SEC Contract Filing

Filing Date: 2021-02-01

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d30286dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Second Amended and Restated Employment Agreement (this &#147;<U>Agreement</U>&#148;), dated as of January&nbsp;29, 2021 (the
&#147;<U>Effective Date</U>&#148;), is made by and between Seres Therapeutics, Inc., a Delaware corporation (together with any successor thereto, the &#147;<U>Company</U>&#148;), and Eric D. Shaff (&#147;<U>Executive</U>&#148;) (collectively
referred to as the &#147;<U>Parties</U>&#148; or individually referred to as a &#147;<U>Party</U>&#148;). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left">A.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">It is the desire of the Company to assure itself of the services of Executive as of the Effective Date and
thereafter by entering into this Agreement, which shall supersede and replace any prior employment arrangement, including, but not limited to, the Amended and Restated Employment Agreement, dated as of January&nbsp;14, 2019, by and between the
Company and Executive, as amended (the &#147;<U>Prior Agreement</U>&#148;). </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left">B.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Executive and the Company mutually desire that Executive provide services to the Company on the terms herein
provided. </P></TD></TR></TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the foregoing and of the respective covenants and agreements set forth below, the Parties hereto agree as
follows: </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B><U>Employment</U>. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>General</U>. Effective as of the Effective Date, the Company shall continue to employ Executive and Executive shall remain in the employ
of the Company, for the period and in the positions set forth in this <U>Section</U><U></U><U>&nbsp;1</U>, and subject to the other terms and conditions herein provided. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <U><FONT STYLE="white-space:nowrap">At-Will</FONT> Employment</U>. The Company and Executive acknowledge that Executive&#146;s employment
is and shall continue to be <FONT STYLE="white-space:nowrap">at-will,</FONT> as defined under applicable law, and that Executive&#146;s employment with the Company may be terminated by either Party at any time for any or no reason (subject to the
notice requirements of <U>Section</U><U></U><U>&nbsp;3(b)</U>). This <FONT STYLE="white-space:nowrap">&#147;at-will&#148;</FONT> nature of Executive&#146;s employment shall remain unchanged during Executive&#146;s tenure as an employee and may not
be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. If Executive&#146;s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, award or
compensation other than as provided in this Agreement or otherwise agreed to in writing by the Company or as provided by applicable law. The term of this Agreement (the &#147;<U>Term</U>&#148;) shall commence on the Effective Date and end on the
date this Agreement is terminated under <U>Section</U><U></U><U>&nbsp;3</U>. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <U>Positions and Duties</U>. During the Term, Executive shall serve as President and
Chief Executive Officer of the Company with such responsibilities, duties and authority normally associated with such positions and as may from time to time be assigned to Executive by the Board of Directors of the Company or an authorized committee
of the Board (in either case, the &#147;