SEC Contract Filing

Filing Date: 2021-05-13

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>gmtx-ex102_159.htm
<DESCRIPTION>EX-10.2
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<p style="text-align:right;margin-bottom:18pt;margin-top:0pt;text-indent:0%;font-size:10pt;text-transform:none;font-weight:bold;font-family:Times New Roman;font-style:normal;font-variant: normal;"><a name="_Hlk56267443"></a>Exhibit 10.2</p>
<p style="margin-bottom:18pt;text-align:center;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:14pt;text-transform:uppercase;font-family:Times New Roman;font-style:normal;font-variant: normal;">employment AGREEMENT</p>
<p style="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 (&#8220;Agreement&#8221;) is made as of the 25<sup style="font-size:85%;line-height:120%;vertical-align:top">th</sup> of January, 2021 between Gemini Therapeutics, Inc., a Delaware corporation (the &#8220;Company&#8221;), and Brian Piekos (the &#8220;Executive&#8221;).&nbsp;&nbsp;</p>
<p style="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;">WHEREAS, the Company desires to employ the Executive and the Executive desires to be employed by the Company on the terms and conditions contained herein commencing on February 4, 2021, unless another date is agreed to by the parties.&nbsp;&nbsp;The Executive&#8217;s first day of employment under this Agreement shall be the &#8220;Effective Date&#8221; of this Agreement; and</p>
<p style="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;">WHEREAS, the Company provided the Executive with this Agreement, which is its formal offer of employment to the Executive, at least ten (10) business days before the Effective Date.&nbsp;&nbsp;The Executive has the right to consult with counsel prior to signing this Agreement.&nbsp;&nbsp;</p>
<p style="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;">NOW, THEREFORE,<font style="font-style:italic;"> </font>in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:</p>
<p style="text-align:left;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">1.</font><font style="margin-left:36pt;color:#000000;"></font><font style="text-decoration:underline;color:#000000;">Employment</font><font style="color:#000000;">.</font></p>
<p style="text-align:left;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">(a)</font><font style="margin-left:36pt;color:#000000;"></font><font style="text-decoration:underline;color:#000000;">Term</font><font style="color:#000000;">.&nbsp;&nbsp;The Company shall employ the Executive and the Executive shall be employed by the Company pursuant to this Agreement commencing as of the Effective Date and continuing until such employment is terminated in accordance with the provisions hereof (the &#8220;Term&#8221;).&nbsp;&nbsp;The Executive&#8217;s employment with the Company shall be &#8220;at will,&#8221; meaning that the Executive&#8217;s employment may be terminated by the Company or the Executive at any time and for any reason subject to the terms of this Agreement.</font></p>
<p style="text-align:left;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">(b)</font><font style="margin-left:36pt;color:#000000;"></font><font style="text-decoration:underline;color:#000000;">Position and Duties</font><font style="color:#000000;">.&nbsp;&nbsp;During the Term, the Executive shall serve as the Chief Financial Officer for the Company and shall have such powers and duties as may from time to time be prescribed by the Chief Executive Officer of the Company (the &#8220;CEO&#8221;).&nbsp;&nbsp;The Executive shall devote full working time and efforts to the business and affairs of the Company.&nbsp;&nbsp;Notwithstanding the foregoing, the Executive may serve on other boards of directors, with the approval of the Board of Directors of the Company (the &#8220;Board&#8221;) or a committee of the Board, or engage in religious, charitable or other community activities as long as such services and activities are disclosed to the Board and do not interfere with the Executive&#8217;s performance of duties to the Company.</font></p>
<p style="text-align:left;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:normal;font-style:normal;color:#auto;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><font style="Background-color:#auto;text-decoration:none;">2.</font><font style="margin-left:36pt;color:#000000;"></font><font style="text-decoration:underline;color:#000000;">Compensation and Related Matters</font><font style="color:#000000;">.</font></p>
<p style="tex