SEC Contract Filing

Filing Date: 2015-05-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>2
<FILENAME>jazzq12015ex102.htm
<DESCRIPTION>OFFER LETTER
<TEXT>
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<a name="sCD93D9BF45FEB2073B8E264D7B48660C"></a><div></div><br><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;">Exhibit 10.2</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;"><br></font></div><div style="line-height:110%;text-align:left;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;">March 25, 2015</font></div><div style="line-height:110%;text-align:left;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;font-weight:bold;">Re:&#160;&#160;&#160;&#160;Offer of Employment with Jazz Pharmaceuticals</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;">Dear Karen,</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;">I am very pleased to invite you to join Jazz Pharmaceuticals. This letter sets out the basic terms of your employment with Jazz Pharmaceuticals. </font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:12pt;padding-left:24px;"><font style="font-family:Arial Narrow;font-size:12pt;font-weight:bold;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:justify;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;font-style:italic;font-weight:bold;">Duties and Responsibilities</font><font style="font-family:Arial Narrow;font-size:12pt;">. Your initial assignment will be as Global Head of Research &amp; Development and Chief Medical Officer, reporting to me. This offer is for a full time position, located at Jazz Pharmaceuticals&#8217; offices in Palo Alto. The position will require you to travel to other locations, including internationally, as necessary to fulfill your responsibilities. As part of your employment relationship, you agree to comply with Jazz Pharmaceuticals&#8217; policies and procedures in effect from time to time during your employment. As an exempt employee, you are expected to work the number of hours required to do your job well. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:12pt;padding-left:24px;"><font style="font-family:Arial Narrow;font-size:12pt;font-weight:bold;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:justify;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;font-style:italic;font-weight:bold;">Compensation.</font><font style="font-family:Arial Narrow;font-size:12pt;">&#32;&#32;Contingent upon approval of the Compensation Committee of the Jazz Pharmaceuticals plc Board of Directors (&#8220;Compensation Committee&#8221;)</font><font style="font-family:Arial Narrow;font-size:10pt;">:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:14px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:110%;font-size:12pt;padding-left:72px;"><font style="font-family:Arial Narrow;font-size:12pt;">a.</font></div></td><td style="vertical-align:top;"><div style="line-height:110%;text-align:justify;font-size:12pt;"><font style="font-family:Arial Narrow;font-size:12pt;font-style:italic;font-weight:bold;">Salary and Bonus</font><font style="font-family:Arial Narrow;font-size:12pt;">. Your initial annual base salary will be $475,000 payable in accordance with Jazz Pharmaceuticals&#8217; customary payroll practices, for all hours worked. Salary is subject to periodic review and adjustment by Jazz Pharmaceuticals, in accordance with its normal practices; we have a company-wide performance review process that takes place early in each calendar year. The Company has a cash bonus plan under which annual bonuses may be given based on the Company meeting its annual objectives, and