Exhibit 10.1
October 2, 2018
Ms. Katherine Breedis
[address]
Dear Katherine:
This letter shall formalize our offer of employment with MeiraGTx (the “Company”) as a Chief Financial Officer, reporting to Alexandria Forbes, Chief Executive Officer. We would like for your employment to begin on or about October 2, 2018. As a condition of employment, you are required to submit a countersigned copy of this letter and satisfactory completion of the other employee-related contingencies described below on or prior to your start date.
The following information generally outlines certain terms and conditions of your employment with the Company.
Base Salary: Your starting base salary will be $365,000 per annum, which will be paid (less applicable withholding) in accordance with the Company’s then-current payroll policy. The Company currently pays its employees on abi-weekly basis.
Guaranteed Incentives: You will be eligible for 40,000sign-on options, based on approval of the Board of Directors and outside counsel for MeiraGTx. Further information regarding vesting and pricing will be provided after your start date.
Discretionary Incentives: You may be entitled to participate in our annual, discretionaryyear-end incentive compensation plan which may include a cash bonus and/or equity options. These incentives will be commensurate with your position and based upon your performance and the Company’s performance, as determined by management. You will be eligible for a 40% target bonus, based on your performance as well as the Company’s performance.
Vacation: You will be entitled to participate in the current Paid Time Off Program followed by the Company.
401(k): A 401(k) plan is available to eligible employees after three full months of service; additional information regarding the plan will be provided if you become eligible for participation.
Benefits: You will be eligible for benefits provided by the Company, from time to time, to its employees.
