SEC Contract Filing

Filing Date: 2021-03-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.19
<SEQUENCE>3
<FILENAME>pbyi-ex1019_197.htm
<DESCRIPTION>EX-10.19
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.19</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:6pt;">&nbsp;</p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">[***] Certain information in this document has been excluded pursuant to Regulation S-K, Item 601(b)(10). Such excluded information is not material and would likely cause competitive harm to the registrant if publicly disclosed.</p>
<p style="text-align:center;margin-bottom:48pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><img src="g5itxfhehtb4000001.jpg" title="" alt="" style="width:203px;height:68px;"></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">February 13, 2020</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Jeff J. Ludwig</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">via E-mail</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Re:<font style="margin-left:36pt;"></font><font style="font-variant: small-caps;">EMPLOYMENT OFFER LETTER</font></p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Dear Jeff:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Puma Biotechnology, Inc., a Delaware corporation (the &#8220;<font style="font-weight:bold;">Company</font>&#8221;) is pleased to offer you the Full-Time, Exempt position of <font style="font-weight:bold;">Chief Commercial Officer </font>of the Company, with terms as noted below. Please confirm your acceptance of this offer by signing and returning a copy of this letter on or before <font style="font-weight:bold;">Monday, February 17, 2020</font>:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;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="font-weight:bold;font-variant: small-caps;">Effective Date, Position, Duties And Responsibilities</font>. The terms will become effective on the date you start your employment (the &#8220;<font style="font-weight:bold;">Effective Date</font>&#8221;), which shall be no later than <font style="font-weight:bold;">Monday, March 16, 2020</font>. As of the Effective Date, the Company will employ you as its <font style="font-weight:bold;">Chief Commercial Officer</font>. In such capacity, you will have such duties and responsibilities as are normally associated with such position. Your duties may be changed from time to time by the Company in its discretion. You will report to the <font style="font-weight:bold;">President and CEO </font>of the Company or such other individual as the Company may designate, and will work at the Company&#8217;s offices located in Los Angeles<font style="font-weight:bold;">, </font>California, or such other location as the Company may designate, except for travel to other locations as may be necessary to fulfill your responsibilities. If your travel involves flying for less than two hours you will be permitted to fly economy-plus class. If your flight involves flying for more than two hours you will be permitted to fly business-class, (or, in a two-class aircraft, first-class) (in each case, as applicable). Although your initial title and duties are described above, the Company may assign you additional or different duties and/or titles from time-to-time.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;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="font-weight:bold;font-variant: small-caps;">Base Compensation</font>. During your employment with the Company, the Company will pay you a base salary at the rate of <font style="font-weight:bold;">$550,000 </font>per year (the &#8220;<font style="font-weight:bold;">Base Salary</font>&#8221;), less payroll deductions and all required withholdings, payable in installments in accordance with the Company&#8217;s normal payroll practices (but in no event less often than monthly) and prorated for any partial pay period of employment. Your Base Salary may be subject to adjustment pursuant to the Company&#8217;s policies as in effect from time to time.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent: