Amended and Restated Executive Employment Agreement
ARIAD Pharmaceuticals, Inc. (the "Company") a Delaware corporation, and Daniel Bollag, Ph.D. (the
"Employee") enter into the following Amended and Restated Executive Employment Agreement as of the lst day
of May, 2010 (hereafter, the “Agreement”).
WHEREAS, Employee has been employed by the Company under a prior written employment
agreement, including any amendments thereto (hereafter, the “Prior Agreement”);
WHEREAS, the Company wishes to offer the Employee certain enhancements to the payments and
benefits available under the Prior Agreement, in return for certain covenants by the Employee;
WHEREAS, the Employee wishes to accept those enhanced payments and benefits and is willing to give
the covenants that the Company seeks in return;
WHEREAS, the parties mutually intend that this Agreement shall supersede the Prior Agreement and that
this Agreement shall be the sole agreement between them concerning the Company’s employment of the
Employee and the terms and conditions of such employment;
NOW, THEREFORE, the Company and the Employee agree as follows:
Employment, Duties and Acceptance .
The Company hereby employs the Employee, for the Term (as hereinafter
defined), to render full-time services to the Company, and to perform such duties, as the Chief Executive Officer
of the Company shall reasonably direct Employee to perform. The Employee's title shall continue to be Senior
Vice President, Regulatory Affairs and Quality unless and until the Chief Executive Officer shall change such title,
in his or her sole discretion.
The Employee hereby accepts such employment and agrees to render the
services described above.
The principal place of employment of the Employee hereunder shall be in the
greater Boston, Massachusetts area, or other locations reasonably acceptable to the Employee. The Employee