SEC Contract Filing

Filing Date: 2020-08-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>agrx-20200814xex10d4.htm
<DESCRIPTION>EX-10.4
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.7.0.58--><!--Created on: 8/17/2020 08:30:28 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:5.88%;padding-right:5.88%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 0pt 12pt 0pt;"><b style="font-size:11pt;font-weight:bold;">Exhibit 10.4</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 12pt 0pt;"><b style="font-size:11pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">AMENDED AND RESTATED EMPLOYMENT AGREEMENT</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-size:11pt;font-weight:bold;">THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT </b><font style="font-size:12pt;">(this &#8220;</font><u style="font-size:12pt;text-decoration:underline;text-decoration-color:#000000;">Agreement</u><font style="font-size:12pt;">&#8221;) is entered into as of August 14, 2020, by and between AGILE THERAPEUTICS, INC., a Delaware corporation (the &#8220;</font><u style="font-size:12pt;text-decoration:underline;text-decoration-color:#000000;">Company</u><font style="font-size:12pt;">&#8221;), and Dennis P. Reilly (the &#8220;</font><u style="font-size:12pt;text-decoration:underline;text-decoration-color:#000000;">Executive</u><font style="font-size:12pt;">&#8221;), collectively referred to as the &#8220;parties.&#8221;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 12pt 0pt;"><b style="font-size:12pt;font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">Recitals</b><b style="font-size:12pt;font-weight:bold;">:</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:12pt;">WHEREAS, the Company and the Executive entered into an Employment Agreement dated August 5, 2019 (the &#8220;</font><u style="font-size:12pt;text-decoration:underline;text-decoration-color:#000000;">Prior Agreement</u><font style="font-size:12pt;">&#8221;); and</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:12pt;">WHEREAS, the Company desires to continue to employ the Executive and to have the benefit of the Executive&#8217;s skills and services, and the Executive desires to accept such continued employment with the Company, on the terms and conditions set forth herein; and</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:12pt;">WHEREAS, this Agreement shall supersede and replace the Prior Agreement, which shall be of no further force or effect.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="font-size:12pt;">NOW, THEREFORE, in consideration of the mutual promises, covenants, and conditions set forth in this Agreement, the parties agree as follows:</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><b style="font-size:12pt;font-weight:bold;">SECTION&#160;1.&#160;&#160;EMPLOYMENT</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-size:12pt;font-weight:bold;">a.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Position.</b><font style="font-size:12pt;white-space:pre-wrap;"> The Company wishes to continue to employ the Executive as Senior Vice President and Chief Financial Officer of the Company reporting to the Chairman and Chief Executive Officer of the Company, and the Executive hereby agrees to continue in such position for the term of this Agreement and to perform those duties and responsibilities as shall be assigned to the Executive by the Board of Directors of the Company (the &#8220;</font><u style="font-size:12pt;text-decoration:underline;text-decoration-color:#000000;">Board</u><font style="font-size:12pt;">&#8221;) or its designee and that are consistent with the Executive&#8217;s position.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-size:12pt;font-weight:bold;">b.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Executive&#8217;s Commitment.</b><font style="font-size:12pt;white-space:pre-wrap;"> The Executive shall consider the Executive&#8217;s employment by the Company as the Executive&#8217;s principal employment, shall devote the Executive&#8217;s necessary time and attention to the Executive&#8217;s duties and responsibilities under this Agreement, and shall perform the Executive&#8217;s duties and responsibilities to the best of the Executive&#8217;s abilities. While subject to any provision of this Agreement, the Executive shall maintain loyalty to the Company and shall take no action that would directly or indirectly promote any competitor or injure the Company&#8217;s interests. Subject to the foregoing, the Executive may engage in other business activities to the extent that they do not interfere with the Executive&#8217;s obligations under this Agreement, provided that each of those activities is first disclosed to and approved by the Board.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><b style="font-size:1