Time Off: In addition to 11 Company paid holidays, you will receive a total of 15 days of Earned Time Off (vacation and personal) each year which is earned pro rata on a bi-monthly basis. Additionally, full-time employees are eligible for 8 days of paid sick time.
Benefits: You will be eligible to participate in the Company’s forthcoming benefit programs including medical and dental insurance, disability plans, and other employee benefit programs available. The Company reserves the right to change or revise its compensation, benefits and benefit programs from time to time in its discretion without prior notice.
Employment At-Will: Your employment will be at-will, meaning that you are not being offered employment for a definite period and that either you or the Company may terminate the employment relationship at any time for any reason. Your employment at-will status can only be modified in a written agreement signed by you and by an officer of the Company.
Eligibility for Severance: You will be eligible to receive severance upon the terms and conditions set forth in the attached Agreement to Pay Severance.
Proprietary Information, No Conflicts: As a condition of your at-will employment, you will be required to sign an Employee Confidential Information and Invention Assignment Agreement on or before your starting date.
In your work for the Company, you will be expected not to use or disclose any confidential information, including trade secrets, of any former employer or other person to whom you have an obligation of confidentiality. Rather, you will be expected to use only that information which is generally known and used by persons with training and experience comparable to your own, which is common knowledge in the industry or otherwise legally in the public domain, or which is otherwise provided or developed by the Company. You agree that you will not bring onto Company premises any unpublished documents or property belonging to any former employer or other person to whom you have an obligation of confidentiality.
We understand that you currently are not subject to any agreements which restrict your activities for the Company. We understand that you remain an inactive employee at Regeneron Pharmaceuticals through December 17, 2021, though have no restrictions or conflicts which restrict your acceptance of this offer. By accepting this offer below, you represent that you are subject to no agreements which might restrict your conduct at the Company; and that you understand that if you become aware at any time during your employment with the Company that you are subject to any agreements which might restrict your conduct at the Company, you are required to immediately inform the Company of the existence of such agreements.
Employment Eligibility Verification: This offer is contingent upon a reference check and satisfactory proof of your right to work in the United States. You agree to assist as needed and to complete any documentation at the Company’s request to meet these conditions. On your first day of employment, you must provide us with appropriate documents to establish your eligibility to work in the United States (e.g., Social Security Card, Drivers’ License, U.S. Passport). We will not be able to employ you if you fail to comply with this requirement.
Company maintains a smoke-free, drug-free workplace policy and supports equal employment opportunities for all of its employees.
This letter, together with your Employee Confidential Information and Invention Assignment Agreement, forms the complete and exclusive statement of your employment agreement with the Company. It supersedes any other agreements or promises made to you by anyone, whether oral or written. Changes in your employment terms, other than those changes expressly reserved to the Company’s discretion in this letter, require a written modification signed by an officer of the Company. If any provision of this offer letter agreement is determined to be invalid or unenforceable, in whole or in part, this determination shall not affect any other provision of this offer letter agreement and the provision in question shall be modified so as to be rendered enforceable in a manner consistent with the intent of the parties insofar as possible under applicable law.
