SEC Contract Filing

Filing Date: 2024-08-08

Document Content:
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<TYPE>EX-10.6
<SEQUENCE>6
<FILENAME>sybx-ex10_6.htm
<DESCRIPTION>EX-10.6
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 <div style="padding-top:0.5in;min-height:0.8in;box-sizing:border-box;"><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:right;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Exhibit 10.6</font></p></div>
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 <p style="text-indent:6.667%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:11pt;font-family:'Source Sans Pro',sans-serif;min-width:fit-content;">&#160;</font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:'Source Sans Pro',sans-serif;min-width:fit-content;">Effective Date: March 1, 2024</font></p>
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 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Source Sans Pro',sans-serif;min-width:fit-content;">Mary Beth Dooley</font></p>
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 <p style="text-indent:6.667%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Source Sans Pro',sans-serif;min-width:fit-content;">Re: </font><font style="color:#000000;white-space:pre-wrap;text-decoration:underline;font-size:10pt;font-family:'Source Sans Pro',sans-serif;min-width:fit-content;">1</font><font style="color:#000000;white-space:pre-wrap;text-decoration:underline;vertical-align:super;font-size:6.7pt;font-family:'Source Sans Pro',sans-serif;min-width:fit-content;">st</font><font style="color:#000000;white-space:pre-wrap;text-decoration:underline;font-size:10pt;font-family:'Source Sans Pro',sans-serif;min-width:fit-content;"> Amendment to the Retention Agreement</font></p>
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 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Source Sans Pro',sans-serif;min-width:fit-content;">Dear Mary Beth:</font></p>
 <p style="text-indent:6.667%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:left;"><font style="white-space:pre-wrap;font-size:10pt;font-family:'Source Sans Pro',sans-serif;min-width:fit-content;">&#160;</font></p>
 <p style="text-indent:6.667%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Source Sans Pro',sans-serif;min-width:fit-content;">In recognition of your value and expected contributions to Synlogic, Inc. (&#x201c;the Company&#x201d;) we are pleased to offer you the following Retention Bonus Agreement (the &#x201c;Agreement&#x201d;).</font><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Source Sans Pro',sans-serif;min-width:fit-content;"> </font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><font style="white-space:pre-wrap;font-size:10pt;font-family:'Source Sans Pro',sans-serif;min-width:fit-content;">&#160;</font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><font style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:'Source Sans Pro',sans-serif;min-width:fit-content;">Retention Bonus Amount and Eligibility Conditions</font></p>
 <p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><font style="white-space:pre-wrap;font-size:10pt;font-family:'Source Sans Pro',sans-serif;min-width:fit-content;">&#160;</font></p>
 <p style="text-indent:4.533%;font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><font style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:'Source Sans Pro',sans-serif;min-width:fit-content;">If you (a) remain employed by the Company and continue to provide services at a satisfactory level through November 30, 2024 (the &#x201c;Termination Date&#x201d;) and (b) meet the remaining conditions of this paragraph, then you will receive a Retention Bonus in the amount of 75% of your base salary for each month worked on a pro rata basis, paid as a lump sum within thirty (30) days of your Termination Date. If you terminate your employment for any reason prior to November 30, 2024 or the Company terminates your employment for cause, then you shall not be eligible for the Retention Bonus. This bonus will be subject to all federal, state, city or other tax withholdings.</font></p>
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