Document:

Third Amendment to Executive Employment Agreement

 Exhibit 10.1 
 THIRD AMENDMENT TO 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 THIS THIRD AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT (the “Amendment”) is made and entered into effective as of January 2, 2007 by and
between Digirad Corporation, a Delaware Corporation (the “Company”) and Mark Casner (“EXECUTIVE”). The Company and EXECUTIVE are hereinafter collectively referred to as the “Parties,” and individually referred to each
or any as a “Party.” 
 RECITALS 
 A. WHEREAS, in order to attract EXECUTIVE to leave his employment, sell his home in Minnesota and move to California to enter into employment with the Company, EXECUTIVE’S Employment Agreement dated
September 14, 2005, as amended (the “Agreement”) provided in Section 3.4.3 that the Company would pay EXECUTIVE certain relocation and moving expenses, including standard realtor’s fees incurred in selling his Minnesota home
in an amount “grossed up” to avoid tax expenses to EXECUTIVE; and 
 B. WHEREAS, EXECUTIVE has moved to and purchased a new home in
California but, unexpectedly, has been unable to sell his Minnesota home since September 2005, thus incurring costs associated with maintaining two homes; and 
 C. WHEREAS, the Company has paid EXECUTIVE all moving expenses otherwise due under the Agreement except for the realtor’s fees to be incurred in selling his Minnesota home; and 
 D. WHEREAS, because the Company desires to retain EXECUTIVE’s services and alleviate his unanticipated burden of having incurred the costs
associated with maintaining two homes, the COMPANY wishes to pay, and EXECUTIVE wishes to receive, all of EXECUTIVE’s anticipated moving expenses at this time. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the promises and the mutual covenants herein
contained, and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the Parties, intending to be legally bound, agree as follows: 
 1. Final Moving Expense Payment. On or about January 2, 2007, the Company shall pay EXECUTIVE the amount of $151,084 (the “Final Moving Expense Payment”), consisting of (a) $90,650, the
estimated amount of realtor’s fees EXECUTIVE will incur in selling his home in Minnesota, and (b) $64,434, the approximate amount required to “gross up” these fees to allow EXECUTIVE to avoid tax expenses on the payment. The
Parties agree that the Final Moving Expense Payment shall be made in lieu of, and not in addition to, the payment of realtor’s fees to be incurred in selling his home in Minnesota that would otherwise be due under the Agreement. The Parties
further agree that, after the Company has made the Final Moving Expense Payment, no further payments of any kind shall be due EXECUTIVE under Section 3.4.3 of the Agreement. 
  

 All other terms and conditions of the Agreement shall remain unchanged and in effect. 
  

									
	THE COMPANY:	 		 	EXECUTIVE:
	 DIGIRAD CORPORATION
 a Delaware
Corporation
	 		 	MARK CASNER
				
	By:	 	/s/ Timothy J. Wollaeger	 		 	/s/ Mark Casner
		 	Chairman, Board of Directors	 		 	Chief Executive Officer
					
	Date:	 	December 13, 2006	 		 	Date:	 	December 13, 2006

  

 2Letter Agreement between the Company and Michael R. Dougherty

 Exhibit 10.1 
 December 14, 2006 
 Mr. Michael R. Dougherty 
 Dear Mr. Dougherty, 
 This letter (this “Second Amendment”) will amend that certain letter agreement dated
October 24, 2002, between you and Adolor Corporation (the “Company”) (the “Letter Agreement”), as amended January 26, 2004 (the “First Amendment”), a copy of the Letter Agreement and the First Amendment are
appended to this letter as Exhibit A. The Letter Agreement, First Amendment and this Second Amendment shall together constitute the “Agreement”). 
 Effective December 14, 2006, you have been elected to the position of President and Chief Executive Officer of the Company. You and the Company agree that this Second Amendment updates and replaces effective the
date of such election, the language in the Letter Agreement under the heading “Positions and Responsibilities” as follows: 
 Positions and
Responsibilities 
 Effective December 14, 2006, you have been elected to the position of President, Chief Executive Officer of the Company and a
member of the Company’s Board of Directors. In this position, you will have the duties, responsibilities and authority normally associated with the offices and positions of a member of the board of directors, president and chief executive
officer of a corporation, including, without limitation, operational and management authority with respect to the overall operations and day-to-day business and affairs of the Company. 
 Compensation 
 You and the Company agree that upon your election to President and Chief Executive Officer of the
Company: (i) your Base Salary shall be $400,000; (ii) your target bonus shall be 50%; (iii) the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”) shall grant to you options to
purchase 400,000 shares of the Company’s Common Stock pursuant to the Company’s 2003 Stock-Based Incentive Compensation Plan (the “Plan”) which options shall vest monthly over 48 months; and (iv) the Compensation Committee
shall grant to you an Award (the “Award”) under the Plan consisting of 75,000 restricted shares of the Company’s common stock which Award shall vest as follows: (i) 37,500 shares of the Restricted Stock on the date that the U.S.
Food and Drug Administration approves for commercial sale a New Drug Application for alvimopan for use in postoperative ileus; and (ii) 37,500 shares of the Restricted Stock on the date that the Food and Drug Administration approves for
commercial sale a New Drug Application for alvimopan for use in opioid bowel dysfunction, subject to acceleration of vesting on a Change of Control as defined in the Plan. 

 Except as set forth in this Second Amendment, the Agreement shall remain in full force and effect. 
  

			
	Sincerely,
	
	ADOLOR CORPORATION
		
	By:	 	/s/ David M. Madden
	Name:	 	David M. Madden
	As its:	 	Chairman, Board of Directors

  

	
	AGREED TO AND ACCEPTED
THIS 14th DAY of December,
2006
	
	/s/ Michael R. Dougherty
	Michael R. Dougherty

  

 2Stock Award Letter Agreement between the Company and Michael R. Dougherty

 Exhibit 10.2 
 December 14, 2006 
 Mr. Michael R. Dougherty 
 Dear Mr. Dougherty: 
 Adolor Corporation, a Delaware corporation (“Adolor”), hereby grants you an Award (the “Award”)
under the Adolor Corporation 2003 Stock Based Incentive Compensation Plan (the “Plan”) consisting of 75,000 restricted shares of the common stock, par value $.0001 per share (the “Restricted Stock”) of Adolor Corporation. The
Award is effective December 14, 2006, the date of your election to the office of Chief Executive Officer of Adolor. 
 This Award is subject to the
applicable terms and conditions of the Plan, which are incorporated herein by reference, and in the event of any contradiction, distinction or difference between this letter and the terms of the Plan, the terms of the Plan will control. By accepting
this Award, you also agree to be bound by the terms of the Plan and this Award Agreement. All capitalized terms used herein have the meanings set forth herein or, if not defined herein, set forth in the Plan. 
 Your Award shall vest as follows: (i) 37,500 shares of the Restricted Stock will vest on the date that the U.S. Food and Drug Administration approves for commercial
sale a New Drug Application for alvimopan for use in postoperative ileus; and (ii) 37,500 shares of the Restricted Stock will vest on the date that the Food and Drug Administration approves for commercial sale a New Drug Application for
alvimopan for use in opioid bowel dysfunction. 
 In the event that during your employment with the Company and prior to the full vesting of your Award or
any portion thereof, a Change in Control as defined in the Plan occurs, then on the date of such Change in Control, any unvested portion of your Award will vest in full. 
 Should your employment with the Company or its Subsidiaries terminate for any reason while any portion of your Award remains unvested, then such unvested portion of your Award shall be forfeited with no further
compensation due to you. 
 The Company will issue, or cause to be issued, stock certificates(s) for the Restricted Stock comprising your award, designating
you as the registered owner. Upon such issuance, you agree to deliver the certificate(s) together with a signed and undated instrument(s) of assignment to the Company or the Company’s designee authorizing the Committee to transfer title to the
certificate(s) representing that Restricted Stock to the Company for any unvested portion of your Award in the event that your employment with the Company or its Subsidiaries should terminate for any reason while any portion of your Award remains
unvests. 
 When a portion of your Award vests, you must make appropriate arrangements with the Company concerning withholding of any taxes that may be due,
by tendering cash payment to the Company in an amount equal to the required withholding. As promptly thereafter as possible the Company will deliver both the certificate for your shares and the instrument of assignment described above to you for the
portion of the Award that has vested. 

 The Company may impose any conditions on the Award as it deems necessary or advisable to ensure that all rights granted
under the Plan satisfy the requirements of applicable securities laws. The Company shall not be obligated to issue or deliver any Restricted Stock if such action violates any provision of any law or regulation of any governmental authority or
national securities exchange. 
 The Committee administering the Plan may amend the terms of this Award to the extent it deems appropriate to carry out the
terms of the Plan. The construction and interpretation of any provision of this Award or the Plan shall be final and conclusive when made by the Committee. 
 Nothing in this letter shall confer on you the right to continue in the service of the Company or its Subsidiaries or interfere in any way with the right of the Company or its Subsidiaries to terminate your service at any time, which rights
shall be subject to the terms and conditions of any applicable employment agreement or other contractual relationship between you and the Company. Please confirm your agreement with the foregoing by signing and returning a copy of this letter to
Thomas P. Hess, Vice President, Finance and Chief Financial Officer. Your signature will also acknowledge that you have received and reviewed the Plan and that you agree to be bound by the applicable terms of the Plan. 
  

			
	Very truly yours,
	
	ADOLOR CORPORATION.
		
	By:	 	/s/ Thomas P. Hess
	Name:	 	Thomas P. Hess
	Title:	 	Vice President, Finance and Chief Financial Officer

  

	
	ACKNOWLEDGED AND ACCEPTED
	
	/s/ Michael R. Dougherty
	Michael R. Dougherty

 Dated: December 14, 2006 
  

	Enclosures	Adolor Corporation 2003 Stock-Based Incentive Compensation Plan; 

	    	Summary of the Adolor Corporation 2003 Stock-Based Incentive Compensation Plan; 

	    	Adolor Corporation Form 10-K For Fiscal Year Ended December 31, 2005 

  

 2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]