EXHIBIT 10.14
[NITROMED LETTERHEAD]
NitroMed, Inc. Manuel Worcel, M.D. One Kendall Square PRESIDENT Building 100 CHIEF EXECUTIVE OFFICET Cambridge, MA 02139 Phone: 617-374-9074
Facsimile: 617-374-9173
November 4, 1993
L. Gordon Letts, Ph.D. 14 Pond Brook Road Newtown, CT 06470
Dear Dr. Letts:
We would like to formally offer you the position of Vice President of Research of NitroMed. I know you share with us the enthusiasm in the mission of the Company, which is to develop Nitric Oxide based drugs.
As Vice President of Research, you will be responsible for the definition, follow-up and implementation of NitroMed's Drug Discovery programs, as well as the selection, recruitment and supervision of the members of the Research Team. You will report to the Chief Executive Officer.
Base Salary: $150,000 per annum paid in 24 equal payments.
Performance Bonus: Cash bonus based upon performance of 20% of base
salary paid at year end.
Stock: You will be offered options to purchase 125,000
shares of common stock of the Company. The
exercise price of these options will be set by
the B ...
*End of Preview*
Click the 'Add to Cart' button to download the complete and formatted agreement.