SEC Contract Filing

Filing Date: 2017-05-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>2
<FILENAME>nviv-20170331ex102d02fde.htm
<DESCRIPTION>EX-10.2
<TEXT>
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 <font style="display:inline;font-weight:bold;">Exhibit 10.2</font>
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 <font style="display:inline;">EMPLOYMENT AGREEMENT</font>
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 <font style="display:inline;">This EMPLOYMENT AGREEMENT (the &#x201C;Agreement&#x201D;), dated as of March&nbsp;28, 2017&nbsp;(the&nbsp;&#x201C;Effective&nbsp;Date&#x201D;), is made between InVivo Therapeutics Holdings Corp. (the &#x201C;Company&#x201D;) a corporation duly organized and validly existing under the laws of the State of Nevada having a business address of One Kendall Square, Building 1400 East,&nbsp;Floor&nbsp;4, Cambridge, MA 02139, and Christopher McNulty&nbsp;(the &#x201C;Executive&#x201D;),&nbsp;an individual having an address at 563 North Street, Weston, MA 02493.</font>
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 <font style="display:inline;">WITNESSETH THAT:</font>
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 <font style="display:inline;">WHEREAS, the parties desire to enter into this Agreement pertaining to the employment of the Executive by the Company:</font>
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 <font style="display:inline;">NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth below, it is hereby covenanted and agreed by the Executive and the Company as follows:</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;text-decoration:underline;">Performance of Services</font><font style="display:inline;font-family:Times New Roman,Times,serif;">. &nbsp;The Executive&#x2019;s employment with the Company shall be subject to the following:</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the terms of this Agreement, the Company hereby agrees to employ the Executive as its Chief Financial Officer. &nbsp;The Executive shall also&nbsp;serve as Chief Financial Officer&nbsp;of InVivo Therapeutics Corporation, the Company&#x2019;s wholly-owned subsidiary. The Executive shall be based at the Company&#x2019;s headquarters in Cambridge,&nbsp;MA.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;While the Executive is employed by the Company, the Executive shall devote his&nbsp;business time, energies and talents&nbsp;to serving as its Chief Financial Officer. &nbsp;The Executive may, however, serve on outside boards of directors, to the extent that such activities do not materially inhibit or prohibit the performance of the Executive&#x2019;s duties under this Agreement or conflict in any material way with the business of the Company or any subsidiary.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive shall serve as a Section&nbsp;16 officer of the Company subject to the various regulatory filing responsibilities that must be met by directors, officers and principal stockholders as required by this section of the Securities and Exchange Act of 1934, as amended, and the related rules&nbsp;and regulations of the Securities and Exchange Commission.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive agrees that he shall perform his duties faithfully and efficiently subject to the directions of the Chief Executive Officer (&#x201C;CEO&#x201D;) and the Board of Dir