SEC Contract Filing

Filing Date: 2021-11-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>asmb-ex102_169.htm
<DESCRIPTION>EX-10.2
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<p style="text-align:right;margin-bottom:0pt;line-height:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:12pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;line-height:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M0"></a>Exhibit 10.2</p>
<p style="text-align:center;margin-bottom:0pt;line-height:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:12pt;line-height:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">EMPLOYMENT AGREEMENT</p>
<p style="text-align:justify;margin-bottom:12pt;line-height: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;"><a name="_DV_M1"></a><a name="_DV_M2"></a>This EMPLOYMENT AGREEMENT (the &#8220;<font style="font-weight:bold;">Agreement</font>&#8221;), is entered into as of July 30, 2021 (the &#8220;<font style="font-weight:bold;">Execution Date</font>&#8221;) with an effective date of August 1, 2021 (the &#8220;<font style="font-weight:bold;">Effective Date</font>&#8220;), by and between Assembly Biosciences, Inc., a Delaware<a name="_DV_M2"></a> corporation with principal executive offices at 331 Oyster Point Blvd., Fourth Floor, South San Francisco, CA 94080 (the &#8220;<font style="font-weight:bold;">Company</font>&#8221;), and Michael P. Samar (the &#8220;<font style="font-weight:bold;">Executive</font>&#8221;).</p>
<p style="text-align:center;margin-bottom:12pt;line-height:12pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M3"></a>W I T N E S S E T H:</p>
<p style="text-align:justify;margin-bottom:12pt;line-height: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;"><a name="_DV_M4"></a><a name="_DV_C5"></a><a name="_DV_M5"></a><a name="_DV_C6"></a><a name="_DV_M6"></a><a name="_DV_C5"></a>WHEREAS, the Company desires to promote<font style="text-decoration:none;color:#auto;"><a name="_DV_M5"></a> the</font> Executive to Chief Financial Officer as of the Effective Date<a name="_DV_C6"></a>, and<font style="text-decoration:none;color:#auto;"><a name="_DV_M6"></a> the</font> Executive desires to accept this promotion as of the Effective Date; and</p>
<p style="text-align:justify;margin-bottom:12pt;line-height: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;"><a name="_DV_M7"></a><a name="_DV_C7"></a><a name="_DV_M8"></a><a name="_DV_C7"></a>WHEREAS, the parties desire to enter into this Agreement, setting forth the terms and conditions of<font style="text-decoration:none;color:#auto;"><a name="_DV_M8"></a> the</font> Executive&#8217;s employment with the Company;</p>
<p style="text-align:justify;margin-bottom:12pt;line-height: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;"><a name="_DV_M9"></a>NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto hereby agree as follows:</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:normal;font-style:normal;color:#010000;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><a name="_DV_M10"></a><font style="Background-color:#auto;text-decoration:none;">1.</font><font style="margin-left:36pt;color:#000000;"></font><font style="text-decoration:underline;color:#auto;">Employment</font><font style="color:#auto;">.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-weight:normal;font-style:normal;color:#010000;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><a name="_DV_M11"></a><a name="_DV_M15"></a><font style="Background-color:#auto;text-decoration:none;">(a)</font><font style="margin-left:36pt;color:#000000;"></font><font style="text-decoration:underline;color:#auto;">Services</font><font style="color:#auto;">.&nbsp;&nbsp;The Executive will be employed by the Company as its Chief Financial Officer, reporting to the Company&#8217;s Chief Executive Officer, and shall perform such duties as are consistent with a position as Chief Financial Officer (the &#8220;</font><font style="font-weight:bold;color:#auto;">Services</font><font style="color:#auto;">&#8221;<a name="_DV_M15"></a>).&nbsp;&nbsp;The Executive agrees to perform such Services faithfully, to devote Executive&#8217;s full working time, attention and energies to the business of the Company and, while Executive remains employed and subject to the terms of this Agreement, not to engage in any other business activity that is in conflict with Executive&#8217;s duties and obligations to the Company. </font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;font-weight:normal;font-style:normal;color:#010000;font-size:12pt;font-family:Times New Roman;text-transform:none;font-variant: normal;letter-spacing:0pt;"><a name="_DV_M16"></a><font style="Background-color:#auto;text-decoration:none;">(b)</font><font style="