SEC Contract Filing

Filing Date: 2020-03-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.12
<SEQUENCE>4
<FILENAME>kzr-ex1012_52.htm
<DESCRIPTION>EX-10.12
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
kzr-ex1012_52.htm
</title>
</head>
<!-- NG Converter v5.0.2.38 -->
<body>

<p style="text-align:right;margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.12</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-weight:bold;;font-size:11pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT</p>
<p style="margin-bottom:0pt;margin-top:9pt;text-align:left;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This <font style="font-weight:bold;">AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT</font> (this &#8220;<font style="font-weight:bold;font-style:italic;">Agreement</font>&#8221;) is entered into as of the 14th day of January, 2020 (the &#8220;<font style="font-weight:bold;font-style:italic;">Effective Date</font>&#8221;), between Marc Belsky (&#8220;<font style="font-weight:bold;font-style:italic;">Executive</font>&#8221;) and <font style="font-weight:bold;text-transform:uppercase;">KEZAR LIFE SCIENCES, INC.</font> (the &#8220;<font style="font-weight:bold;font-style:italic;">Company</font>&#8221;). Certain capitalized terms used in this Agreement are defined in Article 7. On the Effective Date this Agreement amends, restates, replaces and supersedes the Prior Employment Agreement.</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">RECITALS</p>
<p style="margin-bottom:0pt;margin-top:9pt;text-align:left;text-indent:7.69%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">A.<font style="margin-left:72pt;"></font><font style="font-weight:normal;">The Company is a biopharmaceutical company.</font></p>
<p style="margin-bottom:0pt;margin-top:9pt;text-align:left;text-indent:7.69%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">B.<font style="margin-left:72pt;"></font><font style="font-weight:normal;">The Company desires to employ Executive, or to continue Executive&#8217;s employment, in the position set forth below, and Executive wishes to be employed, or continue to be employed, by the Company in such position, upon the terms and conditions set forth in this Agreement.</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">AGREEMENT</p>
<p style="margin-bottom:0pt;margin-top:9pt;text-align:left;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:15.38%;"><font style="font-weight:bold;">NOW, THEREFORE</font>, in consideration of the mutual promises contained herein, the Company and Executive agree as follows:</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">ARTICLE 1</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">PRELIMINARY MATTERS</p>
<p style="margin-bottom:0pt;margin-top:9pt;text-align:left;text-indent:7.69%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1.1<font style="margin-left:72pt;"></font>Effectiveness of Agreement<font style="font-weight:normal;">.&nbsp;&nbsp;This Agreement shall be effective on the Effective Date.&nbsp;&nbsp;</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">ARTICLE 2</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:9pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">TERMS OF EMPLOYMENT</p>
<p style="margin-top:9pt;text-align:left;margin-bottom:0pt;text-indent:7.69%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2.1<font style="margin-left:72pt;"></font>Appointment<font style="font-weight:normal;">.&nbsp;&nbsp;Executive&#8217;s start date was March 26, 2018 (the &#8220;</font><font style="font-style:italic;">Start Date</font><font style="font-weight:normal;">&#8221;). Executive shall serve as Chief Financial Officer, reporting to the Chief Executive Officer.&nbsp;&nbsp;As Chief Financial Officer, Executive shall perform the duties that are consistent with such position and that may be assigned to Executive by the Company from time to time. During Executive&#8217;s employment with the Company, Executive shall (i) devote substantially all of Executive&#8217;s business efforts to the Company, and (ii) faithfully and to the best of Executive&#8217;s abilities and experience, and in accordance with the standards and ethics of the business in which the Company is engaged, perform all duties that may be required of Executive by this Agreement, the Company&#8217;s policies and procedures, a