SEC Contract Filing

Filing Date: 2017-11-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>vstm-20170930ex101f04d22.htm
<DESCRIPTION>EX-10.1
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 <font style="display:inline;font-weight:bold;">Exhibit 10.1</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">EMPLOYMENT AGREEMENT</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">THIS EMPLOYMENT AGREEMENT (the &#x201C;Agreement&#x201D;), dated October 9, 2017 (the &#x201C;Effective Date&#x201D;), is by and between Verastem, Inc. (the &#x201C;Company&#x201D;), a Delaware corporation with its principal place of business at 117 Kendrick Street, Suite 500, Needham, MA 02494, and NgocDiep T. Le&nbsp;&nbsp;(the &#x201C;Executive&#x201D;).</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">WHEREAS, the Executive has certain experience and expertise that qualify her to provide management direction and leadership for the Company.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">WHEREAS, the Company wishes to employ the Executive to serve as its Chief Medical Officer.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company offers and the Executive accepts employment upon the following terms and conditions:</font>
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 <font style="display:inline;font-weight:bold;">Position and Duties.&nbsp; </font><font style="display:inline;color:#000000;">Upon the terms and subject to the conditions set forth in this Agreement, the Company hereby offers and the Executive hereby accepts employment with the Company to serve as its Chief Medical Officer reporting initially to the Company&#x2019;s Chief&nbsp;&nbsp;Operating Officer.&nbsp;&nbsp;The Executive agrees to perform the duties of the Executive&#x2019;s position and such other duties as reasonably may be assigned to the Executive from time to time.&nbsp;&nbsp;The Executive also agrees that while employed by the Company, the Executive will devote one hundred percent (100%) of the Executive&#x2019;s business time and the Executive&#x2019;s reasonable commercial efforts, business judgment, skill and knowledge exclusively to the advancement of the business and interests of the Company and to the discharge of the Executive&#x2019;s duties and responsibilities for it.&nbsp;&nbsp; Subject to prior approval of the President and Chief Executive Officer, the Executive may join the board of directors or advisory committee of one company, provided such service does not interfere with the Executive&#x2019;s duties hereunder, pose a conflict of interest or breach any provisions of this Agreement or the Employee Non-Solicitation, Non-Competition, Confidential Information and Inventions Assignment Agreement referenced below.</font></p></td></tr></table></div>