SEC Contract Filing

Filing Date: 2019-02-26

Document Content:
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<TYPE>EX-10.26
<SEQUENCE>4
<FILENAME>fprx-ex1026_372.htm
<DESCRIPTION>EX-10.26
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fprx-ex1026_372.htm
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<p style="margin-top:3pt;margin-bottom:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:bold;">&nbsp;</p>
<p style="margin-top:3pt;margin-bottom:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:bold;">&nbsp;</p>
<p style="text-align:right;margin-top:3pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.26</p>
<p style="margin-top:3pt;margin-bottom:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:bold;">&nbsp;</p>
<p style="text-align:center;margin-top:3pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Executive Severance Benefits Agreement</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:13pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:14.5pt;">&nbsp;</p>
<p style="margin-top:0pt;margin-bottom:0pt;margin-right:1.45%;text-indent:7.44%;font-size:12pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Executive Severance Benefits Agreement (this &#8220;<font style="text-decoration:underline;">Agreement</font>&#8221;), effective as of September 5, 2017 (the &#8220;<font style="text-decoration:underline;">Effective Date</font>&#8221;), is between Bryan Irving, Ph.D. (&#8220;<font style="text-decoration:underline;">Executive</font>&#8221;) and Five Prime Therapeutics, Inc. (&#8220;<font style="text-decoration:underline;">FivePrime</font>&#8221;). This Agreement is intended to provide Executive with certain compensation and benefits in the event that Executive is subject to certain qualifying terminations of employment. Certain capitalized terms used in this Agreement are defined in Article 6.</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">FivePrime and Executive hereby agree as follows:</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-size:11pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-right:0.21%;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">ARTICLE 1</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;;font-size:13.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">Scope of and Consideration for this Agreement</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.45%;font-weight:bold;font-size:12pt;letter-spacing:-0.15pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-size:12pt;letter-spacing:-0.15pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">1.1</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.45%;font-weight:bold;letter-spacing:-0.15pt;font-style:normal;text-transform:none;font-variant: normal;font-family:Arial;font-size:12pt;"><font style="font-weight:normal;">FivePrime desires to employ Executive in the position of Senior Vice President, Research, and Executive wishes to be employed by FivePrime in such position.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.45%;font-weight:bold;letter-spacing:-0.15pt;font-style:normal;text-transform:none;font-variant: normal;font-family:Arial;font-size:12pt;">&nbsp;</p></td></tr></table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10.5pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.45%;font-weight:bold;font-size:12pt;letter-spacing:-0.15pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-size:12pt;letter-spacing:-0.15pt;font-family:Arial;font-style:normal;text-transform:none;font-variant: normal;">1.2</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.45%;font-weight:bold;letter-spacing:-0.15pt;font-style:normal;text-transform:none;font-variant: normal;font-family:Arial;font-size:12pt;"><font style="font-weight:normal;">FivePrime and Executive wish to set forth the compensation and</font><font style="letter-spacing:-1.35pt;font-weight:normal;"> </font><font style="font-weight:normal;">benefits that Executive shall be entitled to receive upon a Change in Control Termination or a Covered Termination.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.45%;font-weight:bold;letter-spacing:-0.15pt;font-style:normal;text-transform:none;font-variant: normal;font-family:Arial;font-size:12pt;">&nbsp;</p></td><