SEC Contract Filing

Filing Date: 2017-03-16

Document Content:
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<TYPE>EX-10.21
<SEQUENCE>4
<FILENAME>cala-ex1021_221.htm
<DESCRIPTION>EX-10.21
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:9pt;font-family:Bookman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><img src="g2017031617533716244465.jpg" title="" alt="" style="width:162px;height:39px;"><font style="font-weight:bold;color:#000000;font-size:11pt;font-family:Calibri;">Exhibit 10.21</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:14pt;">&nbsp;</p>
<p style="margin-bottom:12pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Cambria;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_C10"></a>December 7, 2016</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Cambria;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Stephanie Wong</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="margin-bottom:15pt;margin-top:0pt;text-indent:8.33%;font-size:12pt;font-family:Cambria;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M1"></a>Re: Letter Agreement Regarding Severance Benefits and Accelerated Vesting of Equity Awards.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Cambria;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M2"></a><a name="_DV_M3"></a><a name="_DV_M3"></a>Dear Stephanie:</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:15pt;margin-top:0pt;text-indent:8.33%;font-size:12pt;font-family:Cambria;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M4"></a><a name="_DV_M5"></a>On behalf of Calithera Biosciences, Inc. (the &#8220;Company&#8221;), I am pleased to confirm that your employment with the Company and the terms of any outstanding equity awards granted to you by the Company (the &#8220;Equity Awards&#8221;) are subject to the following additional<a name="_DV_M5"></a> terms set forth below, such additional terms hereby amending and restating all provisions of, rights granted and covenants made in any prior agreement between you and the Company relating to the subject matter herein.</p>
<p style="text-align:justify;margin-bottom:15pt;margin-top:0pt;text-indent:4.17%;font-weight:bold;font-size:12pt;font-family:Cambria;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M31"></a><a name="_DV_M32"></a>1.<font style="margin-left:36pt;"></font>Employment Termination. <font style="font-weight:normal;"> In the event that your employment is terminated by the Company without Cause (as defined below), and not by reason of your death or disability, or you resign your employment for Good Reason (as defined below) (collectively, an &#8220;Involuntary Termination&#8221;), and provided such Involuntary Termination constitutes a &#8220;separation from service&#8221; (as defined under Treasury Regulation Section 1.409A-1(h)) (a &#8220;Separation from Service&#8221;), and further provided that you remain in compliance with this letter agreement <a name="_DV_M32"></a>and provide the Company with an executed and effective Separation Agreement (as defined below), the Company shall:</font></p>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Cambria;font-size:12pt;">&nbsp;</p></td>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-size:12pt;font-family:Cambria;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:12pt;font-family:Cambria;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">a.</font></p></td>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Cambria;font-size:12pt;"><a name="_DV_M33"></a>Pay you cash severance in the form of continuing payments, subject to payroll withholdings and applicable deductions and payable in accordance with the Company&#8217;s regular payroll schedule, of your base salary in effect as of the Separation from Service (the &#8220;Severance Payments&#8221;) for a period of six (6) months following your Separation from Service date; <font style="font-style:italic;">provided</font>, <font style="font-style:italic;">however</font><a name="_DV_M33"></a>, that no payments will be made prior to the 60th day following your Separation from Service date, and on that 60th date, the Company will pay you a lump sum payment equal to the payments that would have been paid earlier but for the delay due to this paragraph, with the balance paid thereafter as originally scheduled;</p></td></tr></table></div>
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