SEC Contract Filing

Filing Date: 2016-08-04

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>nerv-ex104_179.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-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">EXHIBIT&#160;10.4</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">August 1, 2016</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Dear Mark:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This agreement (hereafter "<font style="font-weight:bold;font-style:italic;">Employment Agreement</font>") will formalize the amended and restated terms and conditions of your employment with Minerva Neurosciences, Inc. (the "<font style="font-weight:bold;font-style:italic;">Company</font>").</p>
<p style="margin-top:12pt;text-align:justify;margin-bottom:12pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;"></font>Employment<font style="font-weight:normal;">. You commenced employment with the Company on August 14, 2014, and the original terms of your employment were set forth in an agreement dated August 1, 2014 (the &#8220;</font><font style="font-style:italic;">Original Agreement</font><font style="font-weight:normal;">&#8221;).&nbsp;&nbsp;The terms and conditions of the Original Agreement are amended and restated herein. The period during which you are actually employed by the Company is referred to as the "</font><font style="font-style:italic;">Employment Period</font><font style="font-weight:normal;">".</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">2.<font style="margin-left:36pt;"></font>Position Duties; Commitment<font style="font-weight:normal;">. During the Employment Period, you will be employed by the Company as its Senior Vice President, General Counsel and Corporate Secretary. You will report to the Company's Chief Executive Officer ("</font><font style="font-style:italic;">CEO</font><font style="font-weight:normal;">"), and shall perform such duties consistent with your position as General Counsel and as may be assigned to you by the CEO and/or the Board of Directors of the Company (the "</font><font style="font-style:italic;">Board</font><font style="font-weight:normal;">"). You agree to devote substantially all of your working time, attention and energies to the Company and its Affiliates, and while you remain employed, not to engage in any other business activity that is in conflict with your duties and obligations to the Company; provided, however, that, for the avoidance of doubt, you may (i) manage your passive personal investments, (ii) with advance written approval from the Company, serve on industry, trade, civic, charitable or non-profit corporate boards or committees, and (iii) with the advance written approval of the Company, serve on outside for-profit corporate boards or committees. For purposes of this Agreement, the term "</font><font style="font-style:italic;">Affiliates</font><font style="font-weight:normal;">" means all persons and entities directly or indirectly controlling, controlled by or under common control with the Company, where control may be by management authority or equity interest.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">3.<font style="margin-left:36pt;"></font>Base Salary<font style="font-weight:normal;">. During the Employment Period, your current annualized base salary ("</font><font style="font-style:italic;">Base Salary</font><font style="font-weight:normal;">") is US $281,140 payable in accordance with the Company's normal payroll practice. Your Base Salary will be subject to review and adjustment by the Company from time to time.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">4.<font style="margin-left:36pt;"></font>Annual Bonus<font style="font-w