CHIEF EXECUTIVE EMPLOYMENT AGREEMENT
THIS AGREEMENT is made and entered into this 21 day of April, 1999, by and between TRIMERIS, INC., a
Delaware corporation (the "Company"), and DANI P. BOLOGNESI ("Executive").
W I T N E S S E T H:
WHEREAS, Executive and the Company deem it to be in their respective best interests to enter into an
agreement providing for the Company's employment of Executive pursuant to the terms herein stated; NOW,
THEREFORE, in consideration of the premises and the mutual promises and agreements contained herein, it is
hereby agreed as follows:
1. Effective Date. This Agreement shall be effective as of the 12th day of March, 1999, which date shall be
referred to herein as the "Effective Date".
2. Position and Duties.
(a) The Company hereby employs Executive as its Chief Executive and Scientific Officer commencing as of the
Effective Date for the "Term of Employment" (as herein defined below). In this capacity, Executive shall devote
his best efforts and his full business time and attention to the performance of the services customarily incident to
such offices and position and to such other services of a senior executive nature as may be reasonably requested
by the Board of Directors (the "Board") of the Company which may include services for one or more subsidiaries
or affiliates of the Company. Executive shall in his capacity as an employee and officer of the Company be
responsible to and obey the reasonable and lawful directives of the Board.
(b) Executive shall devote his full time and attention to such duties, except for sick leave, reasonable vacations,
and excused leaves of absences as more particularly provided herein. Executive shall use his best efforts during
the Term of Employment to protect, encourage, and promote the interests of the Company.
(c) Notwithstanding paragraph 2(b), and with Company consent, Executive shall be entitled to sit as a director on
one (1) other board of directors so long as doing so presents no conflict of inte