SEC Contract Filing

Filing Date: 2023-05-22

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

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<TD VALIGN="bottom" ALIGN="right"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">18706 NORTH CREEK PARKWAY</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">SUITE 104</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">BOTHELL, WA
98011</P></TD></TR>
</TABLE> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">May 18, 2023 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Andrew Gengos </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[Address] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">[Email] </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Andrew: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are pleased to offer you a position with Athira Pharma, Inc. (the &#147;Company&#148;). If you decide to join us, you will become part of a
fast-paced and dedicated team that works together to accelerate the development of life changing therapeutics. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Effective as of Thursday,
May&nbsp;18, 2023, you will serve as Chief Financial Officer/Chief Business Officer and will report to the Company&#146;s Chief Executive Officer. You will perform the duties and responsibilities customary for such position and such other related
duties as are reasonably assigned by the Company&#146;s Chief Executive Officer. By accepting this offer, you confirm that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the
Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You will perform your duties from Massachusetts but will travel to Company&#146;s corporate offices located in Bothell,
Washington as reasonably required by the Company and necessary to perform your job duties. You will be reimbursed for reasonable approved expenses incurred during the course of business, including travel. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If you decide to join us, your full-time annual base salary will be $465,000.00 which will be payable, less any applicable withholdings, in
accordance with the Company&#146;s normal payroll practices.&nbsp;Your annual base salary will be subject to review and adjustment by the Company from time to time.&nbsp;&nbsp;&nbsp;&nbsp; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">You will first be eligible for an annual discretionary performance bonus for the 2023 calendar year, which will be payable in 2024.&nbsp;The
annual discretionary performance bonus will be in an amount up to 40% of your base salary.&nbsp;Your 2023 annual bonus will be prorated for the portion of the fiscal year you were employed by the Company (beginning with your employment start
date).&nbsp;You will also be eligible to participate in other discretionary bonus plans and programs established by the Company for its employees from time to time, subject to the applicable terms and conditions thereof, including without limitation
any eligibility requirements.&nbsp;Unless determined otherwise by the Company, any bonus will be subject to your continued employment through and until the date of payment and will be subject to any applicable withholdings.&nbsp;Any bonus and the
applicable terms and conditions thereof may be adjusted from time to time by the Company in its sole discretion.</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As an employee, you are
also eligible to receive certain employee benefits in accordance with the terms and conditions of the applicable Company benefit plans and policies, as may be in place from time to time. Notwithstanding anything else in this letter, you should note
that Company may modify your salaries and benefits from time to time as it deems necessary and upon prior written notice to you. </P>
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