Exhibit 10.1
EMPLOYMENT AGREEMENT
This Agreement by and between KERYX BIOPHARMACEUTICALS, INC. ("Keryx"), a Delaware
corporation having an address at 101 Main Street, Cambridge, Massachusetts 02142 and BARRY COHEN, an
individual residing at 38 King Arthur Court, New City, New York 10956 ("Cohen").
WITNESSETH:
WHEREAS, the Corporation desires to employ Cohen as Vice President, Business Development of Keryx and
Cohen desires to be employed by the Keryx as Vice President, Business Development of Keryx, all pursuant to
the terms and conditions hereinafter set forth;
NOW THEREFORE, in consideration of the foregoing and the mutual promises and covenants herein contained,
it is agreed as follows:
1. EMPLOYMENT DUTIES
Keryx hereby engages and employs Cohen, and Cohen accepts engagement and employment, as Vice President,
Business Development of Keryx, to direct, supervise and have responsibilities for the business development
affairs of Keryx and for any other appropriate areas and tasks which the Board of Directors and/or the Chief
Executive Officer may assign to him. Cohen acknowledges and agrees that the performance by Cohen of his
duties hereunder may require significant domestic and international travel by Cohen.
2. TERM
Cohen's employment hereunder shall be for a term of three (3) years commencing on __________, and
continuing through __________ (the "Initial Term"), with successive one-year renewals thereafter (the "Renewal
Terms") unless sooner terminated as hereinafter provided. (The Initial Term and Renewal Terms are collectively
referred to as the "Term.")
3. COMPENSATION
(a) As compensation for the performance of his duties on behalf of Keryx, Cohen shall be compensated as
follows:
(i) BASE SALARY. Cohen shall receive an annual gross base salary of one hundred and seventy five thousand
dollars ($175,000) payable in accordance with the Corporation's payroll policies and subject to standard payroll
deductions and withholdings. The Corporation's Board of Directors shall revi