Exhibit 10.2
June 23, 2023
By Electronic Delivery
Christian Gormsen
Dear Mr. Gormsen:
As we have discussed, your employment with Eargo, Inc., a Delaware corporation (the “Company”) will terminate, by reason of your voluntary resignation, effective as of June 30, 2023 (the “Separation Date”). The purpose of this letter (the “Agreement”) is to confirm the terms concerning your separation from employment, as follows:
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If the terms of this Agreement are acceptable to you, please sign, date and return it to me no later than the Separation Date. At the time you sign it, this Agreement will take effective as a legally binding agreement between you and the Company on the basis set forth above. The enclosed copy of this letter, which you should also sign and date, is for your records.
Formalities aside, I want to take this opportunity to thank you for all of your efforts on behalf of the Company and to wish you well in your future endeavors.
Sincerely,
EARGO, INC.
By: /s/ Christy La Pierre___________
Name: Christy La Pierre
Title: Chief Legal Officer
Accepted and agreed:
Signature: _/s/ Christian Gormsen___________________________
Christian Gormsen
Date: _23 June 2023_______________________________
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EXHIBIT A
General RELEASE OF CLAIMS
This General Release of Claims (“Release”) is entered into as of the latest date set forth below, between Christian Gormsen (Executive) and Eargo, Inc., a Delaware corporation (the “Company”) and, together with Executive, (the “Parties”), effective eight (8) days after Executive’s signature hereto (the “Effective Date”), unless Executive revokes Executive’s acceptance of this Release as provided in Paragraph 1(c), below.
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“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.”
BEING AWARE OF SAID CODE SECTION, EXECUTIVE HEREBY EXPRESSLY WAIVES ANY RIGHTS EXECUTIVE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER STATUTES OR COMMON LAW PRINCIPLES OF SIMILAR EFFECT.
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IN WITNESS WHEREOF, and intending to be legally bound, the Parties have executed the foregoing on the dates shown below.
EXECUTIVE
/s/ Christian Gormsen____________
Christian Gormsen
Date: _23 June 2023______________
EARGO, INC.
/s/ Christy La Pierre___________
By: Christy La Pierre
Title: Chief Legal Officer
Date: _23 June 2023______________
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