SEC Contract Filing

Filing Date: 2021-08-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>2
<FILENAME>srrk-20210630xex10d2.htm
<DESCRIPTION>EX-10.2
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.11.0.85--><!--Created on: 8/10/2021 09:00:09 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:right;margin:0pt;"><font style="font-size:14pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:11pt;text-align:center;margin:5.59pt 0pt 0pt 0pt;"><a name="_Hlk34398576"></a><b style="font-size:12pt;font-weight:bold;">SEPARATION AGREEMENT AND RELEASE</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;text-align:justify;text-indent:36pt;margin:9.8pt 0pt 0pt 0pt;"><font style="font-size:12pt;">This Separation Agreement and Release (&#8220;</font><u style="font-size:12pt;text-decoration:underline;text-decoration-color:#000000;">Agreement</u><font style="font-size:12pt;">&#8221;) is made between Scholar Rock, Inc., a Delaware corporation (the &#8220;</font><u style="font-size:12pt;text-decoration:underline;text-decoration-color:#000000;">Company</u><font style="font-size:12pt;">&#8221;) and Stuart A. Kingsley (the &#8220;</font><u style="font-size:12pt;text-decoration:underline;text-decoration-color:#000000;">Executive</u><font style="font-size:12pt;">&#8221;). &#160;The Company together with the Executive shall be referred to as the &#8220;</font><u style="font-size:12pt;text-decoration:underline;text-decoration-color:#000000;">Parties</u><font style="font-size:12pt;">&#8221;. Terms with initial capitalization not otherwise defined shall have the meanings ascribed to such terms in the Employment Agreement (as defined below). </font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;text-align:justify;margin:0.55pt 0pt 0pt 0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;text-align:justify;text-indent:36pt;margin:0pt;"><b style="font-size:12pt;font-weight:bold;">WHEREAS, </b><font style="font-size:12pt;">the Parties entered into an Employment Agreement dated as of July 14, 2020 (the &#8220;</font><u style="font-size:12pt;text-decoration:underline;text-decoration-color:#000000;">Employment Agreement</u><font style="font-size:12pt;">&#8221;);</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;text-align:justify;margin:0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt 0pt;"><b style="font-size:12pt;font-weight:bold;">WHEREAS, </b><font style="font-size:12pt;">pursuant to the Employment Agreement, the Company agreed to provide the Executive with certain severance pay and benefits (the &#8220;</font><u style="font-size:12pt;text-decoration:underline;text-decoration-color:#000000;">Severance Benefits</u><font style="font-size:12pt;">&#8221;) in the event of certain cessations of employment, subject to, among other things, the Executive entering into, not revoking and complying with a Separation Agreement and Release;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;text-align:justify;margin:0.3pt 0pt 0pt 0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;text-align:justify;text-indent:36pt;margin:0pt;"><b style="font-size:12pt;font-weight:bold;">WHEREAS, </b><font style="font-size:12pt;">the Executive&#8217;s employment with the Company is ending pursuant to Section 3(c) and Section 4(b) of the Employment Agreement effective July 29, 2021 (the &#8220;</font><u style="font-size:12pt;text-decoration:underline;text-decoration-color:#000000;">Date of Termination</u><font style="font-size:12pt;">&#8221;);</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;text-align:justify;margin:0.44pt 0pt 0pt 0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;text-align:justify;text-indent:36pt;margin:0pt;"><b style="font-size:12pt;font-weight:bold;">WHEREAS, </b><font style="font-size:12pt;">this Agreement is the Separation Agreement and Release referred to in the Employment Agreement;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;text-align:justify;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt 0pt;"><b style="font-size:12pt;font-weight:bold;">WHEREAS, </b><font style="font-size:12pt;">in exchange for, among other things, the Executive entering into and not revoking this Agreement and fully complying with the Continuing Obligations (as defined below), the Company shall provide the Executive with the Severance Benefits; and</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;text-align:justify;margin:0.5pt 0pt 0pt 0pt;"><font style="font-size:12pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;text-align:justify;text-indent:36pt;margin:0.05pt 0pt 0pt