SEC Contract Filing

Filing Date: 2020-03-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.11
<SEQUENCE>4
<FILENAME>idya-ex1011_1424.htm
<DESCRIPTION>EX-10.11
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<p style="text-align:right;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.11</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;">IDEAYA BIOSCIENCES, INC.</p>
<p style="text-align:center;margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;">EMPLOYMENT AGREEMENT</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;">This Employment Agreement (the &#8220;<font style="font-weight:bold;font-style:italic;">Agreement</font>&#8221;) is entered into between IDEAYA Biosciences, Inc., a Delaware corporation (the &#8220;<font style="font-weight:bold;font-style:italic;">Company</font>&#8221;) and Jason S. Throne (&#8220;<font style="font-weight:bold;font-style:italic;">Executive</font>&#8221; and, together with the Company, the &#8220;<font style="font-weight:bold;font-style:italic;">Parties</font>&#8221;) effective as of October 9, 2019 (the &#8220;<font style="font-weight:bold;font-style:italic;">Effective Date</font>&#8221;).&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS<font style="font-weight:normal;">,</font> <font style="font-weight:normal;">the Company desires to assure itself of the services of Executive by engaging Executive to perform services as an employee of the Company under the terms hereof; and</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS<font style="font-weight:normal;">, Executive desires to provide services to the Company on the terms herein provided effective as of the Effective Date. </font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE<font style="font-weight:normal;">, in consideration of the foregoing, and for other good and valuable consideration, including the respective covenants and agreements set forth below, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;"></font>Employment.</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-weight:bold;color:#auto;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(a)<font style="margin-left:36pt;"></font><font style="text-decoration:underline;font-weight:normal;">General</font><font style="font-weight:normal;">.&nbsp;&nbsp;The Company shall employ Executive upon the terms and conditions provided herein effective as of the Effective Date.&nbsp;&nbsp;</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-weight:bold;color:#auto;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(b)<font style="margin-left:36pt;"></font><font style="text-decoration:underline;font-weight:normal;">Position and Duties</font><font style="font-weight:normal;">.&nbsp;&nbsp;Effective as of the Effective Date, Executive: (i) shall serve as the Company&#8217;s </font><font style="color:#000000;">Vice President, General Counsel</font><font style="font-weight:normal;">, with responsibilities, duties, and authority usual and customary for such position, subject to direction by the Chief Executive Officer of the Company (the &#8220;</font><font style="font-style:italic;">CEO</font><font style="font-weight:normal;">&#8221;); (ii) shall report directly to the CEO or the CEO&#8217;s designee; and (iii) agrees promptly and faithfully to comply with all present and future policies, requirements, rules and regulations, and reasonable directions and requests, of the Company in connection with the Company&#8217;s business.&nbsp;&nbsp;At the Company&#8217;s request, Executive shall serve the Company and/or its subsidiaries and affiliates in such other capacities in addition to the foregoing as the Company shall designate.&nbsp;&nbsp;In the event that Executive serves in any one or more of such additional capacities, Executive&#8217;s compensation shall not automatically be increased on account of such additional service.&nbsp;&nbsp;</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-weight:bold;color:#auto;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(c)<font style="margin-left:36pt;"></font><font style="text-decoration:underline;font-weight:normal;">Principal Office</font><font style="font-weight:normal;">.&nbsp;&nbsp;</font><font st