SEC Contract Filing

Filing Date: 2022-09-30

Document Content:
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<TYPE>EX-10.8
<SEQUENCE>10
<FILENAME>d375823dex108.htm
<DESCRIPTION>EX-10.8
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXHIBIT 10.8 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>EXECUTIVE TRANSITION AND SEPARATION AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Executive Transition and Separation Agreement (the &#147;<U>Agreement</U>&#148;) is made as of September&nbsp;29, 2022 (the
&#147;<U>Effective Date</U>&#148;) by and between Solid Biosciences Inc. (the &#147;<U>Company</U>&#148;) and Erin Powers Brennan (the &#147;<U>Executive</U>&#148;) (together, the &#147;<U>Parties</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>,<B> </B>the Company and the Executive are parties to the Employment Agreement dated as of March&nbsp;1, 2021 (the
&#147;<U>Employment Agreement</U>&#148;), under which the Executive currently serves as Chief Legal Officer of the Company; </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 has entered into an Agreement and Plan of Merger (the &#147;<U>Merger</U> <U>Agreement</U>&#148;) dated as of
September&nbsp;29, 2022, by and among the Company, Greenland Merger Sub LLC, AavantiBio, Inc. (&#147;<U>AavantiBio</U>&#148;), and Doug Swirsky, solely in his capacity as the equity holder representative, pursuant to which AavantiBio will continue
as a wholly owned subsidiary of the Company (such transaction, the &#147;<U>Transaction</U>&#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 Parties desire to
establish terms for the Executive&#146;s transition and separation from employment with the Company subject to, and contingent and effective upon, the closing of the Transaction (the &#147;<U>Closing</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, this Agreement shall terminate and be of no force or effect upon termination of the Merger Agreement in accordance with the
terms thereof, and upon the termination of this Agreement as a result of the termination of the Merger Agreement, no Party shall have any further obligations or liability under this Agreement; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Parties agree that the payments, benefits and rights set forth in this Agreement shall be the exclusive payments, benefits
and rights due to the Executive in connection with her transition and separation from employment with the Company; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>,
in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: </P>
<P STYLE="font-size:6pt;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>Separation Date; Resignation from Position(s); Transition Period</U></B> <B>-</B> </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(a) The Executive&#146;s effective date of separation from employment with the Company will be the date of the Closing (the &#147;<U>Separation
Date</U>&#148;). The Executive hereby resigns from her position as Chief Legal Officer and from any and all other positions she holds as an officer of the Company or any subsidiary as of the Separation Date and further agrees to execute and deliver
any documents reasonably necessary to effectuate such resignations, as requested by the Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(b) As of the Separation Date, the
Employment Agreement will terminate and be of no further force or effect. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">(c) The period between the Effective Date and the Separation Date will be a transition
period (the &#147;<U>Transition Period</U>&#148;). During the Transition Period, the Executive will continue to serve as Chief Legal Officer of the Company and will perform on a full-time basis those duties consistent with her position and use her
best efforts to professionally, timely and cooperatively perform such duties, as well as such additional transition duties as may be requested by and at the direction of the Company or the Board. During the Transition Period, the Executive will
continue to receive her current base salary, to participate in the Company&#146;s benefit plans (pursu