration to which
Individual is not otherwise entitled in exchange for a release from Individual;

NOW, THEREFORE, in consideration of a payment to Individual of an amount determined by Company
to be equal to that which would have been earned by Individual under the Fourth Quarter 2007 Bonus
Program had Individual been employed as of the date that Program payments are made, less applicable
deductions, as well as forgiveness of any obligation for Individual to repay monies paid by Company
to or on behalf of Individual under the previously signed Relocation Agreement (the “Relocation
Agreement”), the parties agree as follows:

1. Termination of Employment. Individual and Company acknowledge that Individual’s
employment by Company was terminated as of May 11, 2007.

2. Release. Individual, individually and on behalf of Individual’s heirs, executors,
administrators, successors and assigns, hereby fully and finally RELEASES, ACQUITS and FOREVER
DISCHARGES the Company and its officers, directors, shareholders, subsidiaries and other
affiliates, predecessors and successors in interest, agents and representatives, employees and
insurers from all claims, demands, liability and causes of action of whatsoever nature, whether in
contract or tort, whether pursuant to statute or common law including, but not limited to, the
Title VII Discrimination in Employment Act and the Americans With Disabilities Act, all as amended,
and any other applicable federal or state statutes arising out of or pertaining to Individual’s
employment with the Company and any of its predecessors or affiliates.

Company hereby fully and finally RELEASES, ACQUITS and FOREVER DISCHARGES Individual from all
claims, demands, liability and causes of action of whatsoever nature, whether in contract or tort,
arising out of or pertaining to the repayment of monies paid by Company to or on behalf of
Individual under the Relocation Agreement.

3. Covenants Not to Sue. Individual agrees and covenants not to sue or prosecute any
claim that might now or ever be asserted arising out of or pertaining to Individual’s employment
with the Company and any of its predecessors or affiliates.

4. Indemnification. Individual, individually and on behalf of Individual’s heirs,
executors, administrators, successors and assigns, hereby INDEMNIFIES and HOLDS HARMLESS the
Company, and its officers, directors, agents, employees, representatives and insurers to save and
indemnify it/them (1) for and from Individual’s breach of this Agreement’s Release, Covenant Not to
Sue or Confidential Information provisions (2) for and from any further claims, liability, costs or
expenses arising out of or pertaining to Individual’s employment.

5. Confidential Information. Individual reaffirms the obligations under that certain
Confidentiality Agreement executed at or immediately prior to the beginning of his/her employment
with the Company and acknowledges that those obligations survive the termination of such
employment. The parties agree to keep completely confidential the existence of the Agreement, as
well as all of the terms or amounts set forth in the Agreement, and neither party will hereafter
disclose any terms or information concerning the Agreement to any other person, other than
accountants, tax advisors, or attorneys, except as may be required by law. The parties further
agree that in the event the party makes a disclosure as permitted by the Agreement to an
accountant, tax advisor, or attorney, such party will advise such persons of the existence of this
confidentiality clause and of their obligation to abide by it. Further, Individual agrees to
refrain from making disparaging comments of any kind regarding the Company or its employees to any
third party including, but not limited to, any employee, representative, customer or business
affiliate of the Company (“Third Party”) and will refrain from contacting any Third Party to the
extent that said contact is or could be disruptive to the Company.

6. Conditions. Payment of the consideration outlined above shall at all times be
conditioned upon: (a) Individual returning to the Company the Company-owned property identified on
the Inventory List attached hereto as Attachment A; and (b) Individual executing and returning this
Agreement to the Company.

7. Compliance Questionnaire. Individual acknowledges receipt of Company’s Exit
Questionnaire and will undertake to promptly complete and return the questionnaire to the Company.

8. Miscellaneous. Individual understands that Individual has the right to, and has
been advised to, consult with an attorney prior to signing. Individual further understands that
Individual has a reasonable period of time to consider this Agreement prior to signing it;
provided, however, that this Agreement will be deemed to be rejected if Individual does not return
the executed Agreement within fourteen (14) days of its receipt. This Agreement shall not become
effective or enforceable until it has been executed by both parties.

9. Complete Agreement. The parties agrees that this Agreement contains the full and
final expression of their agreement with respect to the matters contained herein and acknowledges
that no other promises have been made that are not set forth in this Agreement.

[SIGNATURES APPEAR ON FOLLOWING PAGE]

IN WITNESS WHEREOF, the undersigned have executed this Release Agreement voluntarily and of
their own free will as of the date first written above.

     /s/ John Riccardi     

John Riccardi

Date:      May 4, 2007_     

_/s/ George E. Parker, III_     

Cyberonics, Inc.

By: George E. Parker, III

Title: Interim COO

Date:      May 4, 2007     

1

ATTACHMENT A

See Attached Inventory List.

2EX-10.1

EXECUTIVE EMPLOYMENT AGREEMENT

This Executive Employment Agreement (“Agreement”) is made effective as of May 10, 2007
(“Effective Date”), by and between La Jolla Pharmaceutical Company (“Company”) and Niv Caviar
(“Executive”).

The parties agree as follows:

1. Employment. Company hereby employs Executive, and Executive hereby accepts such
employment, upon the terms and conditions set forth herein.

2. Duties.

2.1 Position. Executive is employed as Chief Financial Officer, Chief Business
Officer and Executive Vice-President and shall have the duties and responsibilities assigned by
Company’s Chief Executive Officer (“CEO”) both upon initial hire and as may be reasonably assigned
from time to time. Executive’s initial duties shall include management of Finance/Accounting,
IR/PR, IT, Commercial and Corporate Business Development functions. Executive shall perform
faithfully and diligently all duties assigned to Executive. Company reserves the right to modify
Executive’s position and duties in its discretion to meet business needs, subject to subsection 7.3
below.

2.2 Best Efforts/Full-time. Executive will expend Executive’s best efforts on behalf
of Company, and will abide by all policies and decisions made by Company, as well as all applicable
federal, state and local laws, regulations or ordinances. Executive will act in the best interest
of Company at all times. Executive shall devote Executive’s full business time and efforts to the
performance of Executive’s assigned duties for Company.

2.3 Work Location. Executive’s principal place of work shall be located in San Diego,
California, or such other location as the parties may agree upon from time to time.

3. At-Will Employment Relationship. Executive’s employment with Company is not for
any specified period and may be terminated at any time, with or without cause or advance notice, by
either Executive or Company. No representative of Company, other than the CEO, has the authority
to alter the at-will employment relationship. Any change to the at-will employment relationship
must be by specific, written agreement signed by Executive and Company’s CEO. Nothing in this
Agreement is intended to or should be construed to contradict, modify or alter this at-will
relationship.

4. Compensation.

4.1 Base Salary. As compensation for Executive’s performance of Executive’s duties
hereunder, Company shall pay to Executive an initial Base Salary of $275,000 per year, payable in
accordance with the normal payroll practices of Company, less required deductions for state and
federal withholding tax, social security and all other employment taxes and payroll deductions. In
the event Executive’s employment under this Agreement is terminated by either party, for any
reason, Executive will earn the Base Salary prorated to the date of termination.

4.2 Sign-On Bonus. Executive will be eligible to earn a Sign-On bonus of $50,000 in
two installments as follows: $25,000 will be earned and paid on Company’s first regularly
scheduled payday in January 2008, provided Executive remains employed with Company through
and including the payment date; and $25,000 will be earned and paid on the first payday following
Executive’s relocation of his primary residence to San Diego, California, provided such
relocation occurs within fifteen (15) months of the Effective Date and Executive remains employed
with Company through the payment date (“the Sign-On Bonus”). The Sign-On Bonus is subject to
required deductions for state and federal withholding tax, social security and all other employment
taxes and payroll deductions. The Sign-On Bonus installments will not be prorated for partial
service.

4.3 Annual Bonus. Executive will be eligible to earn an annual bonus based on
achievement of specified performance goals and objectives in accordance with Company’s bonus plan.
Executive’s target bonus for calendar year 2007 will be 35% of the Base Salary prorated for
Executive partial year of service based on the Effective Date.

4.4 Stock Options. Subject to the Board of Directors’ approval, Executive will be
granted an option to purchase 180,000 shares of Company’s Common Stock under Company’s 2004 Equity
Incentive Plan (the “Plan”) at an exercise price equal to the fair market value of that stock on
the date of the grant (the “Initial Option”). The Initial Option will be subject to the terms and
conditions of the Plan and the standard stock option agreement provided pursuant to the Plan, which
Executive will be required to sign as a condition of receiving the Initial Option. In addition,
Executive will be eligible for subsequent annual grants of stock options that may be awarded by the
Compensation Committee of Company’s Board of Directors in its sole and absolute discretion (the
“Subsequent Options”). Any Subsequent Options will be granted at an exercise price equal to the
fair market value of that stock on the date of the grant and will be subject to the terms and
conditions of the Plan and the standard stock option agreement provided pursuant to the Plan for
the Subsequent Options.

4.5 Relocation Assistance. Company agrees to provide Executive with relocation and
temporary housing assistance as follows:

(a) Shipping and Storage Expenses. Company will pay directly for shipment and storage
of Executive’s household goods to a new residence in the San Diego area up to a maximum of $5000,
provided Executive relocates to San Diego within fifteen (15) months of the Effective Date
and provided further Executive remains employed with Company through the payment date; and,

(b) Relocation Bonus. Company will pay Executive a one-time bonus of $35,000, less
required deductions for state and federal withholding tax, social security and all other employment
taxes and payroll deductions, to help defray the costs associated with relocation from Executive’s
existing residence in Laguna Niguel, California to San Diego, California, and the costs associated
with temporary housing in San Diego prior to relocation and the taxes associated with this payment
(the “Relocation Bonus”). The Relocation Bonus will be paid in a lump sum on the second payday of
the first month of Executive’s employment with Company. The Relocation Bonus may be used for any
excess costs associated with the shipment and storage of Executive’s household goods, closing
costs, loan fees and/or realtor fees associated with the sale of Executive’s current residence and
purchase of a new home in San Diego, temporary lodging and meals, payment of all applicable taxes,
or any other purpose, as determined by Executive. For the avoidance of doubt, Executive
understands and agrees that the Relocation Bonus is intended to be a fully taxable payment and that
Executive will under no circumstances be entitled to a tax reimbursement payment, a tax gross-up
payment, or any additional payment from Company in respect of the Relocation Bonus and its
taxability. Executive further understands and agrees that Executive has sole and exclusive
responsibility for determining if and the extent to which the Relocation Bonus is deductible to
Executive for individual tax purposes, and Executive should consult with his own personal tax or
financial advisor in connection with such individual tax issues. In the event Executive
voluntarily resigns employment with Company within fifteen (15) months of the Effective Date,
Executive agrees to repay Company a prorated portion of the Relocation Bonus (based on Executive’s
full months of completed service) within 30 days following demand by Company for repayment.

4.6 Performance and Salary Review. Executive’s performance will be reviewed on no
less than an annual basis. Adjustments to salary or other compensation, if any, will be made by
Company in its sole and absolute discretion. No reduction in Base Salary will be made without
Executive’s consent, unless such reduction is made a part of, and is generally consistent with, a
general reduction of all senior executive salaries and does not exceed 15%.

5. Customary Fringe Benefits. Executive will be eligible for all customary and usual
fringe benefits generally available to executives of Company subject to the terms and conditions of
Company’s benefit plan documents. Company reserves the right to change or eliminate the fringe
benefits on a prospective basis, at any time, effective upon notice to Executive.

6. Business Expenses. Executive will be reimbursed for all reasonable, out-of-pocket
business expenses incurred in the performance of Executive’s duties on behalf of Company. To
obtain reimbursement, expenses must be submitted promptly with appropriate supporting documentation
in accordance with Company’s policies.

7. Termination of Executive’s Employment.

7.1 Termination for Cause by Company. Although Company anticipates a mutually
rewarding employment relationship with Executive, Company may terminate Executive’s employment
immediately at any time for Cause. For purposes of this Agreement, “Cause” is defined as: the
occurrence of one or more of the following: (a) Executive is convicted of or pleads guilty or nolo
contendere to a felony or any crime involving moral turpitude, embezzlement, fraud or
misappropriation; (b) Executive breaches this Agreement or any agreement entered into with or
policy of Company in a manner that materially and adversely affects Company; (c) Executive commits
willful misconduct that materially and adversely impacts Company; or (d) Executive fails, after
receipt of written notice and after receiving a period of at least 10 days following such notice,
to follow a lawful direction of the Board of Directors. In the event Executive’s employment is
terminated in accordance with this subsection 7.1, Executive shall be entitled to receive only the
Base Salary then in effect, prorated to the date of termination, and any amounts earned but not yet
paid or otherwise due pursuant to sections 4, 5 and 6 above (collectively “Standard Entitlements”).
All other Company obligations to Executive pursuant to this Agreement will become automatically
terminated and completely extinguished. Executive will not be entitled to receive the Severance
Package described in subsections 7.2(a), 7.3 or 7.5(a).

7.2 Termination Without Cause by Company/Severance. Company may terminate Executive’s
employment under this Agreement without Cause at any time on thirty (30) days’ advance written
notice to Executive. In the event of such termination, and only if such termination occurs other
than within twelve months after a Change in Control (as that term is defined below), Executive will
receive the Standard Entitlements and a “Severance Package” described in subsection 7.2(a) below,
provided Executive complies with all the severance conditions set forth in subsection 7.2(b) below.
All other Company obligations to Executive will be automatically terminated and completely
extinguished.

(a) Severance Package. If Executive is terminated without Cause, Executive will
receive a severance payment equivalent to nine months of Executive’s Base Salary then in effect,
payable in installments in accordance with Company’s normal payroll schedule. In addition, Company
will pay the monthly premiums for group health care continuation coverage for Executive and
Executive’s eligible dependents pursuant to the Consolidated Omnibus Budget Reconciliation Act of
1986 (“COBRA”) for nine months following termination, provided Executive elects to continue
and remains eligible for such benefits and does not become eligible for health coverage through
another employer during this period. Furthermore, any outstanding options to purchase common stock
of Company held by Executive as of the date of Executive’s termination under this Section 7.2 shall
immediately vest and become exercisable, notwithstanding any contrary terms and provisions of the
applicable stock option plan and related stock option agreements.

(b) Conditions to Receive Severance Package. The Severance Package pursuant to
subsection 7.2(a) will be paid, provided Executive meets both of the following conditions:
(i) Executive complies with all surviving provisions of this Agreement as specified in
subsection 13.8 below; and (ii) Executive executes a full general release in a form suitable to
Company, releasing all claims, known or unknown, that Executive may have against Company arising
out of or any way related to Executive’s employment or termination of employment with Company.

7.3 Voluntary Resignation by Executive With Good Reason/Severance. Executive may
voluntarily resign Executive’s position with Company at any time for Good Reason (as defined
below), provided Executive gives Company at least thirty (30) days’ advance written notice
of the circumstances giving revise to the resignation with Good Reason and allows Company at least
thirty (30) days for Company to cure, if desired by Company. In the event of Executive’s
resignation for Good Reason, Executive will receive the Standard Entitlements and the Severance
Package described in subsection 7.2(a) above, provided Executive complies will all the
severance conditions set forth in subsection 7.2(b) above. All other Company obligations to
Executive will be automatically terminated and completely extinguished. Executive will be deemed
to have resigned for Good Reason in any of the following circumstances, unless agreed to by
Executive: (a) Company’s material breach of this Agreement; (b) Executive’s position and job
duties are modified such that his duties are no longer consistent with the position of Chief
Business Officer/Chief Financial Officer or Chief Business Officer/Senior Commercial
Executive or Senior Commercial Executive; (c) Executive’s position is modified such that
his duties are no longer consistent with an Executive-Vice-President level; or (d) Executive no
longer reports to the CEO.

7.4 Voluntary Resignation by Executive. Executive may voluntarily resign Executive’s
position with Company at any time for any reason on thirty (30) days’ advance written notice to
Company. In the event of Executive’s resignation, Executive will be entitled to receive only the
Standard Entitlements for the thirty-day notice period and no other amount. All other Company
obligations to Executive pursuant to this Agreement will become automatically terminated and
completely extinguished. Executive will not be entitled to receive the Severance Package described
in subsections 7.2(a) or 7.5(a).

7.5 Termination Upon a Change in Control/Severance.

(a) Severance Package. If Executive’s employment is terminated by Company within
twelve months after a Change in Control (as that term is defined below), other than for Cause (as
defined in subsection 7.1 above), Executive shall be entitled to receive the Standard Entitlements
and the Severance Package described in subsection 7.2(a) above, provided Executive complies
with all the conditions described in subsection 7.2 (b) above.

(b) 280G. If, due to the benefits provided under subsection 7.5(a) above or otherwise
by Company, Executive is subject to any excise tax due to characterization of any amounts payable
under subsection 7.5(a) as excess parachute payments pursuant to Section 4999 of the Internal
Revenue Code of 1986, as amended (the “Code”), the amounts payable under subsection 7.5(a) or
otherwise by Company will be reduced by Company (to the least extent possible) in order to avoid
any “excess parachute payment” under section 280G(b)(1) of the Code.

(c) Change in Control Definition. A Change of Control is defined as any one of the
following occurrences:

(i) Any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange
Act of 1934 (the “Exchange Act”)), other than a trustee or other fiduciary holding securities of
Company under an employee benefit plan of Company, becomes the “beneficial owner” (as defined in
Rule 13d 3 promulgated under the Exchange Act), directly or indirectly, of the securities of
Company representing more than 50% of (A) the outstanding shares of common stock of Company or
(B) the combined voting power of the Company’s then-outstanding securities; or

(ii) the sale or disposition of all or substantially all of Company’s assets (or any
transaction having similar effect is consummated); or

(iii) Company is party to a merger or consolidation that results in the holders of voting
securities of Company outstanding immediately prior thereto failing to continue to represent
(either by remaining outstanding or by being converted into voting securities of the surviving
entity) more than 50% of the combined voting power of the voting securities of Company or such
surviving entity outstanding immediately after such merger or consolidation; or

(iv) the dissolution or liquidation of Company.

7.6 Section 409A Compliance. The parties intend for this Agreement either to satisfy
the requirements of Section 409A of the Internal Revenue Code (the “Code”) and all applicable
guidance promulgated thereunder (together, “Section 409A”) or to be exempt from the application of
Section 409A, and this Agreement shall be construed and interpreted accordingly.

(a) Notwithstanding any provision in this Agreement to the contrary, any termination of
employment contemplated under this Agreement shall satisfy the applicable requirements of a
“separation from service” under Section 409A.

(b) Notwithstanding any provision in this Agreement to the contrary, in the event that
Executive is a “specified employee” (as defined in Section 409A), any severance payment, severance
benefits or other amounts payable under this Agreement that would be subject to the special rule
regarding payments to “specified employees” under Section 409A(a)(2)(B) of the Code (together,
“Specified Employee Payments”) shall not be paid before the expiration of a period of six months
following the date of Executive’s termination of employment (or before the date of Executive’s
death, if earlier). The Specified Employee Payments to which Executive would otherwise have been
entitled during the six-month period following the date of Executive’s termination of employment
shall be accumulated and paid as soon as administratively practicable following the first day of
the seventh month following the date of Executive’s termination of employment.

(c) To ensure satisfaction of the requirements of Section 409A(b)(3) of the Code, assets shall
not be set aside, reserved in a trust or other arrangement, or otherwise restricted for purposes of
the payment of amounts payable under this Agreement.

(d) Company hereby informs Executive that the federal, state, local, and/or foreign tax
consequences (including without limitation those tax consequences implicated by Section 409A) of
this Agreement are complex and subject to change. Executive acknowledges and understands that
Executive should consult with his or her own personal tax or financial advisor in connection with
this Agreement and its tax consequences. Executive understands and agrees that Company has no
obligation and no responsibility to provide Executive with any tax or other legal advice in
connection with this Agreement and its tax consequences. Executive agrees that Executive shall
bear sole and exclusive responsibility for any and all adverse personal federal, state, local,
and/or foreign tax consequences (including without limitation any and all tax liability under
Section 409A) of this Agreement.

8. No Conflict of Interest. During the term of Executive’s employment with Company,
Executive must not engage in any work, paid or unpaid, that creates an actual conflict of interest
with Company. Such work shall include, but is not limited to, directly or indirectly competing
with Company in any way, or acting as an officer, director, employee, consultant, stockholder,
volunteer, lender, or agent of any business enterprise of the same nature as, or which is in direct
competition with, the business in which Company is now engaged or in which Company becomes engaged
during the term of Executive’s employment with Company, as may be determined by Company in its sole
discretion.

9. Confidentiality and Proprietary Rights. Executive agrees to read, sign and abide
by Company’s Non-Disclosure and Invention Agreement, which is provided with this Agreement and
incorporated herein by reference.

10. Nonsolicitation. Executive agrees that during the term of this Agreement and for
a period of one (1) year after the termination of this Agreement, Executive will not, either
directly or indirectly, separately or in association with others, interfere with, impair, disrupt
or damage Company’s business by soliciting, encouraging or recruiting any of Company’s employees or
causing others to solicit or encourage any of Company’s employees to discontinue their employment
with Company

11. Injunctive Relief. Executive acknowledges that Executive’s breach of the
covenants contained in sections 8-10 (collectively “Covenants”) would cause irreparable injury to
Company and agrees that in the event of any such breach, Company shall be entitled to seek
temporary, preliminary and permanent injunctive relief without the necessity of proving actual
damages or posting any bond or other security.

12. Agreement to Arbitrate. In the event of any dispute or claim relating to or
arising out of the employment relationship between Company and Executive or the termination of that
relationship (including, but not limited to, any claims of wrongful termination or age, sex, race,
disability or other discrimination), Executive and Company agree that all such disputes shall be
fully and finally resolved by binding arbitration conducted before a single neutral arbitrator in
San Diego, California pursuant to the rules for arbitration of employment disputes by the American
Arbitration Association (available at www.adr.org) and the rules set forth in the California
Arbitration Act, Code of Civil Procedure section 1280, et seq. (available on-line at
www.leginfo.ca.gov/calaw.html). The arbitrator shall permit adequate discovery, including
discovery pursuant to section 1283.05 of the California Code of Civil Procedure. In addition, the
arbitrator is empowered to award all remedies otherwise available in a court of competent
jurisdiction; however Executive and Company each retain the right under section 1281.8 of the
California Code of Civil Procedure to seek provisional remedies. Any judgment rendered by the
arbitrator may be entered by any court of competent jurisdiction. The arbitrator shall issue an
award in writing and state the essential findings and conclusions on which the award is based. By
executing this Agreement, Executive and Company are both waiving the right to a jury trial with
respect to any such disputes. Company shall bear the costs of the arbitrator, forum and filing
fees. Each party shall bear its own respective attorneys’ fees and all other costs, unless
otherwise provided by law and awarded by the arbitrator. This arbitration agreement does not
include claims that, by law, may not be subject to mandatory arbitration.

13. General Provisions.

13.1 Successors and Assigns. The rights and obligations of Company under this
Agreement shall inure to the benefit of and shall be binding upon the successors and assigns of
Company. Executive shall not be entitled to assign any of Executive’s rights or obligations under
this Agreement.

13.2 Waiver. Either party’s failure to enforce any provision of this Agreement shall
not in any way be construed as a waiver of any such provision, or prevent that party thereafter
from enforcing each and every other provision of this Agreement.

13.3 Attorneys’ Fees. Each side will bear its own attorneys’ fees in any dispute
unless a statutory section at issue, if any, authorizes the award of attorneys’ fees to the
prevailing party.

13.4 Severability. In the event any provision of this Agreement is found to be
unenforceable by an arbitrator or court of competent jurisdiction, such provision shall be deemed
modified to the extent necessary to allow enforceability of the provision as so limited, it being
intended that the parties shall receive the benefit contemplated herein to the fullest extent
permitted by law. If a deemed modification is not satisfactory in the judgment of such arbitrator
or court, the unenforceable provision shall be deemed deleted, and the validity and enforceability
of the remaining provisions shall not be affected thereby.

13.5 Interpretation; Construction. The headings set forth in this Agreement are for
convenience only and shall not be used in interpreting this Agreement. This Agreement has been
drafted by legal counsel representing Company, but Executive has participated in the negotiation of
its terms. Furthermore, Executive acknowledges that Executive has had an opportunity to review and
revise the Agreement and have it reviewed by legal counsel, if desired, and, therefore, the normal
rule of construction to the effect that any ambiguities are to be resolved against the drafting
party shall not be employed in the interpretation of this Agreement.

13.6 Governing Law. This Agreement will be governed by and construed in accordance
with the laws of the United States and the State of California. Each party consents to the
jurisdiction and venue of the state or federal courts in San Diego, California, if applicable, in
any action, suit, or proceeding arising out of or relating to this Agreement.

13.7 Notices. Any notice required or permitted by this Agreement shall be in writing
and shall be delivered as follows with notice deemed given as indicated: (a) by personal delivery
when delivered personally; (b) by overnight courier upon written verification of receipt; (c) by
telecopy or facsimile transmission upon acknowledgment of receipt of electronic transmission; or
(d) by certified or registered mail, return receipt requested, upon verification of receipt.
Notice shall be sent to the addresses set forth below, or such other address as either party may
specify in writing.

13.8 Survival. Sections 8 (“No Conflict of Interest”), 9 (“Confidentiality and
Proprietary Rights”), 10 (“Nonsolicitation”), 11 (“Injunctive Relief”), 12 (“Agreement to
Arbitrate”), 13 (“General Provisions”) and 14 (“Entire Agreement”) of this Agreement shall survive
Executive’s employment by Company.

14. Entire Agreement. This Agreement, including the Company’s Non-Disclosure and
Inventions Agreement incorporated herein by reference and Company’s 2004 Equity Incentive Plan and
related option documents described in subsection 4.4 of this Agreement, constitutes the entire
agreement between the parties relating to this subject matter and supersedes all prior or
simultaneous representations, discussions, negotiations, and agreements, whether written or oral.
This agreement may be amended or modified only with the written consent of Executive and the Board
of Directors of Company. No oral waiver, amendment or modification will be effective under any
circumstances whatsoever.

THE PARTIES TO THIS AGREEMENT HAVE READ THE FOREGOING AGREEMENT AND FULLY UNDERSTAND EACH AND EVERY
PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS AGREEMENT ON THE DATES SHOWN
BELOW.

Dated: May 10, 2007

NIV CAVIAR

 /s/ Niv Caviar

Address:     

Dated: May 10, 2007

LA JOLLA PHARMACEUTICAL COMPANY

By: /s/ Deirdre Y. Gillespie

Deirdre Y. Gillespie

Chief Executive Officer

6455 Nancy Ridge Road

San Diego, CA 92121

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]