(hereinafter referred to as ,,Agreement“
Discovery Technologies Ltd.
(hereinafter referred to als ,,DTL“)
Urs Regenass, Ph.D.
(hereinafter referred to as ,,Employee“)
WHEREAS, DTL and Discovery Partners International (hereinafter referred to as DPI), the 100% shareholder
of DTL, desire to enter into an employement agreement with Dr. Urs Regenass;
WHEREAS, Dr. Urs Regenass desires to become an employee of DTL;
NOW, THEREFORE, in consideration of the promises and mutual covenants herein set forth, the parties
conclude the following Agreement:
DTL hereby employs the Employee as Chief Operating Officer (COO) of DTL and Vice President Biology
of DPI. The rights and duties are defined in a separate document, which shall be an integral part of this
Agreement but this document shall also be subject to modifications as mutually considered necessary. The
Employee is a member of the management team of DPI.
The Employee shall legally be an employee of DTL, be globally responsible as COO for DTL matters and have
at the same time global responsibility for biology matters related to the drug discovery activities of the whole DPI
After duly signed by the parties the Agreement shall become effective upon assuming the active employment by
the Employee with DTL/DPI, but not later than June 30, 2001, and shall be valid for a definite period of two (2)
years. Six months before the ending of the period of the two years, the parties inform each other if they are
prepared to continue the Agreement.
Upon mutual agreement of both parties the Agreement shall be automatically extended for an indefinite period
DTL hereby employs the Employee as Chief Operating Officer (COO) of DTL and Vice Presiden