EXECUTIVE EMPLOYMENT AGREEMENT
THIS EXECUTIVE EMPLOYMENT AGREEMENT (“ Agreement ”) is made and entered into as of the 22 nd day of May,
2006, by and between SEATTLE GENETICS, INC., a Delaware corporation (“ Company ”), and Pamela A. Trail (“ Executive ”).
A. The Company desires that Executive perform her services as Chief Scientific Officer of the Company, having been duly
appointed to such position by the Board of Directors of the Company.
B. Executive desires to continue in such engagement.
C. This Agreement contains other provisions applicable to the employment of Executive by the Company.
In consideration of the above Recitals and the provisions of this Agreement, the Company and Executive agree as follows:
1.1 Title and Responsibilities. Executive shall serve as Chief Scientific Officer (“ CSO ”) of the Company, which title may
be changed at any time in the sole discretion of the Company. Executive’s responsibilities and duties shall include those
inherent in Executive’s position with the Company and shall further include such other managerial responsibilities and executive
duties consistent with such position as may be assigned to Executive from time to time by the Chief Executive Officer of the
Company. Executive shall devote her best efforts and full business time to the business and interests of the Company. During
the term of Executive’s employment with the Company, Executive may serve on the board of directors of up to two (2) other
companies, manage personal investments, and engage in civic and charitable activities, provided that such activities shall not
represent a conflict of interest with the Company and do not materially detract from fulfilling Executive’s responsibilities and
duties to the Company.
2.1 Base Salary. Executive shall be paid a base salary (“ Base Salary ”) by the Company during the term of Executive’s
employment at the rate determined by the Compensation