SEC Contract Filing

Filing Date: 2022-11-10

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d419645dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EMPLOYMENT AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>EMPLOYMENT AGREEMENT</B> (&#147;<B>Agreement</B>&#148;) dated November&nbsp;10, 2022 between <B>BIOGEN INC.</B>, a Delaware corporation
(the &#147;<B>Company</B>&#148;), and Christopher A. Viehbacher (the &#147;<B>Executive</B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS,</B> the Company wishes to
employ the Executive to serve as the Company&#146;s President and Chief Executive Officer, and the Executive is willing to be employed and serve in such capacity; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS, </B>the Company and the Executive wish to set forth in this Agreement the terms and conditions upon which the Executive will be
employed; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Company is offering to provide fair and reasonable consideration to the Executive in exchange for the
covenants set forth herein which the Company otherwise would not provide. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>THEREFORE</B>, the Company and the Executive hereby agree as
follows, subject to Executive commencing employment on the Effective Date: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Employment, Duties and Acceptance</U></B> </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.1&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Employment; Duties</U></B><B>. </B>Effective on November&nbsp;14, 2022 (or such earlier start date as the
parties may mutually agree, the &#147;<B>Effective Date</B>&#148;), the Company hereby agrees to employ the Executive to render services to the Company in the capacity of President and Chief Executive Officer and to perform such other duties
consistent with such position (including service as a director or officer of any Affiliate of the Company) as may be assigned by the Board of Directors (the &#147;<B>Board</B>&#148;). The Executive&#146;s title shall be President and Chief Executive
Officer. The Executive shall have all of the duties and authorities customarily and ordinarily exercised by executives in such position at entities of the Company&#146;s size and nature. The Executive shall be assigned no duties or authorities that
are materially inconsistent with, or that materially impair the Executive&#146;s ability to discharge, the foregoing duties and authorities. The Executive shall be the most senior officer of the Company and shall report solely to the Board. All
other senior officers of the Company shall report directly to the Executive (unless otherwise determined by the Executive, or as required by applicable law or the principles of good corporate governance). The Company agrees (i)&nbsp;that the
Executive will be elected to the Board upon, or promptly following, the Effective Date and (ii)&nbsp;to nominate the Executive for <FONT STYLE="white-space:nowrap">re-election</FONT> to the Board at the expiration of each term of office during the
Term, and the Executive shall serve as a member of the Board for each period for which he is so elected. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.2&nbsp;&nbsp;&nbsp;&nbsp;<B><U>Acceptance</U></B><B>. </B>The Executive hereby accepts such employment and agrees to render the services
described above on an exclusive basis to the Company. During the Term, and consistent with Section&nbsp;1.1, the Executive agrees to serve the Company faithfully and to use the Executive&#146;s efforts, skill and ability to promote the interests of
the Company in a manner consistent with the Executive&#146;s position. The Executive also agrees to devote the Executive&#146;s entire business time, energy and skill to such employment, except for vacation time (as set forth in Section&nbsp;3.6),
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absence for sickness or similar disability; <U>provided</U> that the Executive may serve on one board of directors of a <FONT STYLE="white-space:nowrap">for-profit</FONT> company (in addition to
the Company) (subject to the prior vetting and consent of the Board with respect to the identity of the applicable company, which consent shall not be unreasonably withheld or delayed), manage personal investments and participate in charitable,
religious, or professional activities, so long as such activities do n