SEC Contract Filing

Filing Date: 2018-10-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>nvcr-ex101_138.htm
<DESCRIPTION>EX-10.1 SHAH EMPLOYMENT AGREEMENT
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Exhibit 10.1</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;;font-family:Times New Roman;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><img src="gydqggixbps4000001.jpg" title="" alt="" style="width:238px;height:54px;"></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#313131;font-size:11.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;">July 16, 2018</font></p>
<p style="margin-top:24pt;margin-bottom:0pt;text-indent:0%;color:#313131;font-size:11.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;">Mr. Pritesh Shah</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#313131;font-size:11.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;">Novocure USA LLC</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#313131;font-size:11.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;">1500 Broadway, 17th Floor</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#313131;font-size:11.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;">New York, NY 10036</font></p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;color:#313131;font-size:11.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;">Dear Pritesh:</font></p>
<p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.69%;color:#313131;font-size:11.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:none;">The purposes of this letter (this "</font><font style="text-decoration:underline;">Agreement</font><font style="text-decoration:none;">") are to amend and restate the terms and conditions of your Prior Agreement (as defined below) and to set forth and acknowledge certain terms of your continued employment with the Novocure Group. Your formal employment relationship will transfer to Novocure USA LLC, a Delaware limited liability corporation (the "</font><font style="text-decoration:underline;">Company</font><font style="text-decoration:none;">") and a wholly owned subsidiary of NovoCure Limited, a Jersey (Channel Islands) corporation (the </font><font style="text-decoration:underline;color:#000000;">"Parent").</font><font style="text-decoration:none;"> References herein to the "</font><font style="text-decoration:underline;">Novocure Group</font><font style="text-decoration:none;">" shall mean and refer to, collectively, the Parent, the Company and their respective direct and indirect subsidiaries and affiliates. Upon the date this Agreement is executed </font><font style="text-decoration:underline;color:#000000;">(the "Effective Date"),</font><font style="text-decoration:none;"> this Agreement will supersede and replace in its entirety the employment letter agreement between you and the Company, dated as of September 29, 2017 (the' </font><font style="text-decoration:underline;">Prior Agreement</font><font style="text-decoration:none;">").</font></p>
<p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.69%;color:#313131;font-size:11.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.<font style="margin-left:36pt;"></font><font style="font-weight:bold;text-decoration:underline;">Start Date</font> - The Company shall continue to employ you, and you shall continue to serve the Company, on the terms and conditions set forth in this Agreement. Your employment with the Company initially commenced on July 23, 2012 (the "Start Date"). From and after the Effective Date, you will continue to carry out your day-to-day activities hereunder in an office of the Company located in the New York, New York area.</p>
<p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.69%;color:#313131;font-size:11.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.<font style="margin-left:36pt;"></font><font style="font-weight:bold;text-decoration:underline;">Duties and Responsibilities</font> - While you are employed by the Company, you will serve as and have the title of Chief Commercial Officer of the Novocure Group, and you will report to, and be subject to the reasonable direction and control of, the President and Chief Executive Officer of the Company (the <font style="color:#464646;">"CEO") </font>as well as the board of managers (or similar governing body) of the Company and the board of directors of Parent (the "Board"). You will have such duties and responsibilities that are commensurate with your position and such other duties and responsibilities as are from time to time reasonably and lawfully assigned to you by the CEO and of a similarly-situated executive