SEC Contract Filing

Filing Date: 2019-02-28

Document Content:
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<TYPE>EX-10.6
<SEQUENCE>2
<FILENAME>myok-ex106_259.htm
<DESCRIPTION>EX-10.6
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Cambria;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><img src="gzawrncvt0gz000001.jpg" title="" alt="" style="width:177px;height:32px;"></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;">Exhibit 10.6</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">January 5, 2019</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Bill Fairey</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">[address]</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">[address]</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Dear Bill:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are pleased to offer you the position of Executive Vice President, Chief Commercial Officer with MyoKardia, Inc.&nbsp;&nbsp;Your compensation will be $20,833.33, semi-monthly, which is equal to $500,000 annualized (&#8220;Base Salary&#8221;), payable in accordance with the Company&#8217;s standard payroll schedule.&nbsp;&nbsp;This position will report directly to me.&nbsp;&nbsp;This is a full-time position. While you render services to the Company, you will not engage in any other employment, consulting or other business activity (whether full-time or part-time) that would create a conflict of interest with the Company.&nbsp;&nbsp;<font style="letter-spacing:-0.15pt;">By signing this letter, you confirm to the Company that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company.</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;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;">Cash Compensation<font style="font-weight:normal;">:&nbsp;&nbsp;This salary will be subject to adjustment pursuant to the Company&#8217;s employee compensation policies in effect from time to time. In addition, the company has a performance-based variable cash bonus program.&nbsp;&nbsp;Subject to an acceptable level of corporate performance, the Board of Directors may approve payment of performance bonuses after the first of next year.&nbsp;&nbsp;If bonuses are paid, your target percentage will be 45% of your salary as the basis for calculating your bonus.&nbsp;&nbsp;Your actual bonus will depend on your own and the company&#8217;s performance for the year just completed.&nbsp;&nbsp;Bonuses will be pro-rated for partial years of service and only if you are hired prior to October 1 of the current year.</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As part of your offer, we are pleased to offer you a sign-on bonus of $225,000. &#160;This bonus will be paid in one lump sum within sixty-days of your hire date. &#160;This sign-on bonus is taxable, and all regular payroll taxes will be withheld. &#160;In the event that you leave MyoKardia within 12 months of your hire date, you will be responsible for reimbursing the company for the entire bonus amount.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;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;">Employee Benefits:<font style="font-weight:normal;">&nbsp;&nbsp;As a regular employee of the Company, you will be eligible to participate in a number of