Document:

ex10_1.htm

     

    Exhibit
      10.1

     

    FORM
      OF

     

    EMPLOYMENT
      AGREEMENT 

     

    This
      Employment Agreement (“Agreement”), effective as of this _____ day of _______,
      2007, by and between XOMA (US) LLC (“XOMA” or the “Company”), a Delaware limited
      liability company with its principal office at 2910 Seventh Street, Berkeley,
      California, and ________________________ (“Employee”), an individual residing at
      __________________

     

    _________________________.  

     

    WHEREAS,
      the Company wishes to enter into this Agreement to assure the Company of the
      continued services of Employee; and

     

    WHEREAS,
      Employee is willing to enter into this Agreement and to continue to serve in
      the
      employ of the Company upon the terms and conditions hereinafter
      provided;

     

    NOW,
      THEREFORE, in consideration of the mutual covenants herein contained, the
      parties hereto hereby agree as follows:

     

    1.  Employment.
      The Company agrees to continue to employ Employee, and Employee agrees to
      continue to be employed by the Company, for the period referred to in Section
      3
      hereof and upon the other terms and conditions herein provided. 

     

    2.  Position
      and Responsibilities. The Company agrees to employ Employee in the position
      of _______________________________________________, and Employee agrees to
      serve
      as _______________________________________, for the term and on the conditions
      hereinafter set forth. Employee agrees to perform such services not inconsistent
      with her/his position as shall from time to time be assigned to her/him by
      the
      Chairman of the Board, President and Chief Executive Officer of the Company
      (the
“Chairman”). 

     

    3.  Term
      and Duties. 

     

    (a)  Term
      of Employment. This Agreement shall become effective and the term of
      employment pursuant to this Agreement shall commence on ___________, 2007 and
      will continue until ______________, ________, and will be automatically extended
      (without further action by the parties) for one year thereafter and again on
      each subsequent anniversary thereof unless notice of nonextension of the term
      is
      given by either the Employee or the Company more than 90 days prior to the
      next
      scheduled expiration date or unless Employee’s employment is terminated by the
      Company or he/she resigns from the Company’s employ as described
      herein.

     

    (b)  Duties.
      During the period of her/his
      employment hereunder Employee shall serve the Company as its
      _______________________________________, and except for illnesses, vacation
      periods and reasonable leaves of absence, Employee shall devote all of her/his
      business time, attention, skill and efforts to the faithful performance of
      her/his duties hereunder.  So long as Employee is
      ____________________________ of the Company, he/she will discharge all duties
      incidental to such office and such further duties as may be reasonably assigned
      to her/him from time to time by the Chairman. 

     

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

    

     

    4.  Compensation
      and Reimbursement of Expenses. 

     

    (a)  Compensation.
      For all services rendered by Employee as __________

     

    ___________________________
      during her/his employment under this Agreement, the Company shall pay Employee
      as compensation a base salary at a rate of not less than $________ per annum.
      All taxes and governmentally required withholding shall be deducted in
      conformity with applicable laws.

     

    (b)  Reimbursement
      of Expenses. The Company shall pay or reimburse Employee for all reasonable
      travel and other expenses incurred by Employee in performing her/his obligations
      under this Agreement in a manner consistent with past Company practice. The
      Company further agrees to furnish Employee with such assistance and
      accommodations as shall be suitable to the character of Employee’s position with
      the Company, adequate for the performance of her/his duties and consistent
      with
      past Company practice.

     

    5.  Participation
      in Benefit Plans. The payments provided in Section 4 hereof are in addition
      to benefits Employee is entitled to under any group hospitalization, health,
      dental care, disability insurance, surety bond, death benefit plan, travel
      and/or accident insurance, other allowance and/or executive compensation plan,
      including, without limitation, any senior staff incentive plan, capital
      accumulation and termination pay programs, restricted or non-restricted share
      purchase plan, share option plan, retirement income or pension plan or other
      present or future group employee benefit plan or program of the Company for
      which key executives are or shall become eligible, and Employee shall be
      eligible to receive during the period of her/his employment under this
      Agreement, all benefits and emoluments for which key executives are eligible
      under every such plan or program to the extent permissible under the general
      terms and provisions of such plans or programs and in accordance with the
      provisions thereof. 

     

    6.  Payments
      to Employee Upon Termination of Employment. 

     

    (a)  Termination.
      Upon the occurrence of an event of termination (as hereinafter defined) during
      the period of Employee’s employment under this Agreement, the provisions of this
      paragraph 6(a) and paragraph 6(b) shall apply. As used in this Agreement, an
      “event of termination” shall mean and include any one or more of the following:

     

    (i)  The
      termination by the Company of Employee’s employment hereunder for any reason
      other than pursuant to paragraph 6(c) and shall include any termination of
      the
      Employee’s employment upon expiration of the term of this Agreement due to the
      Company giving written notice of its intention not to extend the term of this
      Agreement as provided in paragraph 3(a); or 

     

    (ii)  Employee’s
      resignation from the Company’s employ for Good Reason in accordance with the
      terms hereof.  “Good Reason” shall mean, unless remedied by the
      Company within thirty (30) days after the receipt of written notice from
      the Employee as provided below or consented to in writing by the

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

    Employee,
      (A) the material diminution of any material duties or responsibilities of the
      Employee; or (B) a material reduction in the Employee's base salary;provided,
      however, that the Employee must have given written notice to the Company of
      the
      existence of any such condition within ninety (90) days after the initial
      existence thereof (and the failure to provide such timely notice will constitute
      a waiver of the Employee’s ability to terminate employment for Good Reason as a
      result of such condition), and the Company will have a period of thirty (30)
      days from receipt of such written notice during which it may remedy the
      condition; provided further, however, that any termination of employment by
      the
      Employee for Good Reason must occur not later than one hundred eighty (180)
      days
      following the initial existence of the condition giving rise to such Good
      Reason.

     

    (b)  Severance
      Pay and Other Benefits.   The following provisions of this
      Section 6(b) shall apply upon the occurrence of an event of termination under
      paragraph 6(a).

     

    (i)  Cash
      Severance Pay.  Upon the occurrence of an event of termination
      under paragraph 6(a), the Company shall, subject to the provisions of Section
      7
      below, pay Employee, or in the event of her/his subsequent death, her/his
      beneficiary or beneficiaries of her/his estate, as the case may be, as severance
      pay or liquidated damages, or both, (A) a severance payment in an amount equal
      to     [      ] times the
      Employee’s annual base salary as in effect immediately prior to the termination,
      and (B) a severance payment equal to the sum
      of  [     ] times the Employee’s annual
      target bonus as in effect for the fiscal year in which the termination occurs,
      and (2) an amount equal to a pro-rated portion of the Employee’s annual target
      bonus as in effect for the fiscal year in which the termination occurs
      calculated by multiplying the annual target bonus by a fraction, the numerator
      of which shall be the number of calendar months (including a portion of any
      such
      month) that the Employee was employed with the Company  prior to the
      occurrence of the termination during such fiscal year, and the denominator
      of
      which shall be 12.  Such severance payments shall be in lieu of any
      other severance payment to which the Employee shall be entitled as a result
      of
      such termination pursuant to this Agreement, any other employment agreement
      with
      or offer letter from the Company or any of its affiliates or the Company’s or
      any of its affiliate’s then existing severance plans and policies, except in
      those circumstances where the provisions of the Change of Control Severance
      Agreement, effective as of ____________, ______, between Employee and XOMA
      Ltd.,
      by such agreement’s express terms, apply, in which case the provisions of such
      agreement providing for severance payment(s) to Employee as a result of such
      termination shall apply in lieu of the provisions of this Agreement relating
      thereto.  The severance payment described in Section 6(b)(i)(A) shall
      be paid in monthly installments over
      [          ] months (the
“Severance Payment Period”), beginning within thirty (30) days of the
      termination, and the severance payment described in Section 6(b)(i)(B) shall
      be
      paid in a lump sum within thirty (30) days of the termination, in each case
      subject to the requirements of Section 6(b)(iii) below.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    

     

    (ii)  Group
      Health Coverage and Certain Other Benefits.  In addition, during a
      period of [         ] months
      following an event of termination under paragraph 6(a), (A) the Company shall
      pay for the full cost of the coverage (plus an additional amount to pay for
      the
      taxes on such payments, if any, plus any taxes on such additional amount, such
      amount to be paid no later than ten (10) days prior to the date such taxes
      are
      due) of the Employee and Employee’s spouse and eligible dependents under any
      group health plans of the Company on the date of such termination of employment
      at the same level of health (i.e., medical, vision and dental) coverage and
      benefits as in effect for the Employee or such covered dependents on the date
      immediately preceding the date of the Employee’s termination; provided,
however, that (1) the Employee and Employee’s spouse and eligible
      dependents each constitutes a qualified beneficiary, as defined in Section
      4980B(g)(1) of the Internal Revenue Code of 1986, as amended (the “Code”); and
      (2) the Employee elects continuation coverage pursuant to the Consolidated
      Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), within the time
      period prescribed pursuant to COBRA; and (B) if Employee is, at the time of
      such
      termination, an eligible participant in the Company’s mortgage differential
      program, the Company shall continue to make mortgage assistance payments to
      Employee pursuant to such program as in effect at the time of such
      termination.  Notwithstanding the foregoing, the payments by the
      Company for such group health coverage and/or mortgage assistance, as
      applicable, shall cease prior to the expiration of the
      [         ] month period in this
      Section 6(b)(ii) upon the employment of the Employment by another
      employer.  Furthermore, if, at the time of the termination of
      Employee’s employment under paragraph 6(a), Employee is the obligor of a
“forgivable” loan (i.e., a loan which by its terms is to be considered forgiven
      by the Company and paid by the obligor in circumstances other than actual
      repayment) from the Company, then, notwithstanding any provisions of such loan
      to the contrary, such loan shall remain outstanding, and the forgiveness thereof
      shall continue, for a period
      of       [        ]
      months following such termination in accordance with the terms of such loan
      in
      effect at the time of such termination; provided, however, that at the
      end of such period of
      [            ]
      months, the outstanding balance of such loan shall be immediately due and
      payable, together with any accrued and unpaid interest thereon.

     

    (iii)  Section
      409A of the Code.  Notwithstanding the foregoing clauses (i) and
      (ii), to the extent any of the severance payments, mortgage assistance payments
      or loan forgiveness referred to therein, or any taxes payable on the health
      benefits referred to therein, would be deemed made in connection with a
“separation from service” within the meaning of the term in Section
      409A(a)(2)(A)(i) of the Code to a “specified employee” within the meaning of the
      term in Section 409A(a)(2)(B)(i) of the Code, and not exempt from the
      requirements of Section 409A of the Code, then such payments or forgiveness,
      as
      the case may be, shall be postponed until six (6) months following the
      Employee’s termination from employment as required by Section 409A of the Code,
provided, however, if prior to the expiration of such six-month
      period, the Employee dies, then such payments or forgiveness, as the case may
      be, shall

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

    commence
      prior to expiration of the six month period according to the original payment
      schedule for such payments to the extent permitted by Section 409A of the
      Code.  Thus, for example, if the provision in the preceding sentence
      applies, the first six (6) monthly installments of the severance payments
      provided for in clause (i) above shall be paid immediately following the six
      (6)
      month period in a lump sum and the seventh (7th) through
      [               ]
      installments shall be paid according to their original schedule provided that
      the Employee does not die during such six-month period. 

     

    (iv)  Outplacement
      Program.  Upon the occurrence of an event of termination under
      paragraph 6(a), the Employee will immediately become entitled to participate
      in
      a [           ] month
      executive outplacement program provided by an executive outplacement service,
      at
      the Company’s expense not to
      exceed          [                                            ].

     

    (v)  Release
      of Claims.  As a condition of entering into this Agreement and
      receiving the severance benefits under this Section 6(b), the Employee agrees
      to
      execute and not revoke a release of claims agreement substantially in the form
      attached hereto as Exhibit A upon the termination of the Employee’s
      employment with the Company.  Such release shall not, however, apply
      to the rights and claims of the Employee under this Agreement, any
      indemnification agreement between the Employee and XOMA Ltd. (or its successor
      or acquirer), the bye-laws of XOMA Ltd. (or its successor or acquirer), the
      share award agreements between the Employee and XOMA Ltd. (or its successor
      or
      acquirer), or any employee benefit plan of which the Employee is a participant
      and under which all benefits due under such plan have not yet been paid or
      provided.

     

    (c)  Other
      Termination of Employment. Notwithstanding paragraphs 6(a) and (b) or any
      other provision of this Agreement to the contrary, if on or after the date
      of
      this Agreement and prior to the end of the term hereof:

     

    (i)   Employee
      has been
      convicted of any crime or offense constituting a felony under applicable law,
      including, without limitation, any act of dishonesty such as embezzlement,
      theft
      or larceny;

     

    (ii)  Employee
      shall act or refrain from acting in respect of any of the duties and
      responsibilities which have been assigned to her/him in accordance with this
      Agreement and shall fail to desist from such action or inaction within thirty
      (30)  days after Employee’s receipt of notice from the Company of such
      action or inaction and the Board of Directors determines that such action or
      inaction constituted gross negligence or a willful act of malfeasance or
      misfeasance of Employee in respect of such duties; or

     

    (iii)  Employee
      shall breach any material term
      of this Agreement and shall fail to correct such breach within thirty (30)
      days
      after Employee’s receipt of notice from the Company of such breach (provided
      such breach can be cured); 

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    

     

    then,
      and
      in each such case, the Company shall have the right to give notice of
      termination of Employee’s services hereunder (or pay Employee in lieu of notice)
      as of a date (not earlier than fourteen (14) days from such notice) to be
      specified in such notice and this Agreement (other than the provisions of
      Section 7 hereof) shall terminate on such date. 

     

    7.  Post-Termination
      Obligations. All payments and benefits to Employee under this Agreement
      shall be subject to Employee’s compliance with the following provisions during
      the term of her/his employment and for the Severance Payment Period:

     

    (a)  Confidential
      Information and Competitive Conduct. Employee shall not, to the detriment of
      the Company, disclose or reveal to any unauthorized person any trade secret
      or
      other confidential information relating to the Company or its affiliates or
      to
      any businesses operated by them, and Employee confirms that such information
      constitutes the exclusive property of the Company. Employee shall not otherwise
      act or conduct her/himself to the material detriment of the Company or its
      affiliates, or in a manner which is inimical or contrary to the interests
      thereof, and, for a period of twelve (12) months following an event of
      termination under paragraph 6(a), shall not, directly or indirectly, engage
      in
      or render any service (whether to a person, firm or business) in direct
      competition with the Company; provided, however, that Employee’s
      ownership of less than five percent (5%) of the outstanding stock of a
      corporation shall not be itself be deemed to constitute such competition.
      Employee recognizes that the possible restrictions on her/his activities which
      may occur as a result of her/his performance of her/his obligations under this
      paragraph 7(a) are required for the reasonable protection of the Company and
      its
      investments.  For purposes hereof, “in direct competition” means
      engaged in the research, development and/or production of biological materials
      intended for use as therapeutic, prophylactic or diagnostic products in one
      or
      more of the same indications, and that utilize one or more of the same
      scientific bases (e.g., in the case of a therapeutic antibody, targets the
      same
      signal initiating pathway), as a product or product candidate the research,
      development and/or production of which is an active part of the Company’s
      business plan at the time of Employee’s termination.

     

    (b)  Non-Disparagement.  The
      Employee and the Company agree to refrain from any defamation, libel or slander
      of the other and its respective officers, directors, employees, representatives,
      investors, shareholders, administrators, affiliates, divisions, subsidiaries,
      predecessor and successor corporations and assigns or tortious interference
      with
      the contracts and relationships of the other and its respective officers,
      directors, employees, representatives, investors, shareholders, administrators,
      affiliates, divisions, subsidiaries, predecessor and successor corporations
      and
      assigns. 

     

    (c)  Failure
      of Employee to
      Comply. If, for any
      reason other than death or disability, Employee shall, without written consent
      of the Company, fail to comply with the provisions of paragraphs 7(a) or 7(b)
      above, her/his rights to any future payments or other benefits hereunder shall
      terminate, and the Company’s obligations to make such payments and provide such
      benefits shall cease. 

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    

     

    (d)  Remedies.
      Employee agrees that monetary damages would not be adequate compensation for
      any
      loss incurred by the Company by reason of a breach of the provisions of this
      Section 7 and hereby agrees to waive the defense in any action for specific
      performance that a remedy at law would be adequate. 

     

    8.  Effect
      of Prior Agreements. This Agreement contains the entire understanding
      between the parties hereto and supersedes any prior employment agreements
      between the Company and Employee, but shall not supersede the Change of Control
      Severance Agreement referred to above, any indemnification agreement between
      the
      Employee and XOMA Ltd. (or its successor or acquirer), the share award
      agreements between the Employee and XOMA Ltd. (or its successor or acquirer),
      or
      any employee benefit plan of which the Employee is a participant and under
      which
      all benefits due under such plan have not yet been paid or provided.

     

    9.  General
      Provisions. 

     

    (a)  Binding
      Agreement. This Agreement shall be binding upon, and inure to the benefit
      of, Employee and the Company and their respective permitted successors and
      assigns. 

     

    (b)  Legal
      Expenses. In the event that Employee incurs legal expenses in contesting any
      provision of this Agreement and such contest results in a determination that
      the
      Company has breached any of its obligations hereunder, Employee shall be
      reimbursed by the Company for such legal expenses.

     

    (c)  Compliance
      with Section 409A of the Code.  It is intended that this Agreement
      will comply with Section 409A of the Code (and any regulations and guidelines
      issued thereunder) to the extent the Agreement is subject thereto, and the
      Agreement shall be interpreted on the basis consistent with such
      intent.

     

    10.  Successors
      and Assigns. 

     

    (a)  Assignment
      by the Company. This Agreement shall be binding upon and inure to the
      benefit of the successors and assigns of the Company and, unless clearly
      inapplicable, reference herein to the Company shall be deemed to include its
      successors and assigns. 

     

    (b)  Assignment
      by Employee. Employee may not assign this Agreement in whole or in part.

     

    11.  Modification
      and Waiver. 

     

    (a)  Amendment
      of Agreement. This Agreement may not be modified or amended except by an
      instrument in writing signed by the parties hereto. 

     

    (b)  Waiver.
      No term or condition of this Agreement shall be deemed to have been waived
      except by written instrument of the party charged with such waiver. No
      such

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    written
      waiver shall be deemed a continuing waiver unless specifically stated therein,
      and each such waiver shall operate only as to the specific term or condition
      waived. 

     

    12.  Severability.
      In the event any provision of this Agreement or any part hereof is held invalid,
      such invalidity shall not affect any remaining part of such provision or any
      other provision. If any court construes any provision of this Agreement to
      be
      illegal, void or unenforceable because of the duration or the area or matter
      covered thereby, such court shall reduce the duration, area or matter of such
      provision, and, in its reduced form, such provision shall then be enforceable
      and shall be enforced. 

     

    13.  Governing
      Law. This Agreement has been executed and delivered in the State of
      California, and its validity interpretation, performance, and enforcement shall
      be governed by the laws of said State.

     

    IN
      WITNESS WHEREOF, XOMA has caused this Agreement to be executed by its duly
      authorized officer, and Employee has signed this Agreement, all as of the day
      and year first above written.

     

    
      	
              XOMA
                (US) LLC

            
	 
	
              By:  John
                L. Castello

              Chairman
                of the Board, President

              and
                Chief Executive Officer

            
	
               

              Employee

            

    

    

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

     

    FORM
      RELEASE OF CLAIMS AGREEMENT

     

     

    This
      Release of Claims Agreement (this “Agreement”) is made and entered into by and
      between XOMA (US) LLC (the “Company”) and ________ (the
“Employee”).

     

    WHEREAS,
      the Employee was employed by the Company; and

     

    WHEREAS,
      the Company and the Employee have entered into an employment agreement effective
      as of ________, 2007 (the “Employment Agreement”).

     

    NOW
      THEREFORE, in consideration of the mutual promises made herein and other good
      and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the Company and the Employee (collectively referred to as the
      “Parties”) desiring to be legally bound do hereby agree as follows:

     

    1.  Termination.  The
      Employee’s employment with the Company terminated on ___________,
      20__.

     

    2.  Consideration.  Subject
      to and in consideration of the Employee’s release of claims as provided herein,
      the Company has agreed to pay the Employee certain benefits and the Employee
      has
      agreed to provide certain benefits to the Company, both as set forth in the
      Employment Agreement.

     

    3.  Release
      of Claims.  The Employee agrees that the foregoing consideration
      represents settlement in full of all currently outstanding obligations owed
      to
      the Employee by the Company.  The Employee, on the Employee’s own
      behalf and the Employee’s respective heirs, family members, executors and
      assigns, hereby fully and forever releases the Company and its past, present
      and
      future officers, agents, directors, employees, investors, shareholders,
      administrators, affiliates, divisions, subsidiaries, parents, predecessor and
      successor corporations, and assigns, from, and agrees not to sue or otherwise
      institute or cause to be instituted any legal or administrative proceedings
      concerning any claim, duty, obligation or cause of action relating to any
      matters of any kind, whether presently known or unknown, suspected or
      unsuspected, that the Employee may possess arising from any omissions, acts
      or
      facts that have occurred up until and including the Effective Date (as defined
      below) of this Agreement including, without limitation:

     

    (a)  any
      and
      all claims relating to or arising from the Employee’s employment relationship
      with the Company and the termination of that relationship;

     

    (b)  any
      and
      all claims relating to, or arising from, the Employee’s right to purchase, or
      actual purchase of shares of stock of the Company, including, without
      limitation, any claims for fraud, misrepresentation, breach of fiduciary duty,
      breach of duty under applicable state corporate law and securities fraud under
      any state or federal law;

     

    (c)  any
      and
      all claims for wrongful discharge of employment, termination in violation of
      public policy, discrimination, breach of contract (both express and implied),
      breach

    
      
        
        

      

      
        A-1

        
          

        

      

      
        
        

      

    

     

    of
      a
      covenant of good faith and fair dealing (both express and implied), promissory
      estoppel, negligent or intentional infliction of emotional distress, negligent
      or intentional misrepresentation, negligent or intentional interference with
      contract or prospective economic advantage, unfair business practices,
      defamation, libel, slander, negligence, personal injury, assault, battery,
      invasion of privacy, false imprisonment and conversion;

     

    (d)  any
      and
      all claims for violation of any federal, state or municipal statute, including,
      but not limited to, Title VII of the Civil Rights Act of 1964, the Civil Rights
      Act of 1991, the Age Discrimination in Employment Act of 1967, the Americans
      with Disabilities Act of 1990, the Fair Labor Standards Act, the Employee
      Retirement Income Security Act of 1974, The Worker Adjustment and Retraining
      Notification Act, the California Fair Employment and Housing Act, and Labor
      Code
      Section 201, et seq. and Section 970, et seq. and all
      amendments to each such Act as well as the regulations issued
      thereunder;

     

    (e)  any
      and
      all claims for violation of the federal or any state constitution;

     

    (f)  any
      and
      all claims arising out of any other laws and regulations relating to employment
      or employment discrimination; and

     

    (g)  any
      and
      all claims for attorneys’ fees and costs.

     

    The
      Employee agrees that the release set forth in this Section 4 shall be and remain
      in effect in all respects as a complete general release as to the matters
      released.  Notwithstanding the foregoing, this release does not extend
      to any obligations now or subsequently incurred under this Agreement, the
      Employment Agreement, the Indemnification Agreement between the Employee and
      the
      Company (or its successor or acquirer), the outstanding stock award agreements
      between the Employee and the Company (or its successor or acquirer), or any
      employee benefit plan of which the Employee is a participant and under which
      all
      benefits due under such plan have not yet been paid or provided.

     

    4.  Acknowledgment
      of Waiver of Claims under ADEA.  The Employee acknowledges that
      the Employee is waiving and releasing any rights the Employee may have under
      the
      Age Discrimination in Employment Act of 1967 (“ADEA”) and that this waiver and
      release is knowing and voluntary.  The Employee and the Company agree
      that this waiver and release does not apply to any rights or claims that may
      arise under the ADEA after the Effective Date of this Agreement.  The
      Employee acknowledges that the consideration given for this waiver and release
      agreement is in addition to anything of value to which the Employee was already
      entitled.  The Employee further acknowledges that the Employee has
      been advised by this writing that (a) the Employee should consult with an
      attorney prior to executing this Agreement; (b) the Employee has at least
      twenty-one (21) days within which to consider this Agreement; (c) the Employee
      has seven (7) days following the execution of this Agreement by the Parties
      to
      revoke the Agreement; and (d) this Agreement shall not be effective until the
      revocation period has expired.  Any revocation should be in writing
      and delivered to the Company by the close of business on the seventh (7th) day from
      the date
      that the Employee signs this Agreement.

    
      
        
        

      

      
        A-2

        
          

        

      

      
        
        

      

    

     

    

     

    5.  Civil
      Code Section 1542.  The Employee represents that the Employee is
      not aware of any claims against the Company other than the claims that are
      released by this Agreement.  The Employee acknowledges that the
      Employee has been advised by legal counsel and is familiar with the provisions
      of California Civil Code Section 1542, which provides as follows:

     

    A
      GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW
      OR
      SUSPECT TO EXIST IN HER OR HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE,
      WHICH
      IF KNOWN BY HER OR HIM MUST HAVE MATERIALLY AFFECTED HER OR HIS SETTLEMENT
      WITH
      THE DEBTOR.

     

    The
      Employee, being aware of said code section, agrees to expressly waive any rights
      the Employee may have thereunder, as well as under any other statute or common
      law principles of similar effect.

     

    6.  No
      Pending or Future Lawsuits.  The Employee represents that the
      Employee has no lawsuits, claims or actions pending in the Employee’s name, or
      on behalf of any other person or entity, against the Company or any other person
      or entity referred to herein.  The Employee also represents that the
      Employee does not intend to bring any claims on the Employee’s own behalf or on
      behalf of any other person or entity against the Company or any other person
      or
      entity referred to herein except, if necessary, with respect to the agreements
      listed in the last sentence of Section 4 of this Agreement.

     

    7.  Confidentiality.  The
      Employee agrees to use the Employee’s best efforts to maintain in confidence the
      existence of this Agreement, the contents and terms of this Agreement, and
      the
      consideration for this Agreement (hereinafter collectively referred to as
“Release Information”).  The Employee agrees to take every reasonable
      precaution to prevent disclosure of any Release Information to third parties
      and
      agrees that there will be no publicity, directly or indirectly, concerning
      any
      Release Information.  The Employee agrees to take every precaution to
      disclose Release Information only to those attorneys, accountants, governmental
      entities and family members who have a reasonable need to know of such Release
      Information.

     

    8.  No
      Adverse Cooperation.  The Employee agrees the Employee will not
      act in any manner that might damage the business of the Company.  The
      Employee agrees that the Employee will not counsel or assist any attorneys
      or
      their clients in the presentation or prosecution of any disputes, differences,
      grievances, claims, charges or complaints by any third party against the Company
      and/or any officer, director, employee, agent, representative, shareholder
      or
      attorney of the Company, unless compelled under a subpoena or other court order
      to do so.

     

    9.  Costs.  The
      Parties shall each bear their own costs, expert fees, attorneys’ fees and other
      fees incurred in connection with this Agreement.

     

    10.  Authority.  The
      Company represents and warrants that the undersigned has the authority to act
      on
      behalf of the Company and to bind the Company and all who may claim through
      it
      to the terms and conditions of this Agreement.  The Employee
      represents and warrants

    
      
        
        

      

      
        A-3

        
          

        

      

      
        
        

      

    

     

    that
      the
      Employee has the capacity to act on the Employee’s own behalf and on behalf of
      all who might claim through the Employee to bind them to the terms and
      conditions of this Agreement.

     

    11.  No
      Representations.  The Employee represents that the Employee has
      had the opportunity to consult with an attorney, and has carefully read and
      understands the scope and effect of the provisions of this
      Agreement.  Neither party has relied upon any representations or
      statements made by the other party hereto which are not specifically set forth
      in this Agreement.

     

    12.  Severability.  In
      the event that any provision hereof becomes or is declared by a court of
      competent jurisdiction to be illegal, unenforceable or void, this Agreement
      shall continue in full force and effect without said provision.

     

    13.  Entire
      Agreement.  This Agreement and the Employment Agreement and the
      agreements and plans referenced therein represent the entire agreement and
      understanding between the Company and the Employee concerning the Employee’s
      separation from the Company, and supersede and replace any and all prior
      agreements and understandings concerning the Employee’s relationship with the
      Company and the Employee’s compensation by the Company.  This
      Agreement may only be amended in writing signed by the Employee and an executive
      officer of the Company.

     

    14.  Governing
      Law.  This Agreement shall be governed by the internal substantive
      laws, but not the choice of law rules, of the State of California.

     

    15.  Effective
      Date.  This Agreement is effective eight (8)
      days after it has been signed by the Parties (the “Effective Date”) unless it is
      revoked by the Employee within seven (7) days of the execution of this Agreement
      by the Employee.

     

    16.  Counterparts.  This
      Agreement may be executed in counterparts, and each counterpart shall have
      the
      same force and effect as an original and shall constitute an effective, binding
      agreement on the part of each of the undersigned.

     

    17.  Voluntary
      Execution of Agreement.  This Agreement is executed voluntarily
      and without any duress or undue influence on the part or behalf of the Parties
      hereto, with the full intent of releasing all claims.  The Parties
      acknowledge that:

     

    (a)  they
      have
      read this Agreement;

     

    (b)  they
      have
      been represented in the preparation, negotiation and execution of this Agreement
      by legal counsel of their own choice or that they have voluntarily declined
      to
      seek such counsel;

     

    (c)  they
      understand the terms and consequences of this Agreement and of the releases
      it
      contains; and

     

    (d)  they
      are
      fully aware of the legal and binding effect of this Agreement.

    
      
        
        

      

      
        A-4

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the Parties have executed this Agreement on the respective
      dates set forth below.

     

    
      	
              XOMA
                (US) LLC

            
	 
	 
	 
	
              By: 
                _______________________________

            
	
              Title: 
                ______________________________

            
	
              Date: 
                ______________________________

            
	 
	
              EMPLOYEE

            
	 
	 
	
              Name 
                _____________________________

            
	
              Date: 
                _____________________________

            

    

    

     

     

     

     

     

    A-5

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
 

    
      Terms
        of
        Individual Executive Officer Employment Agreements

      (to
        be
        read in conjunction with Form of Employment Agreement)

       

      
        	
                Name

              	
                Title

              	 	
                Current
                  
Salary

              	
                Paragraph
                  
6(b)(i)

              	
                Paragraph
                  
6(b)(ii)

              	
                Paragraph
                  
6(b)(iv)

              
	 	 	 	 	 	 	 	 	 
	
                Patrick
                  J. Scannon, MD, PhD

              	
                Chief
                  Biotechnology Officer

              	 	
                $360,000

              	
                .75

              	
                9
                  months

              	
                9

                months

              	
                6
                  months

              	
                $8,000

              
	
                Christopher
                  J. Margolin

              	
                Vice
                  President, General Counsel and Secretary

              	 	
                $310,000

              	
                .75

              	
                9
                  months

              	
                9

                months

              	
                6
                  months

              	
                $8,000

              
	
                J.
                  David Boyle II

              	
                Vice
                  President, Finance and Chief Financial Officer

              	 	
                $283,000

              	
                .75

              	
                9
                  months

              	
                9

                months

              	
                6
                  months

              	
                $8,000ex10_2.htm

     

     

     

    Exhibit
      10.2

     

    XOMA
      LTD.  

     

    CHANGE
      OF CONTROL SEVERANCE AGREEMENT

     

    This
      Change of Control Severance Agreement (the “Agreement”) is made and
      entered into effective as of _______, 2007 (the “Effective Date”), by and
      between ___________ (the “Employee”) and XOMA Ltd., a Bermuda company
      (the “Company”).

     

    R
      E C
      I T A L S

     

    A.           It
      is expected that the Company may from time to time consider the possibility
      of a
      Change of Control (as hereinafter defined).  The Board of Directors of
      the Company (the “Board”) recognizes that such consideration could be a
      distraction to the Employee and could cause the Employee to consider alternative
      employment opportunities.

     

    B.           The
      Board believes that it is in the best interest of the Company and its
      shareholders to provide the Employee with an incentive to continue the
      Employee’s employment and to maximize the value of the Company upon a Change of
      Control for the benefit of its shareholders.

     

    C.           In
      order to provide the Employee with enhanced financial security and sufficient
      encouragement to remain with the Company notwithstanding the possibility of
      a
      Change of Control, the Board believes that it is imperative to provide the
      Employee with certain severance benefits upon the Employee’s termination of
      employment following a Change of Control.

     

    D.           XOMA
      (US) LLC, a wholly-owned subsidiary of the Company, and the Employee have
      previously entered into an employment agreement effective as of _______, 2007
      (the “Existing Agreement”), which provides the Employee with certain
      severance benefits upon the Employee’s termination of employment.

     

    E.           The
      parties intend that this Agreement shall operate in addition to, and not in
      replacement of, the Existing Agreement.

     

    AGREEMENT

     

    In
      consideration of the mutual covenants herein contained and the continued
      employment of the Employee by the Company, the parties agree as
      follows:

     

    1.  Definition
      of Terms.  The following terms referred to in this Agreement shall
      have the following meanings:

     

    (a)  “Cause”
      shall mean (i) the Employee has been convicted of any crime or offense
      constituting a felony under applicable law, including, without limitation,
      any
      act of dishonesty such as embezzlement, theft or larceny, (ii) the Employee
      has
      acted or refrained from acting in respect of any of the duties and
      responsibilities which have been assigned to her/him in accordance with this
      Agreement or the Existing Agreement and shall fail to desist from such action
      or
      inaction within thirty (30) days after the Employee’s receipt of notice from
      the

     

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

    Company
      of such action or inaction and the Board determines that such action or inaction
      constituted gross negligence or a willful act of malfeasance or misfeasance
      of
      the Employee in respect of such duties, or (iii) the Employee has breached
      any
      material term of this Agreement or the Existing Agreement and shall fail to
      correct such breach within thirty (30) days after the Employee’s receipt of
      notice from the Company of such breach.

     

    (b)  “Change
      of Control” shall mean the occurrence of any of the following
      events:

     

    (i)  a
      merger,
      amalgamation or acquisition in which the Company is not the surviving or
      continuing entity, except for a transaction the principal purpose of which
      is to
      change the jurisdiction of the Company’s organization;

     

    (ii)  the
      sale,
      transfer or other disposition of all or substantially all of the assets of
      the
      Company;

     

    (iii)  any
      other
      reorganization or business combination in which fifty percent (50%) or more
      of
      the Company’s outstanding voting securities are transferred to different holders
      in a single transaction or series of related transactions;

     

    (iv)  any
      approval by the shareholders of the Company of a plan of complete liquidation
      of
      the Company;

     

    (v)  any
      “person” (as such term is used in Sections 13(d) and 14(d) of the Securities
      Exchange Act of 1934, as amended) becoming the “beneficial owner” (as defined in
      Rule 13d-3 under said Act), directly or indirectly, of securities of the Company
      representing more than fifty percent (50%) of the total voting power represented
      by the Company’s then outstanding voting securities; or

     

    (vi)  a
      change
      in the composition of the Board, as a result of which fewer than a majority
      of
      the directors are Incumbent Directors.  “Incumbent Directors” shall
      mean directors who (A) are directors of the Company as of the date hereof,
      (B)
      are elected, or nominated for election, to the Board with the affirmative votes
      of  the directors of the Company as of the date hereof, or (C) are
      elected, or nominated for election, to the Board with the affirmative votes
      of
      at least a majority of those directors whose election or nomination was not
      in
      connection with any transaction described in subsections (i) through (v) or
      in
      connection with an actual or threatened proxy contest relating to the election
      of directors of the Company.

     

    (c)  “Change
      of Control Protection Period” shall mean the period commencing one (1) month
      prior to the execution of the definitive agreement for

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    a
      Change
      of Control and eighteen (18) months following the closing of a Change of
      Control.

     

    (d)  “Compensation
      Continuation Period” shall mean the period of time commencing with
      termination of the Employee’s employment as a result of Involuntary Termination
      at any time within a Change of Control Protection Period and ending with the
      date ______ months following the date of the Employee’s Involuntary
      Termination.

     

    (e)  “Code”
      shall mean the Internal Revenue Code of 1986, as amended.

     

    (f)  “Involuntary
      Termination” shall mean (i) the failure of a successor or an acquiring
      company to offer the Employee the position held by Employee on the date of
      this
      Agreement (or, if higher, a subsequent position of the Employee) with the
      successor or acquiring company following a Change of Control; (ii) without
      the
      Employee’s express written consent, a substantial reduction, without good
      business reasons, of the rights, privileges and perquisites available to the
      Employee immediately prior to such reduction; (iii) without the Employee’s
      express written consent, a material diminution in the authority,
      responsibilities, duties or reporting lines held or possessed by the Employee
      prior to the Change of Control; (iv) without the Employee’s express written
      consent, a reduction by the Company of the Employee’s base salary or target
      bonus as in effect immediately prior to such reduction; (v) without the
      Employee’s express written consent, a material reduction by the Company in the
      kind or level of employee benefits to which the Employee is entitled immediately
      prior to such reduction with the result that the Employee’s overall benefits
      package is significantly reduced; (vi) without the Employee’s express written
      consent, the relocation of the regular offices of the Employee to a facility
      or
      a location more than thirty (30) miles further from the Employee’s current
      location (unless such new facility or location is closer to the Employee’s
      residence); (vii) any purported termination of the Employee by the Company
      which
      is not effected for Cause or for which the grounds relied upon are not valid;
      or
      (viii) the failure of the Company to obtain the assumption of this Agreement
      by
      any successors contemplated in Section 7 below.

     

    2.  Term
      of Agreement.  This Agreement shall terminate upon the date that
      all obligations of the parties hereto under this Agreement have been satisfied
      or, if earlier, on the date, prior to a Change of Control Protection Period,
      the
      Employee is no longer employed by the Company.

     

    3.  At-Will
      Employment.  The Company and the Employee acknowledge that the
      Employee’s employment is and shall continue to be at-will, as defined under
      applicable law.  If the Employee’s employment terminates for any
      reason, the Employee shall not be entitled to any payments, benefits, damages,
      awards or compensation other than as provided by this Agreement or the Existing
      Agreement or as may otherwise be established under the Company’s then existing
      employee benefit plans or policies at the time of termination.

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    

     

    4.  Change
      of Control and Severance Benefits.

     

    (a)  Option
      Acceleration and Extended Exercise Period.  If the Employee’s
      employment with the Company terminates as a result of an Involuntary Termination
      at any time within a Change of Control Protection Period, then the
      exercisability of all options granted to the Employee by the Company (including
      any such options granted or assumed by the surviving or continuing entity of
      the
      Change of Control) and still outstanding (the “Options”) shall
      automatically be accelerated so that all the Options may be exercised
      immediately upon such Involuntary Termination for any or all of the shares
      subject thereto and the post-termination exercise period of each Option shall
      be
      extended to sixty (60) months (but in no event beyond the remainder of the
      maximum term of the Option).  The Options shall continue to be subject
      to all other terms and conditions of the Company’s share option plans and the
      applicable option agreements between the Employee and the Company.

     

    (b)  Outplacement
      Program.  If the Employee’s employment with the Company terminates
      as a result of an Involuntary Termination at any time within a Change of Control
      Protection Period, the Employee will immediately become entitled to participate
      in a twelve (12) month executive outplacement program provided by an executive
      outplacement service, at the Company’s expense not to exceed fifteen thousand
      dollars ($15,000).

     

    (c)  Termination
      Following a Change of Control.

     

    (i)  Cash
      Severance Payment Upon Involuntary Termination.  If the Employee’s
      employment with the Company terminates as a result of an Involuntary Termination
      at any time within a Change of Control Protection Period, then the Employee
      shall be entitled to receive a severance payment equal to the sum of (A) an
      amount equal to [   ] times the Employee’s annual base salary as
      in effect immediately prior to the Involuntary Termination, plus (B) an amount
      equal to [   ] times Employee’s target bonus as in effect for the
      fiscal year in which the Involuntary Termination occurs.  Such
      severance payments shall be in lieu of any other severance payment to which
      the
      Employee shall be entitled as a result of such termination pursuant to this
      Agreement, any employment agreement with or offer letter from the Company or
      any
      of its affiliates or the Company’s or any of its affiliate’s then existing
      severance plans and policies.  The severance payment described in
      Section 4(c)(i)(A) shall be paid in monthly installments over
      [               ]
      months, beginning within thirty (30) days of the termination.  The
      severance payment described in Section 4(c)(i)(B) shall be paid in a lump sum
      within thirty (30) days of the termination.

     

    (ii)  Provision
      of Group Health and Certain Other Benefits.  In addition, during a
      period of
      [                 ]
      months following the termination of Employee’s employment as a result of an
      Involuntary Termination at any time within a Change of Control Protection
      Period, (A) the Company shall make available and pay for the full cost of the
      coverage (plus an additional amount to pay for the taxes on such payments,
      if
      any, plus any taxes on such additional amount, such amount to be paid no later
      than ten (10) days prior to the date such taxes are due) of the Employee and
      Employee’s spouse and eligible dependents

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

    under
      any
      group health plans of the Company on the date of such termination of employment
      at the same level of health (i.e., medical, vision and dental) coverage and
      benefits as in effect for the Employee or such covered dependents on the date
      immediately preceding the date of the Employee’s termination; provided,
however, that (1) the Employee and Employee’s spouse and eligible
      dependents each constitutes a qualified beneficiary, as defined in Section
      4980B(g)(1) of the Internal Revenue Code of 1986, as amended; and (2) the
      Employee elects continuation coverage pursuant to the Consolidated Omnibus
      Budget Reconciliation Act of 1985, as amended (“COBRA”), within the time period
      prescribed pursuant to COBRA; and (B) if Employee is, at the time of such
      termination, an eligible participant in the Company’s mortgage differential
      program, the Company shall continue to make mortgage assistance payments to
      Employee pursuant to such program as in effect at the time of such
      termination.  Notwithstanding the foregoing, the payments by the
      Company for such group health coverage and/or mortgage assistance, as
      applicable, shall cease prior to the expiration of the
      [                ]
      month period in this Section 4(c)(ii) upon the employment of the Employee by
      another employer.  Furthermore, if, at the time of the termination of
      Employee’s employment as a result of an Involuntary Termination at any time
      within a Change of Control Protection Period, Employee is the obligor of a
      “forgivable” loan (i.e., a loan which by its terms is to be considered forgiven
      by the Company and paid by the obligor in circumstances other than actual
      repayment) from the Company, then, notwithstanding any provisions of such loan
      to the contrary, such loan shall remain outstanding, and the forgiveness thereof
      shall continue, for a period of
      [                ]
      months following such termination in accordance with the terms of such loan
      in
      effect at the time of such termination; provided, however, that at the
      end of such period of
      [             ]
      months, the outstanding balance of such loan shall be immediately due and
      payable, together with any accrued and unpaid interest thereon.

     

    (iii)  Section
      409A of the Code.  Notwithstanding the foregoing clauses (i) and
      (ii), to the extent any of the severance payments, mortgage assistance payments
      or loan forgiveness referred to therein, or any taxes payable on the health
      benefits referred to therein, would be deemed made in connection with a
“separation from service” within the meaning of the term in Section
      409A(a)(2)(A)(i) of the Code to a “specified employee” within the meaning of the
      term in Section 409A(a)(2)(B(i) of the Code, and not exempt from the
      requirements of Section 409A of the Code, then such payments or forgiveness,
      as
      the case may be, shall be postponed until six (6) months following the
      Employee’s termination from employment as required by Section 409A of the Code,
provided, however, if prior to the expiration of such six-month
      period, the Employee dies, then such payments or forgiveness, as the case may
      be, shall commence prior to expiration of the six month period according to
      the
      original payment schedule for such payments to the extent permitted by Section
      409A of the Code.  Thus, for example, if the provision in the
      preceding sentence applies, the first six (6) monthly installments of the
      severance payments provided for in clause (i) above shall be paid immediately
      following the six (6) month period in a lump sum and the seventh (7th) through
      [               ]
      installments shall be paid according to their original schedule provided that
      the Employee does not die during such six-month period.

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

    

     

    (iv)  Voluntary
      Resignation or Termination for Cause.  If the Employee’s
      employment with the Company terminates as a result of the Employee’s voluntary
      resignation which is not an Involuntary Termination or if the Employee is
      terminated for Cause at any time after a Change of Control, then the Employee
      shall not be entitled to receive severance or other benefits hereunder, but
      may
      be eligible for those benefits (if any) as may then be established under the
      Company’s then existing severance and benefits plans and policies at the time of
      such termination.

     

    (d)  Disability
      or Death.  If the Employee’s employment with the Company
      terminates due to the Employee’s death or disability following a Change of
      Control, then the Employee shall not be entitled to receive severance or other
      benefits hereunder, except for those (if any) as may be then established under
      the Company’s then existing severance and benefits plans and policies at the
      time of such disability or death.  In the event of the Employee’s
      death or disability after the termination of the Employee’s employment with the
      Company as a result of an Involuntary Termination within a Change of Control
      Protection Period, the Employee’s personal or legal representatives, executors,
      administrators, successors, heirs, distributees, devisees and legatees shall
      be
      entitled to receive severance or other benefits hereunder.

     

    (e)  Accrued
      Wages and Vacation; Expenses.  Without regard to the reason for,
      or the timing of, the Employee’s termination of employment (and without
      duplication of any similar benefits under any employment agreement with the
      Company or any of its affiliates):  (i) the Company shall pay the
      Employee any unpaid base salary due for periods prior to the date of
      termination; (ii) the Company shall pay the Employee all of the Employee’s
      accrued and unused vacation through the date of termination; and (iii) following
      submission of proper expense reports by the Employee, the Company shall
      reimburse the Employee for all expenses reasonably and necessarily incurred
      by
      the Employee in connection with the business of the Company prior to the date
      of
      termination.  These payments shall be made promptly upon termination,
      within the period of time mandated by law, and in no event later than ten (10)
      days after the date of termination.

     

    5.  Conditional
      Nature of Severance Payments.

     

    (a)  Non-Compete.  The
      Employee shall not, to the detriment of the Company or any of its affiliates,
      disclose or reveal to any unauthorized person any trade secret or other
      confidential information relating to the Company or its affiliates or to any
      businesses operated by them, and the Employee confirms that such information
      constitutes the exclusive property of the Company. The Employee shall not
      otherwise act or conduct her/himself to the material detriment of the Company
      or
      its affiliates, or in a manner which is inimical or contrary to the interests
      thereof, and, for a period of twenty-four (24) months following the termination
      of Employee’s employment as a result of an Involuntary Termination at any time
      within a Change of Control Protection Period, shall not, directly or indirectly,
      engage in or render any service (whether to a person, firm or business) in
      direct competition with the Company; provided, however, that the
      Employee’s ownership of less than five percent (5%) of the outstanding stock of
      a corporation shall not itself be deemed to constitute such competition. The
      Employee

     

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

    recognizes
      that the possible restrictions on her/his activities which may occur as a result
      of her/his performance of her/his obligations under this Section 5(a) are
      required for the reasonable protection of the Company and its
      investments.  For purposes hereof, “in direct competition” means
      engaged in the research, development and/or production of biological materials
      intended for use as therapeutic, prophylactic or diagnostic products in one
      or
      more of the same indications, and that utilize one or more of the same
      scientific bases (e.g., in the case of a therapeutic antibody, targets the
      same
      signal initiating pathway), as a product or product candidate the research,
      development and/or production of which is an active part of the Company’s
      business plan at the time of Employee’s termination.

     

    (b)  Non-Disparagement.  The
      Employee and the Company agree to refrain from any defamation, libel or slander
      of the other and its respective officers, directors, employees, representatives,
      investors, shareholders, administrators, affiliates, divisions, subsidiaries,
      predecessor and successor corporations and assigns or tortious interference
      with
      the contracts and relationships of the other and its respective officers,
      directors, employees, representatives, investors, shareholders, administrators,
      affiliates, divisions, subsidiaries, predecessor and successor corporations
      and
      assigns.

     

    (c)  Understanding
      of Covenants.  The Employee represents that the Employee (i) is
      familiar with the foregoing covenants not to compete and not to disparage,
      and
      (ii) is fully aware of the Employee’s obligations hereunder, including, without
      limitation, the reasonableness of the length of time, scope and geographic
      coverage of the covenant not to compete.

     

    6.  Golden
      Parachute Excise Tax.  In the event that the benefits provided for
      in this Agreement or otherwise payable to the Employee constitute “parachute
      payments” within the meaning of Section 280G of the Internal Revenue Code of
      1986, as amended (the “Code”) that are subject to the excise tax imposed
      by Section 4999 of the Code (the “Excise Tax”), then the Employee shall
      receive (i) a one-time payment from the Company sufficient to pay such excise
      tax (the “Excise Tax Gross-Up”), and (ii) an additional one-time payment
      from the Company sufficient to pay the additional excise tax and federal, state
      and local income and employment taxes arising from the Excise Tax Gross-Up
      made
      by the Company to the Employee pursuant to this Section 6 (the “Additional
      Gross-Up”).  Unless the Company and the Employee otherwise agree
      in writing, the determination of the Employee’s excise tax liability and the
      amount required to be paid under this Section 6 shall be made in writing in
      good
      faith by the accounting firm serving as the Company’s independent public
      accountants immediately prior to the Change of Control (the
“Accountants”).  The initial Excise Tax Gross-Up and Additional
      Gross-Up payments hereunder, if any, shall either be (x) paid to the Employee
      no
      later than ten (10) days prior to the due date for the payment of any excise
      tax, or (y) paid to the Internal Revenue Service on behalf of the Employee
      no
      later than the due date for the payment of any excise tax.  In the
      event that the Excise Tax incurred by the Employee is determined by the Internal
      Revenue Service to be greater or lesser than the amount so determined by the
      Accountants, the Company and the Employee agree to promptly (but in no event
      later than the end of the calendar year in which the applicable taxes are paid
      to (or received from) the Internal Revenue Service) make such additional
      payment,

     

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

    including
      interest and any tax penalties, to the other party as the Accountants reasonably
      determine is appropriate.  For purposes of making the calculations
      required by this Section 6, the Accountants may make reasonable assumptions
      and
      approximations concerning applicable taxes and may rely on interpretations
      concerning the application of the Code for which there is a “substantial
      authority” tax reporting position.  The Company and the Employee shall
      furnish to the Accountants such information and documents as the Accountants
      may
      reasonably request in order to make a determination under this Section
      6.  The Company shall bear all costs the Accountants may reasonably
      incur in connection with any calculations contemplated by this Section
      6.

     

    7.  Successors.

     

    (a)  Company’s
      Successors.  Any successor to the Company (whether direct or
      indirect and whether by purchase, lease, merger, amalgamation, consolidation,
      liquidation or otherwise) to all or substantially all of the Company’s business
      and/or assets shall assume the Company’s obligations under this Agreement and
      agree expressly to perform the Company’s obligations under this Agreement in the
      same manner and to the same extent as the Company would be required to perform
      such obligations in the absence of a succession.  For all purposes
      under this Agreement, the term “Company” shall include any successor to the
      Company’s business and/or assets which executes and delivers the assumption
      agreement described in this subsection (a) or which becomes bound by the terms
      of this Agreement by operation of law.

     

    (b)  Employee’s
      Successors.  Without the written consent of the Company, the
      Employee shall not assign or transfer this Agreement or any right or obligation
      under this Agreement to any other person or entity.  Notwithstanding
      the foregoing, the terms of this Agreement and all rights of the Employee
      hereunder shall inure to the benefit of, and be enforceable by, the Employee’s
      personal or legal representatives, executors, administrators, successors, heirs,
      distributees, devisees and legatees.

     

    8.  Notices.

     

    (a)  General.  Notices
      and all other communications contemplated by this Agreement shall be in writing
      and shall be deemed to have been duly given when personally delivered or when
      mailed by U.S. registered or certified mail, return receipt requested and
      postage prepaid.  In the case of the Employee, mailed notices shall be
      addressed to the Employee at the home address that the Employee most recently
      communicated to the Company in writing.  In the case of the Company,
      mailed notices shall be addressed to its corporate headquarters, and all notices
      shall be directed to the attention of its Secretary.

     

    (b)  Notice
      of Termination.  Any termination by the Company for Cause or by
      the Employee as a result of a voluntary resignation or an Involuntary
      Termination shall be communicated by a notice of termination to the other party
      hereto given in accordance with this Section 8.  Such notice shall
      indicate the specific termination provision in this Agreement relied upon,
      shall
      set forth in reasonable detail the facts and circumstances claimed to provide
      a
      basis for termination under the provision so indicated.  The
      failure

     

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

    by
      the
      Employee to include in the notice any fact or circumstance which contributes
      to
      a showing of Involuntary Termination shall not waive any right of the Employee
      hereunder or preclude the Employee from asserting such fact or circumstance
      in
      enforcing the Employee’s rights hereunder.

     

    9.  Execution
      of Release Agreement Upon Termination.  As a condition of entering
      into this Agreement and receiving the benefits under Section 4, the Employee
      agrees to execute and not revoke a release of claims agreement substantially
      in
      the form attached hereto as Exhibit A upon the termination of the
      Employee’s employment with the Company.  Such release shall not,
      however, apply to the rights and claims of the Employee under this Agreement,
      any indemnification agreement between the Employee and the Company (or its
      successor or acquirer), the bye-laws of the Company (or its successor or
      acquirer), the share award agreements between the Employee and the Company
      (or
      its successor or acquirer), or any employee benefit plan of which the Employee
      is a participant and under which all benefits due under such plan have not
      yet
      been paid or provided.

     

    10.  Arbitration.

     

    (a)  Any
      dispute or controversy arising out of, relating to, or in connection with this
      Agreement, or the interpretation, validity, construction, performance, breach,
      or termination thereof, shall be settled by binding arbitration to be held
      in
      San Francisco or Alameda County, California, in accordance with the National
      Rules for the Resolution of Employment Disputes then in effect of the American
      Arbitration Association (the “Rules”).  The cost of the
      arbitration shall be borne in full by the Company (or its successor or acquirer)
      but each of the Employee and the Company (or its successor or acquirer) shall
      bear his, her or its own legal fees and other cost in such arbitration subject
      to a possible award of attorneys fees and costs by the arbitrator as provided
      in
      the arbitration ruling.  The arbitrator may grant injunctions or other
      relief in such dispute or controversy.  The decision of the arbitrator
      shall be final, conclusive and binding on the parties to the
      arbitration.  Judgment may be entered on the arbitrator’s decision in
      any court having jurisdiction.

     

    (b)  The
      arbitrator(s) shall apply California law to the merits of any dispute or claim,
      without reference to conflicts of law rules.  The arbitration
      proceedings shall be governed by federal arbitration law and by the Rules,
      without reference to state arbitration law.  The Employee hereby
      consents to the personal jurisdiction of the state and federal courts located
      in
      California for any action or proceeding arising from or relating to this
      Agreement or relating to any arbitration in which the parties are
      participants.

     

    (c)  The
      Employee understands that nothing in this Section 10 modifies the Employee’s
      at-will employment status.  Either the Employee or the Company can
      terminate the employment relationship at any time, with or without
      cause.

     

    (d)  THE
      EMPLOYEE HAS READ AND UNDERSTANDS THIS SECTION, WHICH DISCUSSES
      ARBITRATION.  THE EMPLOYEE UNDERSTANDS THAT

     

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

    SUBMITTING
      ANY CLAIMS ARISING OUT OF, RELATING TO, OR IN CONNECTION WITH THIS AGREEMENT,
      OR
      THE INTERPRETATION, VALIDITY, CONSTRUCTION, PERFORMANCE, BREACH OR TERMINATION
      THEREOF TO BINDING ARBITRATION TO THE EXTENT PERMITTED BY LAW, AND THAT THIS
      ARBITRATION CLAUSE CONSTITUTES A WAIVER OF THE EMPLOYEE’S RIGHT TO A JURY TRIAL
      AND RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO ALL ASPECTS OF THE
      EMPLOYER/EMPLOYEE RELATIONSHIP, INCLUDING BUT NOT LIMITED TO, THE FOLLOWING
      CLAIMS:

     

    (i)           ANY
      AND ALL CLAIMS FOR WRONGFUL DISCHARGE OF EMPLOYMENT; BREACH OF CONTRACT, BOTH
      EXPRESS AND IMPLIED; BREACH OF THE COVENANT OF GOOD FAITH AND FAIR DEALING,
      BOTH
      EXPRESS AND IMPLIED; NEGLIGENT OR INTENTIONAL INFLICTION OF EMOTIONAL DISTRESS;
      NEGLIGENT OR INTENTIONAL MISREPRESENTATION; NEGLIGENT OR INTENTIONAL
      INTERFERENCE WITH CONTRACT OR PROSPECTIVE ECONOMIC ADVANTAGE; AND
      DEFAMATION.

     

    (ii)           ANY
      AND ALL CLAIMS FOR VIOLATION OF ANY FEDERAL STATE OR MUNICIPAL STATUTE,
      INCLUDING, BUT NOT LIMITED TO, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, THE
      CIVIL RIGHTS ACT OF 1991, THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967,
      THE
      AMERICANS WITH DISABILITIES ACT OF 1990, THE FAIR LABOR STANDARDS ACT, THE
      CALIFORNIA FAIR EMPLOYMENT AND HOUSING ACT, AND LABOR CODE SECTION 201, et
      seq;

     

    (iii)           ANY
      AND ALL CLAIMS ARISING OUT OF ANY OTHER LAWS AND REGULATIONS RELATING TO
      EMPLOYMENT OR EMPLOYMENT DISCRIMINATION.

     

    11.  Miscellaneous
      Provisions.

     

    (a)  Mitigation.  The
      Employee shall not be required to mitigate the amount of any payment
      contemplated by this Agreement, nor shall any such payment be reduced by any
      earnings that the Employee may receive from any other
      source.  However, the Employee shall not be entitled to receive the
      health coverage and benefits contemplated by this Agreement in the event that
      the Employee receives similar health coverage and benefits as a result of new
      employment during the Compensation Continuation Period.

     

    (b)  Waiver.  No
      provision of this Agreement may be modified, waived or discharged unless the
      modification, waiver or discharge is agreed to in writing and signed by the
      Employee and by an authorized officer of the Company (other than the
      Employee).  No waiver by either party of any breach of, or of
      compliance with, any condition or provision of this Agreement by the other
      party
      shall be considered a waiver of any other condition or provision or of the
      same
      condition or provision at another time.

     

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

    

     

    (c)  Integration.  This
      Agreement represents the entire agreement and understanding between the parties
      with respect to the subject matter herein but shall not supersede any employment
      agreement between the Company or any of its affiliates and the Employee, any
      indemnification agreement between the Employee and the Company (or its successor
      or acquirer), the share award agreements between the Employee and the Company
      (or its successor or acquirer), or any employee benefit plan of which the
      Employee is a participant and under which all benefits due under such plan
      have
      not yet been paid or provided.

     

    (d)  Choice
      of Law.  The validity, interpretation, construction and
      performance of this Agreement shall be governed by the internal substantive
      laws, but not the conflicts of law rules, of the State of
      California.

     

    (e)  Severability.  The
      invalidity or unenforceability of any provision or provisions of this Agreement
      shall not affect the validity or enforceability of any other provision hereof,
      which shall remain in full force and effect.

     

    (f)  Tax
      Withholdings.  All payments made pursuant to this Agreement shall
      be subject to withholding of applicable income and employment
      taxes.

     

    (g)  Compliance
      with Section 409A of the Code.  It is intended that this Agreement
      will comply with Section 409A of the Code (and any regulations and guidelines
      issued thereunder) to the extent the Agreement is subject thereto, and the
      Agreement shall be interpreted on the basis consistent with such
      intent.

     

    (h)  Counterparts.  This
      Agreement may be executed in counterparts, each of which shall be deemed an
      original, but all of which together will constitute one and the same
      instrument.

     

    IN
      WITNESS WHEREOF, each of the parties has executed this Agreement, in the case
      of
      the Company by its duly authorized officer, as of the day and year first above
      written.

     

    
      	
              COMPANY:

            	
              XOMA
                LTD.

            
	 	 
	 	 
	 	
              By: 
                _____________________________

            
	 	
                     
                Name:  _______________________

            
	 	
                     
                [Independent Director or CEO]

            
	 	 
	 	________________________________
	
              EMPLOYEE:

            	
              Name
                

            

    

    

    
      
         

      

      
        -11-

        
          

        

      

      
         

      

    

    EXHIBIT
      A

     

    

     

    

     

    FORM
      RELEASE OF CLAIMS AGREEMENT

     

    This
      Release of Claims Agreement (this “Agreement”) is made and entered into
      by and between XOMA Ltd. (the “Company”) and ________ (the
“Employee”).

     

    WHEREAS,
      the Employee was employed by the Company; and

     

    WHEREAS,
      the Company and the Employee have entered into a Change of Control Severance
      Agreement effective as of ________, 2007 (the “Severance
      Agreement”).

     

    NOW
      THEREFORE, in consideration of the mutual promises made herein and other good
      and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the Company and the Employee (collectively referred to as the
      “Parties”) desiring to be legally bound do hereby agree as
      follows:

     

    1.  Termination.  The
      Employee’s employment with the Company terminated on ___________,
      20__.

     

    2.  Consideration.  Subject
      to and in consideration of the Employee’s release of claims as provided herein,
      the Company has agreed to pay the Employee certain benefits and the Employee
      has
      agreed to provide certain benefits to the Company, both as set forth in the
      Severance Agreement.

     

    3.  Release
      of Claims.  The Employee agrees that the foregoing consideration
      represents settlement in full of all currently outstanding obligations owed
      to
      the Employee by the Company.  The Employee, on the Employee’s own
      behalf and the Employee’s respective heirs, family members, executors and
      assigns, hereby fully and forever releases the Company and its past, present
      and
      future officers, agents, directors, employees, investors, shareholders,
      administrators, affiliates, divisions, subsidiaries, parents, predecessor and
      successor corporations, and assigns, from, and agrees not to sue or otherwise
      institute or cause to be instituted any legal or administrative proceedings
      concerning any claim, duty, obligation or cause of action relating to any
      matters of any kind, whether presently known or unknown, suspected or
      unsuspected, that the Employee may possess arising from any omissions, acts
      or
      facts that have occurred up until and including the Effective Date (as defined
      below) of this Agreement including, without limitation:

     

    (a)  any
      and
      all claims relating to or arising from the Employee’s employment relationship
      with the Company and the termination of that relationship;

     

    (b)  any
      and
      all claims relating to, or arising from, the Employee’s right to purchase, or
      actual purchase of shares of the Company, including, without limitation, any
      claims for fraud, misrepresentation, breach of fiduciary duty,

     

    
      
         

      

      
        A-1

        
          

        

      

      
         

      

    

    breach
      of
      duty under applicable state corporate law and securities fraud under any state
      or federal law;

     

    (c)  any
      and
      all claims for wrongful discharge of employment, termination in violation of
      public policy, discrimination, breach of contract (both express and implied),
      breach of a covenant of good faith and fair dealing (both express and implied),
      promissory estoppel, negligent or intentional infliction of emotional distress,
      negligent or intentional misrepresentation, negligent or intentional
      interference with contract or prospective economic advantage, unfair business
      practices, defamation, libel, slander, negligence, personal injury, assault,
      battery, invasion of privacy, false imprisonment and conversion;

     

    (d)  any
      and
      all claims for violation of any federal, state or municipal statute, including,
      but not limited to, Title VII of the Civil Rights Act of 1964, the Civil Rights
      Act of 1991, the Age Discrimination in Employment Act of 1967, the Americans
      with Disabilities Act of 1990, the Fair Labor Standards Act, the Employee
      Retirement Income Security Act of 1974, The Worker Adjustment and Retraining
      Notification Act, the California Fair Employment and Housing Act, and Labor
      Code
      Section 201, et seq. and Section 970, et seq. and all
      amendments to each such Act as well as the regulations issued
      thereunder;

     

    (e)  any
      and
      all claims for violation of the federal or any state constitution;

     

    (f)  any
      and
      all claims arising out of any other laws and regulations relating to employment
      or employment discrimination; and

     

    (g)  any
      and
      all claims for attorneys’ fees and costs.

     

    The
      Employee agrees that the release set forth in this Section 4 shall be and remain
      in effect in all respects as a complete general release as to the matters
      released.  Notwithstanding the foregoing, this release does not extend
      to any obligations now or subsequently incurred under this Agreement, the
      Severance Agreement, the Indemnification Agreement between the Employee and
      the
      Company (or its successor or acquirer), the outstanding share award agreements
      between the Employee and the Company (or its successor or acquirer), or any
      employee benefit plan of which the Employee is a participant and under which
      all
      benefits due under such plan have not yet been paid or provided.

     

    4.  Acknowledgment
      of Waiver of Claims under ADEA.  The Employee acknowledges that
      the Employee is waiving and releasing any rights the Employee may have under
      the
      Age Discrimination in Employment Act of 1967 (“ADEA”) and that this waiver and
      release is knowing and voluntary.  The Employee and the Company agree
      that this waiver and release does not apply to any rights or claims that may
      arise under the ADEA after the Effective Date of this Agreement.  The
      Employee acknowledges that the consideration given for this waiver and release
      agreement is in addition to anything of value to which the Employee was already
      entitled.  The Employee further acknowledges

     

    
      
         

      

      
        A-2

        
          

        

      

      
         

      

    

    that
      the
      Employee has been advised by this writing that (a) the Employee should consult
      with an attorney prior to executing this Agreement; (b) the Employee has
      at least twenty-one (21) days within which to consider this Agreement; (c)
      the
      Employee has seven (7) days following the execution of this Agreement by the
      Parties to revoke the Agreement; and (d) this Agreement shall not be effective
      until the revocation period has expired.  Any revocation should be in
      writing and delivered to the Company by the close of business on the seventh
      (7th) day from
      the date that the Employee signs this Agreement.

     

    5.  Civil
      Code Section 1542.  The Employee represents that the Employee is
      not aware of any claims against the Company other than the claims that are
      released by this Agreement.  The Employee acknowledges that the
      Employee has been advised by legal counsel and is familiar with the provisions
      of California Civil Code Section 1542, which provides as follows:

     

    A
      GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW
      OR
      SUSPECT TO EXIST IN HER OR HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE,
      WHICH
      IF KNOWN BY HER OR HIM MUST HAVE MATERIALLY AFFECTED HER OR HIS SETTLEMENT
      WITH
      THE DEBTOR.

     

    The
      Employee, being aware of said code section, agrees to expressly waive any rights
      the Employee may have thereunder, as well as under any other statute or common
      law principles of similar effect.

     

    6.  No
      Pending or Future Lawsuits.  The Employee represents that the
      Employee has no lawsuits, claims or actions pending in the Employee’s name, or
      on behalf of any other person or entity, against the Company or any other person
      or entity referred to herein.  The Employee also represents that the
      Employee does not intend to bring any claims on the Employee’s own behalf or on
      behalf of any other person or entity against the Company or any other person
      or
      entity referred to herein except, if necessary, with respect to the agreements
      listed in the last sentence of Section 4 of this Agreement.

     

    7.  Confidentiality.  The
      Employee agrees to use the Employee’s best efforts to maintain in confidence the
      existence of this Agreement, the contents and terms of this Agreement, and
      the
      consideration for this Agreement (hereinafter collectively referred to as
“Release Information”).  The Employee agrees to take every reasonable
      precaution to prevent disclosure of any Release Information to third parties
      and
      agrees that there will be no publicity, directly or indirectly, concerning
      any
      Release Information.  The Employee agrees to take every precaution to
      disclose Release Information only to those attorneys, accountants, governmental
      entities and family members who have a reasonable need to know of such Release
      Information.

     

    8.  No
      Adverse Cooperation.  The Employee agrees the Employee will not
      act in any manner that might damage the business of the Company.  The
      Employee agrees

     

    
      
         

      

      
        A-3

        
          

        

      

      
         

      

    

    that
      the
      Employee will not counsel or assist any attorneys or their clients in the
      presentation or prosecution of any disputes, differences, grievances, claims,
      charges or complaints by any third party against the Company and/or any officer,
      director, employee, agent, representative, shareholder or attorney of the
      Company, unless compelled under a subpoena or other court order to do
      so.

     

    9.  Costs.  The
      Parties shall each bear their own costs, expert fees, attorneys’ fees and other
      fees incurred in connection with this Agreement.

     

    10.  Authority.  The
      Company represents and warrants that the undersigned has the authority to act
      on
      behalf of the Company and to bind the Company and all who may claim through
      it
      to the terms and conditions of this Agreement.  The Employee
      represents and warrants that the Employee has the capacity to act on the
      Employee’s own behalf and on behalf of all who might claim through the Employee
      to bind them to the terms and conditions of this Agreement.

     

    11.  No
      Representations.  The Employee represents that the Employee has
      had the opportunity to consult with an attorney, and has carefully read and
      understands the scope and effect of the provisions of this
      Agreement.  Neither party has relied upon any representations or
      statements made by the other party hereto which are not specifically set forth
      in this Agreement.

     

    12.  Severability.  In
      the event that any provision hereof becomes or is declared by a court of
      competent jurisdiction to be illegal, unenforceable or void, this Agreement
      shall continue in full force and effect without said provision.

     

    13.  Entire
      Agreement.  This Agreement and the Severance Agreement and the
      agreements and plans referenced therein represent the entire agreement and
      understanding between the Company and the Employee concerning the Employee’s
      separation from the Company, and supersede and replace any and all prior
      agreements and understandings concerning the Employee’s relationship with the
      Company and the Employee’s compensation by the Company.  This
      Agreement may only be amended in writing signed by the Employee and an executive
      officer of the Company.

     

    14.  Governing
      Law.  This Agreement shall be governed by the internal substantive
      laws, but not the choice of law rules, of the State of California.

     

    15.  Effective
      Date.  This Agreement is effective eight (8)
      days after it has been signed by the Parties (the “Effective Date”) unless it is
      revoked by the Employee within seven (7) days of the execution of this Agreement
      by the Employee.

     

    16.  Counterparts.  This
      Agreement may be executed in counterparts, and each counterpart shall have
      the
      same force and effect as an original and shall constitute an effective, binding
      agreement on the part of each of the undersigned.

     

    17.  Voluntary
      Execution of Agreement.  This Agreement is executed voluntarily
      and without any duress or undue influence on the part or behalf of the Parties
      hereto, with the full intent of releasing all claims.  The Parties
      acknowledge that:

     

    
      
         

      

      
        A-4

        
          

        

      

      
         

      

    

    

     

    (a)  they
      have
      read this Agreement;

     

    (b)  they
      have
      been represented in the preparation, negotiation and execution of this Agreement
      by legal counsel of their own choice or that they have voluntarily declined
      to
      seek such counsel;

     

    (c)  they
      understand the terms and consequences of this Agreement and of the releases
      it
      contains; and

     

    (d)  they
      are
      fully aware of the legal and binding effect of this Agreement.

     

    IN
      WITNESS WHEREOF, the Parties have executed this Agreement on the respective
      dates set forth below.

     

    
      	
              XOMA
                LTD.

            
	 
	 
	
              By: 
                ______________________________

            
	 
	
              Title: 
                _____________________________

            
	 
	
              Date: 
                _____________________________

            
	 
	 
	
              EMPLOYEE

            
	
              _____________________________

              Name 
                

            
	 
	
              Date: 
                ____________________________

            

    

    

    
      
         

      

      
        A-5

        
          

        

      

      
         

      

    

    Terms
      of
      Individual Executive Officer Change of Control Severance Agreements

    (to
      be
      read in conjunction with Form of Change of Control Severance
      Agreement)

     

    
      	
              Name

            	
              Paragraph
                1(d)

            	
              Paragraph
                4(c)(i)

            	
              Paragraph
                4(c)(ii)

            
	 	 	 	 	 
	
              Patrick
                J. Scannon, MD, PhD

            	
              18
                months

            	
              1.5

            	
              18
                months

            	
              18
                months

            
	
              Christopher
                J. Margolin

            	
              18
                months

            	
              1.5

            	
              18
                months

            	
              18
                months

            
	
              J.
                David Boyle II

            	
              18
                months

            	
              1.5

            	
              18
                months

            	
              18
                months

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]