Sample Business Contracts

Employment Agreement - Sequenom Inc. and Toni Schuh

Employment Forms

  • Employment Agreement. 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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                                 SEQUENOM INC.


          This Agreement is entered into between Sequenom, Inc. a Delaware
corporation (the "Company") and Toni Schuh (the "Employee") on  June 1, 2000
(the "Effective Date").  In consideration of, and as a condition of Employee's
employment by Company, and of the compensation to be paid to Employee by
Company, and in recognition of the fact that Employee will have access to the
Company's confidential, proprietary, and trade secret information, Company and
Employee agrees to the terms and conditions set forth in this agreement as

          1.   Employment Status. Employee will accept the position of President
and Chief Executive Officer and will perform for the Company such duties as may
be designated by the Company from time to time. Employee agrees that Employee's
employment with the Company is on an at will basis, is for no specified term and
may be terminated by the Company at any time, with or without Cause (as defined
in Section 10(c) herein) in accordance with section 10 of this agreement.
Similarly, Employee may terminate employment with the Company at any time, for
any reason upon written notice as provided in section 10 of this agreement.
Employee understands and agrees that the at will nature of Employee's employment
relationship with Company cannot be changed or modified, except by a written
agreement signed by the Chairman of the Board of Directors of Company.

          2.   Duties of Employee. Employee shall report to the Board of
Directors of the Company and shall have overall responsibility for the
management, direction, and operations of the company. Employee shall perform
such other duties and have such other responsibilities as may be assigned to
Employee from time to time by the Chairman of the Board of Directors of the

          3.   Loyalty/Covenant not to Compete

          3.1  Loyalty. As long as Employee is employed by the Company, Employee
shall devote full time and efforts to the Company and shall not, without the
Company's prior expressed written consent, engage directly or indirectly in any
employment, consulting or business activity other than for the Company. While
employed by the Company, Employee will not engage in other employment without
the Company's consent, or engage in any activities determined by the Company to
be detrimental to the interests of the Company. Employee will refer to the
Company, all corporate opportunities Employee learns of as a result of service
of an employee of the Company.

          3.2  Agreement not to Participate in Company's Competitors. During the
Term of this Agreement, and during any period during which Employee is receiving
compensation or any other consideration from the Company, including severance
pay pursuant to Section 10(d) herein, the Employee agrees not to acquire, assume
or participate in, directly or indirectly, any position, investment or interest
known by Employee to be adverse or antagonistic to the Company, its business or
prospects, financial or otherwise or in any company, person or entity that is,
directly or indirectly, in competition with the business of the Company or any
of its affiliates. Ownership by the Employee, as a passive investment, of less
than two percent (2%) of the outstanding shares of capital stock of any
corporation with one or more classes of its capital stock listed on a national
securities exchange or publicly traded on the Nasdaq Stock Market or in the
over-the-counter market shall not constitute a breach of this paragraph.

          4.   Compensation and Benefits.

     (a) Employee's compensation as President and Chief Executive Officer shall
   have the following components: (i) base salary at the rate of $300,000 per
   year, less standard deductions and withholdings, payable in accordance with
   the Company's standard payroll policy, and (ii) a signing bonus of $100,000,
   less standard deductions and withholdings. During each full year that
   Employee is employed by Company under this Agreement, Company shall provide
   Employee a bonus of $10,000, less standard deductions and withholdings, in


   addition to Employee's base salary. Company shall provide Employee an annual
   performance bonus as outlined by the Compensation Committee and approved by
   the Board of Directors, less standard deductions and withholdings, in
   addition to Employee's base salary. and (iv) Company shall provide Employee
   with an automobile, which the company will lease on behalf of Employee.

     (b)  The Company has granted to Employee stock options to purchase up to
   516,000 shares of the common stock of the Company (268,437 incentive stock
   options, 247,563 non-qualified stock options), $0.001 par value per share.
   The exercise price for the stock options granted to Employee shall be at
   least equal to the fair market value, as determined by the Board of Director,
   of the common stock of the Company on the date of grant of such option. The
   stock options shall be vested as described in the individual grant option
   agreement. Provided, however, that in the event all, or substantially all, of
   the assets of Sequenom, or a majority of the corporate shares of Sequenom,
   are acquired by another business or by an individual, then all remaining
   unexercised stock options previously granted to Employee shall become 100%
   vested as of the effective date of the acquisition.

     (c)  Employee shall be entitled to participate in such employee benefit
   plans and to receive such other fringe benefits as are customarily afforded
   Company employees. Employee understands that, except when prohibited by
   applicable law, the Company's employee benefit plans and fringe benefits may
   be amended, enlarged, diminished or terminated by the Company from time to
   time, in its sole discretion.

     (d)  Upon submission of itemized expense statements in the manner specified
   by Company, the Company will pay Employee's reasonable travel and other
   reasonable business expenses incurred by Employee in the furtherance of and
   in connection with Employee's employment hereunder.

               5.   Employee's Performance.

               (a)  Employee shall use best efforts to perform assigned duties
diligently, loyally, conscientiously, and with reasonable skill, and shall
comply with all rules, procedures and standards promulgated from time to time by
the Company. Among such rules, procedures and standards are those governing
ethical and other professional standards for dealing with customers, government
agencies, vendors, competitors, consultants, fellow employees, and the
public-at-large; security provisions designed to protect Company property and
the personal security of Company employees; rules respecting attendance,
punctuality, and hours of work; and, rules and procedures designed to protect
the confidentiality of the Company's proprietary/trade secret information. The
Company agrees to make reasonable efforts to inform Employee of such rules,
standards and procedures as are in effect from time to time.

               (b)   The employment relationship between the Parties shall be
governed by the policies and practices established by the Company and its Board
of Directors. The Employee will acknowledge in writing that he has read the
Company's Employee Handbook, which will govern the terms and conditions of his
employment with the Company, along with this Agreement. In the event that the
terms of this Agreement differ from or are in conflict with the Company's
policies or practices or the Company's Employee Handbook, this Agreement shall

               (c)   Employee hereby represents and warrants (i) that Employee
has the full right to enter into this Agreement and perform the services
required of hereunder, without any restriction whatsoever, (ii) that in the
course of performing services hereunder, Employee will not violate the terms or
conditions of any agreement between Employee and any third party or infringe or
wrongfully appropriate any patents, copyrights, confidential information, trade
secrets or other intellectual property rights of any person or entity anywhere
in the world., (iii) that listed on Exhibit A to this Agreement are the names of
all third parties with whom Employee has entered into employment or employment
confidentiality agreements, and (iv) Employee shall provide a copy of each such
agreement referenced herein to Company. It is the understanding of both the
Company and the Employee that the Employee shall not divulge to the Company
and/or its subsidiaries any confidential information or trade secrets belonging
to others, including the Employee's former employers, nor shall the Company
and/or its affiliates seek to elicit from the Employee any such information.
Consistent with the foregoing, the Employee shall not provide to the Company
and/or its affiliates, and the Company and/or its affiliates shall not request,
any documents or copies of documents containing such information.

               6.   Company's Management Rights. The Company retains its full
management prerogatives and discretion to manage and direct its business
affairs, including the adoption, amendment


or modification of research, development, production or marketing decisions as
it sees fit, notwithstanding any individual interest in, or expectation,
Employee may have regarding a particular business program or product.

               7.   Nondisclosure of Confidential, Proprietary or Trade Secret
Information. The Employee agrees to execute and abide by the Proprietary
Information & Inventions Agreement (the "Proprietary Information and Inventions
Agreement") attached hereto as Exhibit B as a condition of employment. The
termination of employment shall not release the Employee from Employee's
obligations under the Employee's Proprietary Information & Inventions Agreement
or as established by applicable laws or Company policies.

               8.   No Solicitation of Customers or Employees. Employee
acknowledges that the Company has invested substantial time, effort and expense
in compiling its confidential, proprietary and trade secret information and in
assembling its present staff of personnel. In order to protect the business
value of the Company's confidential, proprietary and trade secret information,
during Employee's employment with the Company and for one year immediately
following the termination of that employment with the Company:

               (a)  Employee agrees that information regarding all customers and
all prospective customers of the Company, of which Employee learns during
Employee's employment with the Company, is Proprietary Information of the
Company as defined in the Proprietary Information & Inventions Agreement.

               (b)  Employee agrees not to, either directly or indirectly,
solicit business, as to products or services competitive with those of the
Company, from any of the Company's customers or prospective customers with whom
Employee had contact during employment with the Company.

               (c)  Employee agrees not to, directly or indirectly, induce or
     solicit any of the Company's employees to leave their employment with the

               9.   Return of Property. Upon the termination of Employee's
employment with the Company, or at any other time upon request of the Company,
Employee shall promptly return any and all customer or prospective customer
lists, other customer or prospective customer information or related materials,
formulas, computer data and programs, specifications, drawings, blueprints, data
storage devices, reproductions, sketches, notes, memoranda, reports, records,
proposals, business plans, or copies of them, other documents, materials, tools,
equipment, and all other property belonging to the Company or its customers
which Employee then possesses. Employee further agrees, that upon termination of
employment, Employee shall not take any documents or data of any description
containing or pertaining to the Company's Proprietary Information or Inventions,
as those terms are defined in the Proprietary Information & Inventions
Agreement. Upon leaving the Company's employment, Employee agrees to sign a
Termination Certificate confirming that Employee has complied with the
requirements of this Section of the Agreement and that Employee is aware that
certain restrictions imposed by this Agreement continue after termination of
Employee's employment. Employee further understands, however, that Employee's
continuing obligations under the Proprietary Information & Inventions Agreement
will continue even if Employee does not sign a Termination Certificate.

               10.  Termination. Employee's employment hereunder shall terminate
upon the occurrence of any of the following events:

               (a)  The death or legal incapacity of Employee.

               (b)  Written notice of termination from the Company to Employee
as a result of Employee's incapacity or inability to further perform services as
contemplated herein for a period aggregating 90 days or more within any six-
month period, because Employee's physical or mental health has become so
impaired as to make it impossible or impractical for Employee to perform the
duties and responsibilities contemplated hereunder.


               (c)  Written termination notice from the Company to Employee of
Employee's employment termination by the Company for Cause (as hereafter
defined). The Company shall have "Cause" for termination of Employee's
employment if any of the following occur:

               i.   Employee is convicted of, or pleaded guilty or nolo
                    contendere to, any felony, or any lesser crime or offense
                    having as its predicate element fraud or dishonesty;

               ii.  Employee misappropriates, steals or converts any of the
                    property of the Company;

               iii. Employee knowingly and willfully perpetrates any act or
                    omission which submits the Company to criminal liability, or
                    knowingly and willfully causes the Company to commit a
                    material violation of local, state or federal laws, rules or

               iv.  Employee breaches any provision of this Agreement of the
                    Proprietary Information & Inventions Agreement;

               v.   Employee breaches any provision of any other agreement
                    between Employee and the Company and such breach has a
                    material adverse effect on the Company or any of its direct
                    or indirect subsidiaries; or

               vi.  Employee fails or refuses to perform assigned duties and
                    such failure or refusal continues for a period of 10 days
                    following written notice from the Company.

               vii. Employee's violation of any material Company policy,
                    including, but not limited to, the Insider Trading Policy.

               (d)  Written notice from the Company to Employee that Employee's
employment is being terminated without Cause; or

               (e)  Employee's written notice of resignation to the Company.
Employee agrees to provide Company with four weeks notice of Employees' intent
to resign and Employee's resignation shall not become effective until the end of
that four week notice period unless Employee and Company mutually agree

               11.  Payment After Termination. Following termination of
Employee's employment, all payments and benefits provided to Employee under this
Agreement shall cease as of the date of such termination, except that in the
event Employee's employment is terminated by the Company pursuant to Section
10(d), then for the "Severance Pay Period" (as hereafter defined) upon the
Employee's delivery to the Company of a Release and Waiver of claims in the form
attached hereto as Exhibit C: (i) the Company shall pay Employee severance pay
in the form of continuation of Employee's base salary, less standard deductions
and withholdings, such payments to be made at the same time as Employee's salary
otherwise would have been payable, and (ii) the Employee elects continued
coverage under COBRA, the Company will reimburse Employee for the same portion
of Employee's health insurance premiums for Employee and Employee's family, to
the same extent the Company paid those premiums during Employee's employment.
The term "Severance Pay Period" shall mean the period commencing on the
effective date of the termination of Employee's employment under Section 10 and
ending on the earlier to occur of: i) Employee's commencement of employment for
a competing employer, or ii) twelve months subsequent to the date of Employee's
termination. During the "Severance Pay Period," Employee will be available to
consult with the Company without the payment of additional compensation by the
Company as provided in Section 12 herein, and Employee will promptly notify the
Company if Employee commences employment with another employer.

               12.  Consulting. In exchange for the promises and covenants set
forth herein, Employee and the Company agree that during the Severance Pay
Period, Employee shall serve as an independent contractor consultant, subject to
the terms herein.

               (a)  Consulting Services. During the Severance Pay Period,
                    Employee shall be available for up to ten (10) hours per
                    month to consult with the Company in the areas



                    of Employee's expertise, as requested by the Company's CEO
                    or CFO. Employee's consulting services shall be performed
                    via telephone, computer communications, or facsimile unless
                    Employee is specifically requested, with reasonable advance
                    notice, to come to Company premises; and Employee will not
                    have an office on Company premises during the Consulting

               (b)  No Agency or Employment Relationship. During the Severance
                    Pay Period, Employee will not be considered an agent or an
                    employee of the Company; Employee will not have authority to
                    make any representation, contract, or commitment on behalf
                    of the Company and Employee agrees not to do so; and
                    Employee will not be entitled to any of the benefits which
                    the Company may make available to its employees, such as
                    group insurance, profit sharing, or retirement benefits.

               (c)  Other Work Activities. During the Severance Pay Period,
                    Employee may engage in employment, consulting or other work
                    relationships in addition to Employee's work for the
                    Company, provided that Employee complies with Section 3.2
                    herein. The Company agrees to make reasonable arrangements
                    to enable Employee to perform Employee's consulting services
                    for the Company at such times and in such a manner so that
                    it does not unreasonably interfere with other work
                    activities in which Employee may engage.

               (d)  Consulting Information. Employee agrees to not to use or
                    disclose any confidential or proprietary information of the
                    Company which Employee obtains or develops in the course of
                    performing Employee's consulting services for the Company,
                    without prior written authorization from a duly authorized
                    representative of the Company.

               13.  Termination of Company's Obligation. Notwithstanding any
provisions in this Agreement to the contrary, including any provisions contained
in Section 11 or Section 12, the Company's obligations, and the Employee's
rights, pursuant to Section 11 and Section 12 shall cease and be rendered a
nullity immediately should the Employee violate the provisions of Sections 3.2,
7, 8 and/or 9 herein and/or the Proprietary Information and Inventions

               14.  Arbitration. The Company and Employee agree that any
controversy or claim arising out of or relating to this Agreement or the
Company's employment of Employee (including, but not limited to claims arising
under Title VII of the Civil Rights Act of 1964, the Age Discrimination in
Employment Act, the Americans with Disabilities Act, the California Fair
Employment and Housing Act, the California Labor Code, the California
Constitution or any other federal, state or local statutes or common law) or any
dispute arising out of the interpretation or application of this Agreement,
which the Company and Employee are unable to resolve, shall be finally resolved
and settled exclusively by arbitration in San Diego, California by a single
arbitrator who is mutually selected by the Company and Employee. If the Company
and Employee cannot agree upon an arbitrator, then each party shall choose its
own independent representative and those independent representatives shall in
turn choose the single arbitrator within thirty days of the date of the
selection of the first independent representative.

               15.  Miscellaneous.

               (a)  Entire Agreement. This Agreement, including Exhibits A, B, C
and D hereto, represents the Company's and Employee's entire understanding with
respect to the subject matter contained in this Agreement and supersedes all
previous understandings, written or oral between the Company and Employee
concerning the subject matters of this Agreement, including but not limited to
the Employment Agreements dated May 1, 1999 and September 11, 1996. This
Agreement may be amended or modified only with the signed written consent of
both the Company and Employee. No oral waiver, amendment or modification shall
be effective under any circumstances whatsoever.

               (b)  Survival of Certain Sections. Sections 3.2, 7, 8, 9, 11, 12,
13, 14, 15 of this Agreement and the Proprietary Information & Inventions
Agreement shall remain in effect after the termination of Employee's employment
by the Company, regardless of the reason the employment relationship ends.


               (c)  Assignment and Binding Effect. This Agreement shall be
binding upon and inure to the benefit of the Executive and the Executive's
heirs, executors, personal representatives, assigns, administrators and legal
representatives. Because of the unique and personal nature of the Executive's
duties under this Agreement, neither this Agreement nor any rights or
obligations under this Agreement shall be assignable by the Executive. This
Agreement shall be binding upon and inure to the benefit of the Company and its
successors, assigns and legal representatives.

               (d)  Severability. Should any provisions of this Agreement be
held by a court of law to be illegal, invalid or unenforceable, the legality,
validity and enforceability of the remaining provisions of this Agreement shall
not be affected or impaired thereby.

               (e)  Injunctive Relief. Employee recognizes that money damages
alone would not adequately compensate the Company in event of any breach by
Employee of Sections 3, 7, 8 and/or the Proprietary Information & Inventions
Agreement. Therefore, Employee agrees that, in addition to all other remedies
available to the Company at law, in equity, or otherwise, the Company shall be
entitled to injunctive relief to restrain any breach of said Sections and to
enforce the provisions hereof, without showing or proving any actual damage to
the Company or posting any bond.

               (f)  Non-Waiver. No failure by the Company to insist upon strict
compliance with any of the terms, covenants, or conditions hereof, and no delay
or omission by the Company in exercising any right under this Agreement, will
operate as a waiver of such terms, covenants, conditions or rights. A waiver or
consent given by the Company on any one occasion is effective only in that
instance and will not be construed as a bar to or waiver of any right on any
other occasion.

               (g)  Governing Law/Venue. This Agreement shall be governed in all
respects by the laws of the United States of America and by the laws of the
State of California. The parties agree that the venue for any dispute under this
Agreement will be San Diego California, whether in a court of law or before an
arbitrator, as provided herein. The Company and Employee severally recognize and
consent to the jurisdiction over each of them by the courts of the state of

               (h)  Notices. Any notice required or permitted by this Agreement
shall be in writing and shall be delivered as follows with notice deemed given
as indicated: (1) by personal delivery when delivered personally; (2) by
overnight courier upon written verification of receipt; (3) by telecopy or
facsimile transmission upon acknowledgment of receipt of electronic
transmission; or (4) by certified or registered mail, return receipt requested,
upon verification of receipt. Notices to the Employee shall be sent to the last
known address in the Company's records or such other address as the Employee may
specify in writing. Notices to the Company shall be sent to the Company's Chief
Executive Officer to such other Company representative as the Company may
specify in writing.

               (i)  Advertising waiver. The Employee agrees to permit the
Company and/or its affiliates, and persons or other organizations authorized by
the Company and/or its affiliates, to use, publish and distribute advertising or
sales promotional literature concerning the products and/or services of the
Company and/or its affiliates, or the machinery and equipment used in the
provision thereof, in which the Employee's name and/or pictures of the Employee
taken in the course of the Employee's provision of services to the Company
and/or its affiliates, appear. The Employee hereby waives and releases any claim
or right the Employee may otherwise have arising out of such use, publication or




Date: Nov. 10, 2000                     Toni Schuh

                                        /s/ Toni Schuh
                                        Employee's Signature


Date: Nov. 10, 2000                     SEQUENOM, INC.

                                        By: /s/ Helmut Schuhsler, Ph.D.

                                        Title: Chairman, Board of Directors

                                        SEQUENOM, INC.

                                        By: /s/ John E. Lucas

                                        Title: Member, Board of Directors


                                   EXHIBIT A

                 Prior Employment or Confidentiality Agreements


A.   The following lists all are the names of all third parties with whom
     Employee has entered into employment or employment confidentiality

          Helm AG-agreement expired

          Fisons Arzneimittel, GmbH-agreement expired

          UniversitAt Bonn-agreement expired

_____  Additional sheets attached

DATED:       11-14-00

EMPLOYEE:     /s/ Toni Schuh


                                   Exhibit B

                                 Sequenom, Inc.


                            AND INVENTIONS AGREEMENT

     In consideration of my employment or continued employment by Sequenom,
Inc. (the "Company"), and the compensation now and hereafter paid to me, I
hereby agree as follows:

1.   Nondisclosure

     1.1  Recognition of Company's Rights; Nondisclosure. At all times during my
employment and thereafter, I will hold in strictest confidence and will not
disclose, use, lecture upon or publish any of the Company's Proprietary
Information (defined below), except as such disclosure, use or publication may
be required in connection with my work for the Company, or unless an officer of
the Company expressly authorizes such in writing. I will obtain Company's
written approval before publishing or submitting for publication any material
(written, verbal, or otherwise) that relates to my work at Company and/or
incorporates any Proprietary Information. I hereby assign to the Company any
rights I may have or acquire in such Proprietary Information and recognize that
all Proprietary Information shall be the sole property of the Company and its

     1.2  Proprietary Information. The term "Proprietary Information" shall mean
any and all confidential and/or proprietary knowledge, data or information of
the Company. By way of illustration but not limitation, "Proprietary
Information" includes (a) trade secrets, inventions, mask works, ideas,
processes, formulas, source and object codes, data, programs, other works of
authorship, know-how, improvements, discoveries, developments, designs and
techniques, products, methods, improvements, or parts thereof (including without
limitation all inventions, discoveries, and innovations with regard to physics,
chemistry, enzymology, biology, medicine, biotechnology, genetic engineering or
recombinant DNA), tangible and intangible information relating to antibodies and
other biological materials, cell lines, samples of assay components, media
and/or cell lines and procedures and formulations for producing any such assay
components, media and/or cell lines, formulations, products, processes, know-
how, designs, formulas, methods, developmental or experimental work and clinical
data (hereinafter collectively referred to as "Inventions"); and (b) information
regarding plans for research, development, new products, marketing and selling,
business plans, budgets and unpublished financial statements, licenses, prices
and costs, suppliers and customers; and (c) information regarding the skills and
compensation of other employees of the Company. Notwithstanding the foregoing,
it is understood that, at all such times, I am free to use information which is
generally known in the trade or industry, which is not gained as result of a
breach of this Agreement, and my own, skill, knowledge, know-how and experience
to whatever extent and in whichever way I wish.

     1.3  Third Party Information. I understand, in addition, that the Company
has received and in the future will receive from third parties confidential or
proprietary information ("Third Party Information") subject to a duty on the
Company's part to maintain the confidentiality of such information and to use it
only for certain limited purposes. During the term of my employment and
thereafter, I will hold Third Party Information in the strictest confidence and
will not disclose to anyone (other than Company personnel who need to know such
information in connection with their work for the Company) or use, except in
connection with my work for the Company, Third Party Information unless
expressly authorized by an officer of the Company in writing.

     1.4  No Improper Use of Information of Prior Employers and Others. During
my employment by the Company I will not improperly use or disclose any
confidential information or trade secrets, if any, of any former employer or any
other person to whom I have an obligation of confidentiality, and I will not
bring onto the premises of the Company any unpublished documents or any property
belonging to any former employer or any other person to whom I have an
obligation of confidentiality unless consented to in writing by that former
employer or person. I will use in the performance of my duties only information
which is generally known and used by persons with training and experience
comparable to my own, which is common knowledge in the industry or otherwise
legally in the public domain, or which is otherwise provided or developed by the

2.  Assignment of Inventions.

    2.1  Proprietary Rights.  The term "Proprietary Rights" shall mean all trade
secret, patent, copyright, mask work and other intellectual property rights
throughtout the world.

    2.2  Prior Inventions.  Inventions, if any, patented or unpatented, which I
made prior to the commencement of my employment with the Company are excluded
from the scope of this Agreement. To preclude any possible uncertainty, I have
set forth on Exhibit B (Previous Inventions) attached hereto a complete list of
all Inventions that I have, alone or jointly with others, conceived, developed
or reduced to practice or caused to be conceived, developed or reduced to
practice prior to the commencement of my employment with the Company, that I
consider to be my property or the property of third parties and that I wish to
have excluded from the scope of this Agreement (collectively referred to as
"Prior Inventions"). If disclosure of any such Prior Invention would cause me to
violate any prior confidentiality agreement, I understand that I am not to list
such Prior Inventions in Exhibit B but am only to disclose a cursory name for
each such invention, a listing of the party(ies) to whom it belongs and the fact
that full disclosure as to such inventions has not been made for that reason. A
space is provided on Exhibit B for such purpose. If no such disclosure is
attached, I represent that there are no Prior Inventions. If, in the course of
my employment with the Company, I incorporate a Prior Invention into a Company
product, process or machine, the Company is hereby granted and shall have a
nonexclusive, royalty-free, irrevocable, perpetual, worldwide license (with
rights to sublicense through multiple tiers of sublicensees) to make, have made,
modify, use and sell such Prior Invention. Notwithstanding the foregoing, I
agree that I will not incorporate, or permit to be incorporated, Prior
Inventions in any Company Inventions without the Company's prior written

    2.3  Assignment of Inventions.  Subject to Sections 2.4, and 2.6, I hereby
assign and agree to assign in the future (when any such Inventions or
Proprietary Rights are first reduced to practice or first fixed in a tangible
medium, as applicable) to the Company all my right, title and interest in and to
any and all Inventions (and all Proprietary Rights with respect thereto) whether
or not patentable or registrable under copyright or similar statutes, made or
conceived or reduced to practice or learned by me, either alone or jointly with
others, during the period of my employment with the Company. Inventions assigned
to the Company, or to a third party as directed by the Company pursuant to this
Section 2, are hereinafter referred to as "Company Inventions."

    2.4  Nonassignable Inventions.  This Agreement does not apply to an
Invention which qualifies fully as a nonassignable Invention under Section 2870
of the California Labor Code (hereinafter "Section 2870"). I have reviewed the
notification on Exhibit A (Limited Exclusion Notification) and agree that my
signature acknowledges receipt of the notification.

    2.5  Obligation to Keep Company Informed.  During the period of my
employment and for six (6) months after termination of my employment with the
Company, I will promptly disclose to the Company fully and in writing all
Inventions authored, conceived or reduced to practice by me, either alone or
jointly with others. In addition, I will promptly disclose to the Company all
patent applications filed by me or on my behalf within a year after termination
of employment. At the time of each such disclosure, I will advise the Company in
writing of any Inventions that I believe fully qualify for protection under
Section 2870; and I will at that time provide to the Company in writing all
evidence necessary to substantiate that belief. The Company will keep in
confidence and will not use for any purpose or disclose to third parties without
my consent any confidential information disclosed in writing to the Company
pursuant to this Agreement relating to Inventions that qualify fully for
protection under the provisions of Section 2870. I will preserve the
confidentiality of any Invention that does not fully qualify for protection
under Section 2870.

    2.6  Government or Third Party.  I also agree to assign all my right, title
and interest in and to any particular Company Invention to a third party,
including without limitation the United States, as directed by the Company.

    2.7  Works for Hire.  I acknowledge that all original works of authorship
which are made by me (solely or jointly with others) within the scope of my
employment and which are protectable by copyright are "works made for hire,"
pursuant to United States Copyright Act (17 U.S.C., Section 101).

     2.8  Enforcement of Proprietary Rights.  I will assist the Company in every
proper way to obtain, and from time to time enforce, United States and foreign
Proprietary Rights relating to Company Inventions in any and all countries. To
that end I will execute, verify and deliver such documents and perform such
other acts (including appearances as a witness) as the Company may


reasonably request for use in applying for, obtaining, perfecting, evidencing,
sustaining and enforcing such Proprietary Rights and the assignment thereof. In
addition, I will execute, verify and deliver assignments of such Proprietary
Rights to the Company or its designee. My obligation to assist the Company with
respect to Proprietary Rights relating to such Company Inventions in any and all
countries shall continue beyond the termination of my employment, but the
Company shall compensate me at a reasonable rate after my termination for the
time actually spent by me at the Company's request on such assistance.

In the event the Company is unable for any reason, after reasonable effort, to
secure my signature on any document needed in connection with the actions
specified in the preceding paragraph, I hereby irrevocably designate and appoint
the Company and its duly authorized officers and agents as my agent and attorney
in fact, which appointment is coupled with an interest, to act for and in my
behalf to execute, verify and file any such documents and to do all other
lawfully permitted acts to further the purposes of the preceding paragraph with
the same legal force and effect as if executed by me. I hereby waive and
quitclaim to the Company any and all claims, of any nature whatsoever, which I
now or may hereafter have for infringement of any Proprietary Rights assigned
hereunder to the Company.

3.   Records.  I agree to keep and maintain adequate and current records (in the
form of notes, sketches, drawings and in any other form that may be required by
the Company) of all Proprietary Information developed by me and all Inventions
made by me during the period of my employment at the Company, which records
shall be available to and remain the sole property of the Company at all times.

4.   Additional Activities.  I agree that during the period of my employment by
the Company I will not, without the Company's express written consent, engage in
any employment or business activity which is competitive with, or would
otherwise conflict with, my employment by the Company. I agree further that for
the period of my employment by the Company and for one (l) year after the date
of termination of my employment by the Company I will not induce any employee of
the Company to leave the employ of the Company.

5.   No Conflicting Obligation.  I represent that my performance of all the
terms of this Agreement and as an employee of the Company does not and will not
breach any agreement to keep in confidence information acquired by me in
confidence or in trust prior to my employment by the Company. I have not entered
into, and I agree I will not enter into, any agreement either written or oral in
conflict herewith.

6.   Return of Company Documents.  When I leave the employ of the Company, I
will deliver to the Company any and all drawings, notes, memoranda,
specifications, devices, formulas, and documents, together with all copies
thereof, and any other material containing or disclosing any Company Inventions,
Third Party Information or Proprietary Information of the Company. I further
agree that any property situated on the Company's premises and owned by the
Company, including disks and other storage media, filing cabinets or other work
areas, is subject to inspection by Company personnel at any time with or without
notice. Prior to leaving, I will cooperate with the Company in completing and
signing the Company's termination statement.

7.   Legal and Equitable Remedies.  Because my services are personal and unique
and because I may have access to and become acquainted with the Proprietary
Information of the Company, the Company shall have the right to enforce this
Agreement and any of its provisions by injunction, specific performance or other
equitable relief, without bond and without prejudice to any other rights and
remedies that the Company may have for a breach of this Agreement.

8.   Notices.  Any notices required or permitted hereunder shall be given to the
appropriate party at the address specified below or at such other address as the
party shall specify in writing. Such notice shall be deemed given upon personal
delivery to the appropriate address or if sent by certified or registered mail,
three (3) days after the date of mailing.

9.   Notification of New Employer.  In the event that I leave the employ of the
Company, I hereby consent to the notification of my new employer of my rights
and obligations under this Agreement.

10.  General Provisions.

     10.1  Governing Law; Consent to Personal Jurisdiction.  This Agreement will
be governed by and construed according to the laws of the State of California,
as such laws are applied to agreements entered into and to be performed entirely
within California between California residents. I hereby expressly consent to
the personal jurisdiction of the state and federal courts


located in San Diego County, California for any lawsuit filed there against me
by Company arising from or related to this Agreement.

     10.2  Severability.  In case any one or more of the provisions contained in
this Agreement shall, for any reason, be held to be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect the other provisions of this Agreement, and this Agreement
shall be construed as if such invalid, illegal or unenforceable provision had
never been contained herein. If moreover, any one or more of the provisions
contained in this Agreement shall for any reason be held to be excessively broad
as to duration, geographical scope, activity or subject, it shall be construed
by limiting and reducing it, so as to be enforceable to the extent compatible
with the applicable law as it shall then appear.

     10.3  Successors and Assigns.  This Agreement will be binding upon my
heirs, executors, administrators and other legal representatives and will be for
the benefit of the Company, its successors, and its assigns.

     10.4  Survival.  The provisions of this Agreement shall survive the
termination of my employment and the assignment of this Agreement by the Company
to any successor in interest or other assignee.

     10.5  Employment.  I agree and understand that nothing in this Agreement
shall confer any right with respect to continuation of employment by the
Company, nor shall it interfere in any way with my right or the Company's right
to terminate my employment at any time, with or without cause.

     10.6  Waiver.  No waiver by the Company of any breach of this Agreement
shall be a waiver of any preceding or succeeding breach. No waiver by the
Company of any right under this Agreement shall be construed as a waiver of any
other right. The Company shall not be required to give notice to enforce strict
adherence to all terms of this Agreement.

     10.7  Entire Agreement.  The obligations pursuant to Sections 1 and 2 of
this Agreement shall apply to any time during which I was previously employed,
or am in the future employed, by the Company as a consultant if no other
agreement governs nondisclosure and assignment of inventions during such period.
This Agreement is the final, complete and exclusive agreement of the parties
with respect to the subject matter hereof and supersedes and merges all prior
discussions between us. No modification of or amendment to this Agreement, nor
any waiver of any rights under this Agreement, will be effective unless in
writing and signed by the party to be charged. Any subsequent change or changes
in my duties, salary or compensation will not affect the validity or scope of
this Agreement.

     This Agreement shall be effective as of the first day of my employment with
the Company, namely: December 15, 1996

     I have read this Agreement carefully and understand its terms. I have
completely filled out Exhibit B to this Agreement.

Dated: 11-14-00

   /s/ Toni Schuh

(Toni Schuh)

Accepted and Agreed To:

Sequenom, Inc.








                                   Exhibit A


     This is to notify you in accordance with Section 2872 of the California
Labor Code that the foregoing Agreement between you and the Company does not
require you to assign or offer to assign to the Company any invention that you
developed entirely on your own time without using the Company's equipment,
supplies, facilities or trade secret information except for those inventions
that either:

          1.  Relate at the time of conception or reduction to practice of the
              invention to the Company's business, or actual or demonstrably
              anticipated research or development of the Company;

          2.  Result from any work performed by you for the Company.

          To the extent a provision in the foregoing Agreement purports to
require you to assign an invention otherwise excluded from the preceding
paragraph, the provision is against the public policy of this state and is

          This limited exclusion does not apply to any patent or invention
covered by a contract between the Company and the United States or any of its
agencies requiring full title to such patent or invention to be in the United

     I acknowledge receipt of a copy of this notification.

                              By: Toni Schuh
                                   (Printed Name of Employee)

Witnessed by:

(Printed Name of Representative)

                                   Exhibit B

TO:      Sequenom, Inc.

FROM:    Toni Schuh

DATE:    June 1, 2000

SUBJECT: Previous Inventions

     1.  Except as listed in Section 2 below, the following is a complete list
of all inventions or improvements relevant to the subject matter of my
employment by Sequenom, Inc. (the "Company") that have been made or conceived or
first reduced to practice by me alone or jointly with others prior to my
engagement by the Company:

     [X]  No inventions or improvements.

     [_]  See below:


[_]  Additional sheets attached.

     2.  Due to a prior confidentiality agreement, I cannot complete the
disclosure under Section 1 above with respect to inventions or improvements
generally listed below, the proprietary rights and duty of confidentiality with
respect to which I owe to the following party(ies):

    Invention or Improvement  Party(ies)    Relationship

1.  ________________________  ____________  ___________________________________

2.  ________________________  ____________  ___________________________________

3.  ________________________  ____________  ___________________________________

[_]  Additional sheets attached.


                                   Exhibit C

                         RELEASE AND WAIVER OF CLAIMS

     In consideration of the payments and other benefits set forth in Section 11
of the Employment Agreement dated June 1, 2000, to which this form is attached,
I, Toni Schuh , hereby furnish Sequenom (the "Company"), with the following
release and waiver ("Release and Waiver").

     I hereby release, and forever discharge the Company, its officers,
directors, agents, employees, stockholders, successors, assigns, affiliates,
parent, subsidiaries, and Benefit Plans, of and from any and all claims,
liabilities, demands, causes of action, costs, expenses, attorneys' fees,
damages, indemnities and obligations of every kind and nature, in law, equity,
or otherwise, known and unknown, suspected and unsuspected, disclosed and
undisclosed, arising at any time prior to and including my employment
Termination Date with respect to any claims relating to my employment and the
termination of my employment, including but not limited to, claims pursuant to
any federal, state or local law relating to employment, including, but not
limited to, discrimination claims, claims under the California Fair Employment
and Housing Act, and the Federal Age Discrimination in Employment Act of 1967,
as amended ("ADEA"), or claims for wrongful termination, breach of the covenant
of good faith, contract claims, tort claims, and wage or benefit claims,
including but not limited to, claims for salary, bonuses, commissions, stock,
stock options, vacation pay, fringe benefits, severance pay or any form of

     I also acknowledge that I have read and understand Section 1542 of the
California Civil Code which reads as follows: "A general release does not extend
to claims which the creditor does not know or suspect to exist in his favor at
the time of executing the release, which if known by him must have materially
affected his settlement with the debtor." I hereby expressly waive and
relinquish all rights and benefits under that section and any law of any
jurisdiction of similar effect with respect to any claims I may have against the

     I acknowledge that, among other rights, I am waiving and releasing any
rights I may have under ADEA, that this Release and Waiver is knowing and
voluntary, and that the consideration given for this Release and Waiver is in
addition to anything of value to which I was already entitled as an executive of
the Company. I further acknowledge that I have been advised, as required by the
Older Workers Benefit Protection Act, that: (a) the Release and Waiver granted
herein does not relate to claims which may arise after this Release and Waiver
is executed; (b) I have the right to consult with an attorney prior to executing
this Release and Waiver (although I may choose voluntarily not to do so); and if
I am over 40 years of age upon execution of this Release and Waiver: (c) I have
twenty-one (21) days from the date of termination of my employment with the
Company in which to consider this Release and Waiver (although I may choose
voluntarily to execute this Release and Waiver earlier); (d) I have seven (7)
days following the execution of this Release and Waiver to revoke my consent to
this Release and Waiver; and (e) this Release and Waiver shall not be effective
until the seven (7) day revocation period has expired.

Date: 11-14-00                     By:  /s/ Toni Schuh
      ------------                     --------------------------
                                        Toni Schuh, Ph.D.

                                   EXHIBIT D

                                  Toni Schuh
                              Key Contract Terms

Title                 President and CEO
                      Member, Board of Directors

Salary                $300,000 base salary
                      Retroactive to June 1, 2000

Cash bonus for 2000   $100,000 sign on bonus as CEO

                      Up to $150,000 due with the July 01, 2001 pay check based
                      on a sliding scale adjusted stock price as determined by
                      the Compensation Committee. Share price to be calculated
                      as the average closing price in June 2001.

Options               150,000 shares based on 3 milestones achieved adjusted by
Milestone &           an index formula including selected companies as
std. 4 yr. vesting    determined by the Compensation Committee. If the index
                      exceeds 100% the upside will be paid in cash in a
                      negotiated amount based on the difference between the
                      option price and the new price.

                      Goals to be achieved:

                      1.  Meet year 2000 revenue goal.

                      2.  Enter into a significant collaboration with a leading
                      genomic and a leading pharmaceutical/life science company.

                      3.  Complete a significant financing/equity event.

Car                   Leased company car

Severance             12 month severance

                                SEQUENOM, INC.

                        NOTICE OF GRANT OF STOCK OPTION

Notice is hereby given of the following option grant (the "Option") to purchase
shares of the Common Stock of Sequenom, Inc. (the "Corporation"):

          Optionee:  Toni Schuh

          Grant Date:  July 31, 2000

          Vesting Commencement Date:  June 1, 2000

          Exercise Price:  $28.31 per share

          Number of Option Shares:  150,000 shares

          Expiration Date:  July 31, 2010

          Type of Option:  _____ Incentive Stock Option
                             X   Non-Statutory Stock Option

          Vesting Schedule:  The Option Shares shall become exercisable as
          follows: In a series of forty-eight (48) successive equal monthly
          installments upon Optionee's completion of each additional month of
          Service over the forty-eight (48) month period measured from the
          Vesting Commencement Date or, if earlier upon completion of
          milestones. Upon completion of the milestones, vesting of shares will
          occur as follows: (1) 50,000 shares will become exercisable if
          Sequenom meets year 2000 revenue goal. (2) 50,000 shares will become
          exercisable if Sequenom enters into a significant collaboration with a
          leading genomic and a leading pharmaceutical/life science company. (3)
          50,000 shares will become exercisable if Sequenom completes a
          significant financing/equity event. In no event shall any additional
          Option Shares vest after Optionee's cessation of Service.

          Above vesting is subject to the Evolution Index of Sequenom's total
          market cap relative to comparable/competing companies. The index is
          made up of selected companies as determined by the Compensation
          Committee. The calculation of the Index Performance (IP) is as
          follows: IP = [(sum of average share prices of Index companies in June
          2001)] divided by [(sum of average share prices of Index companies in
          June 2000)]. The calculation of Sequenom Performance (SP) is: SP =
          [(market cap based on average share price in June 2001) minus (market
          cap based on average share price in June 2000)] divided by [(market
          cap based on average share price in June 2000)]. The Evolution Index
          equals [1 + SP] divided by [1 + IP]. EI is not to exceed the value 1.

          Optionee understands and agrees that the Option is granted subject to
          and in accordance with the terms of the Sequenom, Inc. 1999 Stock
          Incentive Plan (the "Plan"). Optionee further agrees to be bound by
          the terms of the Plan and the terms of the Option as set forth in the
          Stock Option Agreement as can be viewed on Sequenom's intranet site,
          or a hard copy may be requested. Optionee hereby acknowledges access
          to a copy of the official prospectus for the Plan in the form
          available on Sequenom's intranet site. A copy of the Plan is available
          upon request made to the Corporate Secretary at the Corporation's
          principal offices.

          Employment at Will. Nothing in this Notice or in the attached Stock
          Option Agreement or in the Plan shall confer upon Optionee any right
          to continue in Service for any period of specific duration or
          interfere with or otherwise restrict in any way the rights of the
          Corporation (or any Parent or Subsidiary employing or retaining
          Optionee) or of Optionee, which rights are hereby expressly reserved
          by each, to terminate Optionee's Service at any time for any reason,
          with or without cause.

          Definitions. All capitalized terms in this Notice shall have the
          meaning assigned to them in this Notice or in the attached Stock
          Option Agreement.

DATED: July 31, 2000

                                 SEQUENOM, INC.

                                 By:  /s/ Steve Zaniboni

                                 Title: Chief Financial Officer

                                        /s/ Toni Schuh
                                 Toni Schuh, OPTIONEE