SEC Contract Filing

Filing Date: 2024-01-23

Document Content:
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<TYPE>EX-10.1
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<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="right"><B>Execution Version</B></TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EMPLOYMENT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This EMPLOYMENT AGREEMENT (the &#147;<B>Agreement</B>&#148;) is entered into by and between Lantheus Medical Imaging, Inc., a Delaware
corporation (the &#147;<B>Company</B>&#148;), and <B>Brian Markison</B> (&#147;<B>Executive</B>&#148;), effective as of January&nbsp;23, 2024 (the &#147;<B>Start Date</B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In consideration of the premises and mutual covenants herein and for other good and valuable consideration, the parties agree as follows: </P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U><FONT STYLE="white-space:nowrap">At-Will</FONT> Employment.</U> Employer hereby employs Executive, and
Executive hereby accepts such employment and agrees to perform services for Employer, for the period and on the other terms and subject to the conditions set forth in this Agreement. Employee shall commence employment with the Company on the Start
Date. Such employment shall be <FONT STYLE="white-space:nowrap">&#147;at-will&#148;</FONT> employment. Subject to the terms of this Agreement, the Company may terminate Executive&#146;s employment and this Agreement for any reason at any time, with
or without prior notice and with or without Cause (as defined below), but subject to certain terms set forth in Section&nbsp;9. Similarly, subject to the terms of this Agreement, Executive may terminate his employment at any time, subject to
Section&nbsp;9. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Position.</U> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">From the Start Date through February&nbsp;29, 2024, Executive shall serve as the Executive Chairman of Lantheus
Holdings, Inc. (&#147;<B>Lantheus</B>&#148;) and the Company and as a member of the Board of Directors of Lantheus (the &#147;<B>Board</B>&#148;). </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">From and after March&nbsp;1, 2024, Executive shall serve as the Chief Executive Officer of Lantheus and the
Company and shall continue to serve as a member of the Board. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">In such capacities, Executive shall report to the Board, and Executive shall have such duties and
responsibilities as are consistent with such titles and positions and/or such other duties and responsibilities as may be assigned from time to time by the Board. If requested, Executive shall serve as an officer or a member of the Board of
Directors of any of the Company&#146;s subsidiaries or affiliates without additional compensation. Executive shall be based <FONT STYLE="white-space:nowrap">in-person</FO