SEC Contract Filing

Filing Date: 2018-11-06

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>2
<FILENAME>ingn-ex102_289.htm
<DESCRIPTION>EX-10.2
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.2</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">INOGEN, INC. </font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">EMPLOYMENT AND SEVERANCE AGREEMENT</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:10.46%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This EMPLOYMENT AND SEVERANCE AGREEMENT (this &#8220;<font style="text-decoration:underline;">Agreement</font>&#8221;), is made and effective as of ___<font style="text-decoration:underline;">8/17/18</font>___ (the &#8220;<font style="text-decoration:underline;">Effective Date</font>&#8221;), by and between Inogen, Inc., a Delaware corporation (the &#8220;<font style="text-decoration:underline;">Company</font>&#8221;), and Bart Sanford (the &#8220;<font style="text-decoration:underline;">Executive</font>&#8221;). </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:24pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WITNESSETH: </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:10.46%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Company desires to enter into this Agreement to set forth the terms of Executive&#8217;s employment beginning on the date Executive commences employment with the Company (the &#8220;<font style="text-decoration:underline;">Start Date</font>&#8221;) and Executive desires to enter into this Agreement and commence employment with the Company, subject to the terms and conditions set forth below.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:10.46%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, in consideration of the promises and mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are mutually acknowledged, the Company and Executive hereby agree as follows: </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:10.46%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Section 1. <font style="font-weight:bold;">Definitions</font>. </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:10.46%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a) <font style="margin-left:36pt;"></font>&#8220;<font style="text-decoration:underline;">Accrued Obligations</font>&#8221; shall mean (i) all accrued but unpaid Base Salary through the date of termination of Executive&#8217;s employment, (ii) any unpaid or unreimbursed expenses incurred in accordance with Section 7 below, (iii) any benefits provided under the Company&#8217;s employee benefit plans, subject to the terms hereof, and (iv) any benefits under policies, if any, upon a termination of employment, in accordance with the terms contained therein, including, without limitation, rights with respect to accrued but unused vacation. </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:10.46%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b) <font style="margin-left:36pt;"></font>&#8220;<font style="text-decoration:underline;">Annual Bonus</font>&#8221; shall have the meaning set forth in Section 4(b) below. </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:10.46%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(c) <font style="margin-left:36pt;"></font>&#8220;<font style="text-decoration:underline;">Base Salary</font>&#8221; shall mean the salary provided for in Section 4(a) below, subject to any modification by the Company, under Section 4(a). </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:10.46%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(d) <font style="margin-left:36pt;"></font>&#8220;<font style="text-decoration:underline;">Board</font>&#8221; shall mean the Board of Directors of the Company. </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:10.46%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(e) <font style="margin-left:36pt;"></font>&#8220;<font style="text-decoration:underline;">Cause</font>&#8221; shall mean (i) Executive&#8217;s conviction of any crime (A) constituting a felony or (B) that has, or could reasonably be expected to result in, an ad