SEC Contract Filing

Filing Date: 2025-03-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.16
<SEQUENCE>3
<FILENAME>rigl-20241231xex10d16.htm
<DESCRIPTION>EX-10.16
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 10.6.128.0--><!--Created on: 3/4/2025 07:58:15 PM (UTC)--><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:9.8%;padding-right:9.97%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [*], HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.</p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;margin:0pt;"><font style="font-size:10pt;font-weight:bold;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">Exhibit 10.16</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;margin:0pt 0pt 0pt 13.5pt;"><font style="font-size:10pt;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;margin:0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:4.55pt 0pt 0pt 0pt;"><font style="color:#0c0c0c;">December 20, 2023</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;margin:0.15pt 0pt 0pt 0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="color:#0c0c0c;">Lisa Rojkjaer</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:2.41;text-indent:-0.75pt;margin:0pt 340.4pt 0pt 0pt;"><font style="color:#0c0c0c;">[*]</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:2.41;text-indent:-0.75pt;margin:0pt 340.4pt 0pt 0pt;"><font style="color:#0c0c0c;letter-spacing:0.2pt;">Re</font><font style="color:#212831;letter-spacing:0.2pt;">: </font><font style="color:#0c0c0c;">Employment Terms </font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:2.41;text-indent:-0.75pt;margin:0pt 340.4pt 0pt 0pt;"><font style="color:#0c0c0c;">Dear Lisa:</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.17;text-indent:-0.05pt;margin:0.4pt 7.75pt 0pt 0pt;"><font style="color:#0c0c0c;">Rigel Pharmaceuticals, Inc. (the Company) is pleased to offer you the position of Executive VP, Chief Medical Officer (CMO) on the terms set forth in this letter.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;margin:0.15pt 0pt 0pt 0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:-0.25pt;margin:0.05pt 7.5pt 0pt 0pt;"><font style="color:#0c0c0c;">This is a full-time, exempt position reporting to Raul Rodriguez, President/ CEO. You will be responsible for all duties customarily associated with this position and such duties as may be assigned to you by the Company from time to time. You will work remotely, and at our facility located</font><font style="color:#0c0c0c;letter-spacing:-0.45pt;"> </font><font style="color:#0c0c0c;">at</font><font style="color:#0c0c0c;letter-spacing:-0.65pt;"> </font><font style="color:#0c0c0c;">611</font><font style="color:#0c0c0c;letter-spacing:0.45pt;"> </font><font style="color:#0c0c0c;">Gateway</font><font style="color:#0c0c0c;letter-spacing:-0.45pt;"> </font><font style="color:#0c0c0c;">Blvd,</font><font style="color:#0c0c0c;letter-spacing:-1.05pt;"> </font><font style="color:#0c0c0c;">Suite</font><font style="color:#0c0c0c;letter-spacing:-0.9pt;"> </font><font style="color:#0c0c0c;">900,</font><font style="color:#0c0c0c;letter-spacing:-1.4pt;"> </font><font style="color:#0c0c0c;">South</font><font style="color:#0c0c0c;letter-spacing:-0.95pt;"> </font><font style="color:#0c0c0c;">San</font><font style="color:#0c0c0c;letter-spacing:-0.55pt;"> </font><font style="color:#0c0c0c;">Francisco,</font><font style="color:#0c0c0c;letter-spacing:-0.65pt;"> </font><font style="color:#0c0c0c;">California.</font><font style="color:#0c0c0c;letter-spacing:-0.85pt;"> </font><font style="color:#0c0c0c;">Of</font><font style="color:#0c0c0c;letter-spacing:-0.8pt;"> </font><font style="color:#0c0c0c;">course,</font><font style="color:#0c0c0c;letter-spacing:-1pt;"> </font><font style="color:#0c0c0c;">the</font><font style="color:#0c0c0c;letter-spacing:-0.15pt;"> </font><font style="color:#0c0c0c;">Company may change your position, duties and work location from time to time, as it deems</font><font style="color:#0c0c0c;letter-spacing:1.4pt;"> </font><font style="color:#0c0c0c;">necessary.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:11.5pt;margin:0.1pt 0pt 0pt 0pt;"><font style="font-size:10pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.21;text-indent:0.1pt;margin:0pt 6.65pt 0pt 0pt;"><font style="color:#0c0c0c;">If you accept this offer (the &quot;Agreement&quot;), your annual salary will be $495,000 (Four Hundred Ninety Five Thousand Dollars and No Cents), less all required withholdings and any voluntary payroll deductions, which salary will be reviewed periodically. In addition, as a participant in Rigel&#39;s Annual Cash Incentive Plan (CIP), you will be eligible for an annual target bonus of 50% of your eligible wages earned within the fiscal year. The annual bonus is based upon the achievement of your individual and the Company&#39;s goals, as well as such other