SEC Contract Filing

Filing Date: 2021-03-31

Document Content:
<DOCUMENT>
<TYPE>EX-10.24
<SEQUENCE>8
<FILENAME>ex_238350.htm
<DESCRIPTION>EXHIBIT 10.24
<TEXT>
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<p style="margin-bottom: 0; text-align: right; margin-top: 0; font-family: &quot;Times New Roman&quot;; font-size: 10pt"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.24</b></font></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>AMENDED EXECUTIVE EMPLOYMENT AGREEMENT</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">THIS EXECUTIVE EMPLOYMENT AGREEMENT (&#8220;Agreement&#8221;) is made between BioLife Solutions Inc., a Delaware corporation (&#8220;Employer&#8221; or the &#8220;Company&#8221;), and Sarah Aebersold (&#8220;Executive&#8221;). Executive and the Company are sometimes referred to herein as the &#8220;Parties.&#8221; The effective date is January 1, 2021.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>RECITALS</b></p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: justify;">A.&nbsp;&nbsp;&nbsp;&nbsp;Employer is in the business (the &#8220;Business&#8221;) of manufacturing and marketing biopreservation media and cold chain products for cells, tissues, and organs.</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: justify;">B.&nbsp;&nbsp;&nbsp;&nbsp;Employer desires to obtain the services of Executive, in which capacity Executive has access to Employer&#8217;s Confidential Information (as hereinafter defined), and to obtain assurance that Executive will protect Employer&#8217;s Confidential Information and will not compete with Employer or solicit its customers or its other employees during the term of employment and for a reasonable period of time after termination of employment pursuant to this Agreement, and Executive is willing to agree to these terms.</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: justify;">C.&nbsp;&nbsp;&nbsp;&nbsp;Executive desires to be assured of the salary and other benefits provided for in this Agreement.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>AGREEMENT</b></p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"><b>NOW, THEREFORE, </b>in consideration of the mutual covenants herein contained, and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties agree as follows:</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: justify;">1.<b>&nbsp;&nbsp;&nbsp;&nbsp;Employment</b>.</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 36pt; text-indent: 18pt; text-align: justify;">a.&nbsp;&nbsp;&nbsp;&nbsp;Employer hereby employs Executive, and Executive agrees to be employed as Vice President, Global Human Resources (&#8220;VPHR&#8221;), in accordance with the terms and conditions set forth in this Agreement. Changes may be made from time to time by Employer and/or the Board in its sole discretion to the duties, authorities, reporting relationships and title of Executive.</p>

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