SEC Contract Filing

Filing Date: 2020-07-31

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>f10q0620ex10-2_protara.htm
<DESCRIPTION>SEPARATION AGREEMENT AND RELEASE, DATED AS OF JULY 23, 2020, BY AND BETWEEN THE REGISTRANT AND JULIO CASOY
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SEPARATION AGREEMENT AND RELEASE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Separation Agreement and Release (&ldquo;Agreement&rdquo;)
is made by and between Julio Casoy (&ldquo;Employee&rdquo;) and Protara Therapeutics, Inc. (the &ldquo;Company&rdquo;) (collectively
referred to as the &ldquo;Parties&rdquo; or individually referred to as a &ldquo;Party&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">RECITALS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, Employee was employed by the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, Employee signed an Executive Employment
Agreement with the Company effective February 13, 2020 (the &ldquo;Executive Employment Agreement&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, Employee signed an Employee Confidential
Information and Inventions Assignment Agreement with the Company on July 21, 2020 (the &ldquo;Confidentiality Agreement&rdquo;),
attached as Exhibit A;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, on April 29, 2019, the Company
granted Employee the option to purchase 38,151 shares of the Company&rsquo;s common stock (the &ldquo;2019 Option Grant&rdquo;),
subject to the terms and conditions of the Company&rsquo;s 2017 Equity Incentive Plan and the Stock Option Agreement (collectively
the &ldquo;ISO Stock Agreements&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, on January 10, 2020, the Company
and Employee have entered into a Restricted Stock Unit Award Agreement and Restricted Stock Unit Award Grant Notice, granting Employee
45,500 shares of the Company&rsquo;s common stock subject to the terms and conditions of the Company&rsquo;s Amended and Restated
2014 Equity Incentive Plan, the Restricted Stock Unit Award Agreement, and Restricted Stock Unit Award Grant Notice (collectively
the &ldquo;RSU Stock Agreements&rdquo;), and further subject to the Company&rsquo;s option to repurchase the restricted stock,
as set forth in the Restricted Stock Unit Award Agreement (the &ldquo;Repurchase Option&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, Employee separated from employment
with the Company effective August 3, 2020 (the &ldquo;Separation Date&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">WHEREAS, the Parties wish to resolve any
and all disputes, claims, complaints, grievances, charges, actions, petitions, and demands that the Employee may have against the
Company and any of the Releasees as defined below, including, but not limited to, any and all claims arising out of or in any way
related to Employee&rsquo;s employment with or separation from the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">NOW, THEREFORE, in consideration of the
mutual promises made herein, the Company and Employee hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">COVENANTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1. <U>Consideration</U>. In consideration
of Employee&rsquo;s execution of this Agreement and Employee&rsquo;s fulfillment of all of its terms and conditions, and provided
that Employee does not revoke the Agreement under the Acknowledgement of Waiver of Claims under ADEA Section below, the Company
agrees as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">a. <U>Payment</U>. The Company agrees to pay
Employee a lump sum approximately equivalent to nine (9) months of Employee&rsquo;s base salary, for a total of Three Hundred Thousand
Dollars ($300,000), less applicable withholding. This payment will be made to Employee within ten (10) bu