SEC Contract Filing

Filing Date: 2019-11-07

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>ctmx-ex104_562.htm
<DESCRIPTION>EX-10.4
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><img src="gxultspa5oia000001.jpg" title="" alt="" style="width:135px;height:81px;"></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.4</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:11pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">SEPARATION AGREEMENT</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.94%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Separation Agreement (the &#8220;<font style="text-decoration:underline;">Agreement</font>&#8221;) by and between Rachel Humphrey, M.D. (&#8220;<font style="text-decoration:underline;">Executive</font>&#8221;), and CytomX Therapeutics, Inc., a Delaware corporation (the &#8220;<font style="text-decoration:underline;">Company</font>&#8221;), is made effective as of the eighth (8th) day following the date Executive signs this Agreement if not revoked in accordance with Section 5(c)(iii) (the &#8220;<font style="text-decoration:underline;">Effective Date</font>&#8221;) with reference to the following facts:</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;text-indent:15.87%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A.<font style="margin-left:36pt;">Executive&#8217;s employment with the Company and status as an officer and employee of the Company and each of its affiliates will end effective upon August 19, 2019 (the &#8220;</font><font style="text-decoration:underline;">Termination Date</font>&#8221;).</p>
<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;text-indent:15.87%;font-size:11pt;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;text-indent:15.87%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">B.<font style="margin-left:36pt;">Executive and the Company are parties to that </font>certain Amended and Restated Severance and Change of Control Agreement dated as of March 25, 2019, as amended (the &#8220;<font style="text-decoration:underline;">Severance Agreement</font>&#8221;), and the offer letter agreement dated August 14, 2015, as amended (the &#8220;<font style="text-decoration:underline;">Offer Letter</font>&#8221;).</p>
<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;text-indent:15.87%;font-size:11pt;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;text-indent:15.87%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">C.<font style="margin-left:36pt;">Executive and the Company want to end their relationship amicably and also to establish the obligations of the parties including, without limitation, all amounts due and owing to the Executive.</font></p>
<p style="text-align:left;margin-bottom:0pt;margin-top:0pt;text-indent:15.87%;font-size:11pt;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.94%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth, the parties agree as follows:</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:12pt;margin-top:0pt;margin-left:2.98%;text-indent:15.87%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;"></font><font style="text-decoration:underline;">Termination Date</font>.&nbsp;&nbsp;Executive acknowledges and agrees that her status as an officer and employee of the Company shall end effective as of the Termination Date.&nbsp;&nbsp;Executive hereby agrees to execute such further document(s) as shall be determined by the Company as necessary or desirable to give effect to the termination of Executive&#8217;s status as an officer of the Company as of the Termination Date; <font style="font-style:italic;">provided</font>, that such documents shall not be inconsistent with any of the terms of this Agreement.&nbsp;&nbsp;</p>
<p style="margin-bottom:12pt;margin-top:0pt;margin-left:2.98%;text-indent:15.87%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.<font style="margin-left:36pt;"></font><font style="tex