Sample Business Contracts

Employment Agreement - Biogen Inc. and William Asher

Employment Forms

Employment Contract. Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
Consulting Agreement. Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights.
Commission Agreement. Employers who compensate their sales employees based on commissions can prepare an agreement to reduce misunderstandings by specifying the base salary and how commissions are calculated.
Executive Employment Agreement. Companies may offer their business executives a contract that is different from the one provided to their regular employees. Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions.
Sales Representative Contract. Independent sales representatives offer companies the potential to increase the sale of products or services without the burden of increasing headcount. Both parties should understand how commissions are calculated, when commissions will be paid, as well as how the representative will treat confidential information from the company and whether the representative may also sell a competing line of products or services.
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                                  BIOGEN, INC.
                              14 Cambridge Center
                              Cambridge, MA 02142


                                                       July 15, 2002


William Asher, Esq.
Testa, Hurwitz & Thibeault LLP
High Street Tower
125 High Street
Boston, MA 02110

Dear Bill:

          In order to implement the letter agreement entered into by Biogen,
Inc. (the "Company") and James L. Vincent on July 15, 2002 (the "letter
agreement"), the Company and Mr. Vincent have agreed as follows:

     (a)  Mr. Vincent has agreed to promptly vacate the Company's offices;
however, the Company has no objection to Mr. Vincent having physical access to
his current office for a limited period of up to four weeks from this date and
access to his current secretarial support for up to ten weeks from this date,
in order to sort out his personal and business affairs and papers. In addition,
the Company will, at no cost to Mr. Vincent, provide its personnel or (if it
chooses) third-party services to move Mr. Vincent's personal goods and
materials to an off-site location in the Boston area.

     (b)  The Company grants permission under the terms of the non-solicitation
agreement set forth in Section 10(d) of the Employment Agreement (as defined in
the letter agreement) for Mr. Vincent to hire one of his present personal
assistants.

     (c)  Mr. Vincent should communicate with Thomas F. Keller in the event
that any issues arise from the implementation of the letter agreement. Further,
Mr. Vincent should communicate with Rick Fisher, Jim Dentzer or Anne

<PAGE>
Marie Cook regarding appropriate mechanical transition or post-termination
issues.

     (d)  Mr. Vincent may continue to use Lehman Brothers to execute "cashless"
stock option exercises.

     (e)  The Company will continue to apply maximum wage and employment tax
withholding, consistent with past practice, in the event that stock options are
exercised by Mr. Vincent's former wife, to the extent permitted by law.

     (f)  In the event that the Company determines to sell its partial share
interest in its Citation 7 aircraft, the Company will consider offering
(although it shall not be obligated to offer) such share interest for sale to
Mr. Vincent for its then fair market value.

     (g)  The Company will provide to Mr. Vincent for his review and comment
prior to the distribution thereof a copy of any proposed press release
announcing Mr. Vincent's retirement from the Company or any other matters
relating to him which are the subject of the letter agreement.

     (h)  The following categories of benefits will be available under Mr.
Vincent's existing contractual arrangements until he reaches age 65; (i)
medical, dental and other group insurance (other than life and disability
insurance which are separately dealt with) as the Company provides for its
senior management, (ii) life insurance, (iii) disability insurance, and (iv)
umbrella liability insurance. Certain provisions regarding life insurance
continue beyond age 65. The more specific nature of these benefits, the extent
of their availability and the obligations of the parties with respect to payment
of the benefits are set forth in the Employment Agreement (as defined in the
letter agreement).

                                        Sincerely,

                                        /s/ Frank A. Burke, Jr.
                                        Frank A. Burke, Jr.
                                        Executive Vice President