This Employment Agreement (the Agreement) is entered into as of August 7, 2015, by and between Sukumar Nagendran, M.D. (the Executive) and AveXis, Inc. (the Company).
A. The Company desires the association and services of Executive and his skills, abilities, background and knowledge, and is willing to engage Executives services on the terms and conditions set forth in this Agreement.
B. Executive desires to be in the employ of the Company, and is willing to accept such employment on the terms and conditions set forth in this Agreement.
C. This Agreement supersedes any and all prior and contemporaneous oral or written employment agreements or arrangements between Executive and the Company or any predecessor thereof.
In consideration of the foregoing, the parties agree as follows:
1. EMPLOYMENT BY THE COMPANY.
1.1 Position; Duties; Location. Subject to the terms and conditions of this Agreement, Executive shall hold the position
of Senior Vice President and Chief Medical Officer. Executives activities shall be as directed by the Companys Chief Executive Officer and shall have such duties, authorities and responsibilities commensurate with the duties, authorities and responsibilities of persons in similar capacities in similarly sized companies. Executive shall devote Executives full business energies, interest, abilities and productive time to the proper and efficient performance of Executives duties under this Agreement. Executive shall report to the Chief Executive Officer and shall work primarily from the Companys headquarters, which are being established in Chicago, Illinois, provided that the Company reserves the right to require periodic business travel.
1.2 Policies and Procedures. The employment relationship between the parties shall be governed by this Agreement and by the policies and practices established by the Company and/or the Board. In the event that the terms of this Agreement differ from or are in conflict with the Companys policies or practices, this Agreement shall control.