SEC Contract Filing

Filing Date: 2020-05-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>2
<FILENAME>osur-ex103_208.htm
<DESCRIPTION>EX-10.3
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
osur-ex103_208.htm
</title>
</head>
<!-- NG Converter v5.0.2.38 -->
<body>

<p style="text-align:right;margin-bottom:6pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Exhibit 10.3</font></p>
<p style="text-align:center;margin-bottom:6pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">EMPLOYMENT AGREEMENT</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This Employment Agreement (this &#8220;<font style="font-weight:bold;">Agreement</font>&#8221;) is entered into as of May 11, 2020 (the &#8220;<font style="font-weight:bold;">Effective Date</font>&#8221;), between Lisa A. Nibauer (&#8220;<font style="font-weight:bold;">Employee</font>&#8221;) and OraSure Technologies, Inc. (&#8220;<font style="font-weight:bold;">OraSure</font>&#8221; or the &#8220;Company&#8221;).&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:7.69%;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS<font style="font-weight:normal;">, the parties wish to set forth the terms of their relationship and to enter into this Agreement and a confidentiality agreement of even date herewith (the &#8220;Confidentiality Agreement&#8221;).<br /></font><font style="font-weight:normal;margin-left:36pt;"></font><font style="font-weight:normal;"><br /></font><font style="font-weight:normal;margin-left:36pt;"></font>NOW, THEREFORE<font style="font-weight:normal;">, in consideration of the mutual promises made herein, intending to be legally bound, the parties hereby agree as follows:</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:7.69%;font-weight:normal;color:#000000;text-transform:uppercase;font-size:12pt;font-family:Times New Roman;font-style:normal;font-variant: normal;">1.<font style="margin-left:36pt;"></font><font style="font-weight:bold;text-transform:none;color:#000000;">Services.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;color:#000000;font-weight:normal;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1.1<font style="margin-left:72pt;"></font><font style="font-weight:bold;color:#000000;">Employment.</font><font style="color:#000000;">&nbsp;&nbsp;Subject to the terms hereof, the Company agrees to employ Employee as the Company&#8217;s Executive Vice President, Business Unit Leader, Infectious Disease (the &#8220;</font><font style="font-weight:bold;color:#000000;">Position</font><font style="color:#000000;">&#8221;), and Employee hereby accepts such employment in accordance with the terms and conditions of this Agreement. Employee shall begin her employment with the Company on the Effective Date.&nbsp;&nbsp;</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;color:#000000;font-weight:normal;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1.2<font style="margin-left:72pt;"></font><font style="font-weight:bold;">Duties.</font><font style="color:#000000;">&nbsp;&nbsp;Upon the Effective Date, Employee shall have such powers and duties that are (a) commensurate with the Position, (b) set forth in </font><font style="text-decoration:underline;color:#000000;">Exhibit A</font><font style="color:#000000;"> attached to this Agreement, and (c) otherwise determined from time to time by the Board of Directors of OraSure (the &#8220;</font><font style="font-weight:bold;color:#000000;">Board of Directors</font><font style="color:#000000;">&#8221;) or the Chief Executive officer of OraSure (the &#8220;</font><font style="font-weight:bold;color:#000000;">CEO</font><font style="color:#000000;">&#8221;).&nbsp;&nbsp;Employee&#8217;s primary place of work shall be the Company&#8217;s headquarters, at its present location in Bethlehem, Pennsylvania. Subject to the provisions of Section 6 hereof, Employee&#8217;s position and duties may be changed and Employee&#8217;s primary place of work may be relocated from time to time during the Term (as defined below) of this Agreement, and such changes shall not be considered a material change in circumstance that would invalidate the provisions of this Agreement which, in any event, shall survive such change or changes.&nbsp;&nbsp;</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0pt;text-indent:15.38%;color:#000000;font-weight:normal;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1.3<font style="margin-left:72pt;"></font><font style="font-weight:bold;">Outside Activities.</font><font style="color:#000000;">&nbsp;&nbsp;Employee shall obtain the consent of the Board of Directors or the CEO before she engages, either directly or indirectly, in any other professional or business activities that may require an appreciable portion of Employee&#8217;s time.</font></p>
<p style="text-align:justify;margin-bottom:12pt;margin-top:0