SEC Contract Filing

Filing Date: 2019-05-14

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>aytu_ex102.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT
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Exhibit 10.2</font></div>
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EMPLOYMENT AGREEMENT</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">This
Employment Agreement (the "Agreement"), is effective as of April
16, 2019 (the &#x201C;Effective Date&#x201D;), between Aytu
BioScience, Inc., a Delaware corporation headquartered at 373
Inverness Parkway, Suite 206, Englewood, CO 80112 USA, hereinafter
referred to as the "Company"), and Jarrett T. Disbrow
(&#x201C;Employee").</font></div>
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RECITALS</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">WHEREAS,</font> the Company is a duly organized
Delaware corporation, with its principal place of business within
the State of Colorado, and is in the business of developing and
marketing pharmaceutical products; and</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">WHEREAS,</font> the Company desires assurance
of the continued association and services of the Employee in order
to continue to retain the Employee&#x2019;s experience, skills,
abilities, background and knowledge, and is willing to continue to
engage the Employee&#x2019;s services on the terms and conditions
set forth in this Agreement; and</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">WHEREAS,</font> Employee desires to be in the
continued employ of the Company, and is willing to accept such
continued employment on the terms and conditions set forth in this
Agreement.</font></div>
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NOW, THEREFORE,</font> the parties hereto agree to the terms and
conditions of this Agreement as follows:</font></div>
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1. Employment for Term.</font> The Company hereby agrees to employ
Employee and Employee hereby accepts such employment with the
Company for the period of 24 months beginning on the Effective
Date. The term of this Agreement (the "Term") shall continue until
the termination of Employee's employment in accordance with the
provisions of this Agreement. The termination of Employee's
employment under this Agreement shall end the Term but shall not
terminate Employee's or the Company's other obligations that are
intended to survive the termination of this Agreement (including
without limitation, the payments under Section 7 and 8 and
Employee&#x2019;s obligations under Section 9).</font></div>
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2. Position and Duties.</font> During the Term, Employee shall
serve as Chairman of the Board (Chairman) and Chief Executive
Officer (CEO) of the Company, and perform such duties as are
consistent with this position. The Employee shall report to the
Board of Directors of the Company. During the Term, Employee shall
also hold such additional positions and titles as the Board of
Directors of the Company (the