Exhibit 10.1
CONSULTING AGREEMENT
THIS CONSULTING AGREEMENT (this “Agreement”), entered into as of April 22, 2023, (the “Effective Date”), by and between Esther Rajavelu (the “Consultant”) and Fulcrum Therapeutics, Inc., a company located at 26 Landsdowne Street Cambridge, MA 02139 (hereinafter “Company”).
WHEREAS, Company desires to retain the services of Consultant as an independent consultant with respect to certain activities as described in this Agreement, and Consultant is willing to so act.
NOW, THEREFORE, Consultant and Company agree as follows:
to any such pending action. Consultant agrees to promptly inform Company in writing if Consultant is subject to the foregoing, or if any action, suit, claim, investigation, or proceeding relating to the foregoing is pending, or to the best of Consultant’s knowledge, is threatened.
any personal data, including information from which an individual may be identified and that Consultant receives from or on behalf of Company, or that is controlled, possessed, stored, transmitted or processed by Consultant for or on behalf of Company.
IN WITNESS WHEREOF, the parties hereto have entered into this Agreement as of the Effective Date.
CONSULTANT COMPANY
By: /s/ Esther Rajavelu By: /s/ Robert J. Gould
Name: Esther Rajavelu Name: Robert J. Gould
EXHIBIT A
DESCRIPTION OF SERVICES
Consultant to provide strategic advice as requested by the CEO from time to time,
No minimum hours of commitment, actual hours agreed to between CEO and Consultant
COMPENSATION
For the initial three-month consulting period, Consultant shall receive $52,780 on a monthly basis. The monthly compensation amount is derived from Consultant’s monthly base salary and an amount commensurate with 1/12 of her annual bonus target. During the initial three-month term of this Agreement, should either party terminate this Agreement prior to the completion of the three-month term, Consultant shall receive a total of $158,340, as if services were provided for the entire three-month period. For any future, three-month term, payment shall be provided to Consultant on a pro rata basis dependent upon the number of days where consulting services were provided. For example, if Consultant or the Company terminates the Agreement on the forty-fifth day of a subsequent three-month term, Consultant would receive 50% of total due for a three month term.
Stock options awarded to Consultant during her employment shall continue to vest during the time period when Consultant is providing consulting services to the Company.
Company agrees that Consultant’s time period to exercise vested stock options shall be twelve
(12) months commencing on the last day of consulting for the Company.
Company agrees to pay Consultant the sum of $6,000 for contract initiation related expenses within 15 days of the Effective Date.
Actual expenses incurred in connection with the provision of Services will be reimbursed monthly with invoiced fees. Expenses shall be itemized on invoice and accompanied by copies of receipts.