![]() However, in the case of coverage for the Employee himself or for one or Most of the cost of such benefits shall be borne by the Company. (hospitalization and major medical), dental, disability, life, and accidental death and dismemberment insurance. In addition to the compensation outlined elsewhere in this Section 2, the Company shall provide to the Employee all of the benefits included in the Companys standard benefit package, which currently include medical ![]() In the absence of any suchĬhange, the Employees base salary shall remain the same as it was during the Compensation Period.īenefits. Any such change in compensation shall be deemed to modify only this Section 2 of this Agreement, and all other provisions of this Agreement shall remain in effect following such change in compensation. As of the end of the Compensation Period, the Employees base salary may be increased or decreased, or the manner in which the Employee is compensated may be changed, in the sole discretion of theĬompany. ![]() Standard sales commission plan, which may be modified by the Company at any time in the Companys sole discretion. If Employee is a commission-eligible member of the sales team, Employee shall be eligible to receive commission under the Companys Period during which the Employee is actually employed with the Company, such base salary to be paid monthly. March 9, 2009 and ending on March 8, 2010 (the ∼ompensation Period), the Company shall pay the Employee a base salary computed at an annual rate of $150,000 per year, prorated to correspond to that portion of the Compensation As compensation for the Employees services during the period beginning (a) Base Salary During the Compensation Period. Interpreted as promising or guaranteeing employment for any specific duration or until any specific date. References to time periods in this Agreement shall not be construed or The Employee acknowledges and agrees that no representative of the Company may verbally change the at will employment relationship between the Employee and the Company. The Employee acknowledges and agrees that the Employee is an employee at will, and that just as the Employee is free to resign at any time, the Company has the right to terminate the employment relationship at any time for any lawful reason. Notice, except that in this event, the compensation and benefits set forth in Section 2 shall be continued for the duration of the Notice Period, provided that the foregoing shall not modify the terms and conditions of any Company stock option Notwithstanding the foregoing, the Company may elect to terminate employment immediately upon Party at any time, for any reason, upon 30 days notice (the Notice Period), which notice may be given either verbally or in writing. Employment commences on March 9, 2009 (∾mployment Commencement Date) and may be terminated by either NOW THEREFORE, in consideration of the promises and covenants set forth below, the parties agree as follows:ġ. WHEREAS, the Company and Employee desire to define the rights and obligations between them with respect to the subject matter hereto. Shaw Group (as hereinafter defined), and may in the course of Employees employment with the Company discover or conceive one or more inventions and Schrödinger Companies and/or, as the case may be, the D. WHEREAS, in connection with such duties, Employee may have access to certain confidential information and trade secrets of one or more (as hereinafter defined) of the Company (collectively, the Company, its subsidiaries, and its other Affiliates shall be referred to as the Schrödinger Companies) WHEREAS, Employee is engaged by the Company to perform certain services for Company and/or one or more subsidiaries of and/or other Affiliates ![]() Prediction, computational ligand docking, and other science and technology fields, and (ii) providing services and performing research involving the use of such software in connection with various biological, chemical, and materials scienceĪpplications, and may engage in other activities in the future (such current and future activities collectively, the ∼ompanys Business) (i) designing, developing, distributing, selling, licensing, leasing and servicing computer software programs for use principally in the fields of quantum chemistry, computational chemistry, molecular mechanics/dynamics, protein structure WHEREAS, the Company is currently in the business of Employment Agreement (∺greement) is dated March 9, 2009 and effective as of the Employment Commencement Date set forth in Section 1 below (∾ffective Date) by and between Schrödinger, Inc., a DelawareĬorporation (∼ompany), and Robert Abel (∾mployee).
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