SEC Contract Filing

Filing Date: 2025-04-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.18
<SEQUENCE>2
<FILENAME>advm-20241231xexx1018.htm
<DESCRIPTION>EX-10.18
<TEXT>
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<title>Document</title></head><body><div id="i4e3490e458a045dd9a96c38278573369_1"></div><div style="min-height:36pt;width:100%"><div style="margin-bottom:5.2pt;padding-left:18pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Exhibit 10.18</font></div><div style="margin-bottom:5.2pt;padding-left:18pt;text-align:right"><font><br></font></div></div><div style="width:100.000%"><div style="display:inline-block;vertical-align:top;width:46.746%"><div><font><br></font></div><div style="padding-left:28.95pt;padding-right:40.5pt"><font style="color:#808080;font-family:'Lato',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Adverum Biotechnologies, Inc. </font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><br></font><font style="color:#808080;font-family:'Lato',sans-serif;font-size:10pt;font-weight:400;line-height:120%">100 Cardinal Way </font></div><div style="padding-left:28.95pt"><font style="color:#808080;font-family:'Lato',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Redwood City, CA 94063 </font></div><div style="padding-left:28.95pt"><font style="color:#808080;font-family:'Lato',sans-serif;font-size:10pt;font-weight:400;line-height:120%">O&#58; 650.656-9323</font><font style="color:#000000;font-family:'Lato',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </font></div></div><div style="display:inline-block;max-width:6.506%;min-width:5.506%;vertical-align:top"></div><div style="display:inline-block;vertical-align:top;width:46.748%"><div style="padding-left:18pt"><img alt="advm-20241231_g13a.jpg" src="advm-20241231_g13a.jpg" style="height:73px;margin-bottom:5pt;vertical-align:text-bottom;width:326px"></div></div></div><div style="padding-left:46pt"><font><br></font></div><div style="margin-top:9pt;padding-left:46pt;padding-right:27pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">June 4, 2024</font></div><div style="margin-top:9pt;padding-left:46pt;padding-right:27pt"><font><br></font></div><div style="padding-left:46pt;padding-right:27pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Rabia Gurses Ozden, M.D. </font></div><div style="padding-left:46pt;padding-right:27pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">&#91;Address&#93; </font></div><div style="margin-top:9pt;padding-left:46pt;padding-right:27pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Re&#58; Chief Medical Officer (CMO) </font></div><div style="margin-top:9pt;padding-left:46pt;padding-right:27pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Dear Rabia, </font></div><div style="margin-top:9pt;padding-left:46pt;padding-right:27pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">I am pleased to offer you a position with Adverum Biotechnologies, Inc. (the &#8220;Company&#8221;) as Chief Medical Officer (CMO), reporting to the President and Chief Executive Officer, Laurent Fischer, M.D. Although you will be based out of our office located in Redwood City, California, this is a remote role so you will maintain your residence in Edgewater, New Jersey and telecommute. Our Telecommuting Policy is attached at Exhibit A. You acknowledge that your position as CMO, and associated responsibilities may sometimes require you be present in the Redwood City office. The details of your telecommuting arrangement, in particular the frequency of travel to Redwood City, will be as arranged between you and your manager taking into account the duties and responsibilities of your role consistent with the Company&#8217;s Telecommuting Policy at Exhibit A. </font></div><div style="margin-top:6pt;padding-left:46pt;padding-right:27pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">If you decide to join us, this letter agreement (the &#8220;Agreement&#8221;) memorializes your compensation and other employment terms. These terms will become effective on the date you join the Company (the &#8220;Hire Date&#8221;). </font></div><div style="margin-top:12pt;padding-left:46pt;padding-right:27pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Compensation and Benefits. </font></div><div style="margin-top:9pt;padding-left:46pt;padding-right:27pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Base Compensation&#58; </font></div><div style="margin-top:6pt;padding-left:46pt;padding-right:27pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Your base salary will be $500,000.00 annually ($20,833.34 per pay period), subject to payroll deductions and all required withholdings, reflecting your full-time employment with the Company. Your salary will be paid in accordance with the Company&#8217;s standard payroll schedule (currently the 15</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:120%;position:relative;top:-4.2pt;vertical-align:baseline">th</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;