Exhibit 10.1
July 24, 2023
Juan Pablo Frias, MD
Dear Juan,
I am pleased to offer you employment with Biomea Fusion Inc. (the "Company"). The purpose of this letter is to set forth the terms of your proposed employment with the Company. If you indicate your agreement to the terms in this letter by signing the last page, this letter will constitute your employment agreement with the Company (the "Agreement").
1. Employment and Duties.
2. Compensation.
Biomea Fusion Inc.
900 Middlefield Road, 4th Floor, Redwood City, CA 94063
www.biomeafusion.com
Exhibit 10.1
3. Expense Reimbursement.
You will be entitled to reimbursement from the Company for all customary, ordinary and necessary business expenses incurred by you in the performance of your duties hereunder, provided you furnish the Company with vouchers, receipts and other details of such expenses within thirty (30) days after they are incurred. You must obtain written permission of your immediate superior before incurring any expense in excess of $2,000 (two thousand dollars).
4. Fringe Benefits.
5. Outside Employment and Competition During Employment Prohibited.
A. During your employment with the Company: (i) you will devote your full working time and effort to the performance of your duties; and (ii) except as approved in writing by the Company's President and Chief Executive Officer, you will not directly or indirectly, whether for your own account or as an employee, consultant, or advisor, provide services to any business enterprise other than the Company.
B. Notwithstanding the provisions of Section 6(A), you will have the right to perform such incidental services as are necessary in connection with (i) your private passive investments, (ii) your charitable or community activities, and (iii) your participation in trade or professional organizations, but only to the extent such incidental services do not interfere with the performance of your services.
6. Proprietary Information/Intellectual Property.
Upon signing this Agreement, you will also sign and deliver to the Company the standard-form Proprietary Information and Inventions Assignment Agreement.
7. Termination of Employment.
Biomea Fusion Inc.
900 Middlefield Road, 4th Floor, Redwood City, CA 94063
www.biomeafusion.com
Exhibit 10.1
8. Waiver of Jury Trial; Miscellaneous
9. Background Check
This offer is contingent upon a clear background check. You agree to assist as needed and to complete any documentation at the Company's request to meet this condition. Should your background check not be completed before your scheduled start date, the Company will permit you to start work provisionally, subject to a final clear background check. If the contingency for the background check is not met, then your employment will be terminated for Cause.
Please indicate your acceptance of the foregoing provisions of this employment agreement by signing the enclosed copy of this agreement and returning it to the Company. This offer, if not accepted, will expire within two days of the date of this offer letter.
Biomea Fusion Inc.
900 Middlefield Road, 4th Floor, Redwood City, CA 94063
www.biomeafusion.com
Exhibit 10.1
Very truly yours, | |
Biomea Fusion Inc. | |
By |
/s/ Thomas Butler |
| Thomas Butler |
| CEO |
ACCEPTED BY AND AGREED TO | |
Signature: |
/s/ Juan Frias |
Print Name: | Juan P. Frias |
Dated: | July 31st, 2023 |
Biomea Fusion Inc.
900 Middlefield Road, 4th Floor, Redwood City, CA 94063
www.biomeafusion.com