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EMPLOYMENT AGREEMENT OF BRUCE MYERS
This employment agreement (the "Agreement") is made and entered into as of October 10, 2001 (the "Effective Date"), by and
between Pharmacopeia, Inc., (hereinafter the "Company"), and Bruce C. Myers (hereinafter "Mr. Myers").
WHEREAS, Mr. Myers has been employed by the Company since December 1998, most recently in the capacity of Executive
Vice President and Chief Financial Officer;
WHEREAS, the Company desires to continue to employ Mr. Myers in the capacity of Executive Vice President and Chief
Financial Officer on the terms set forth in this Agreement;
WHEREAS, Mr. Myers desires to continue to render services in the capacity of Executive Vice President and Chief Financial
Officer on the terms set forth in this Agreement;
NOW, THEREFORE, in consideration of their mutual promises and intending to be legally bound, the parties agree as follows:
a. The Company agrees to employ Mr. Myers as Executive Vice President and Chief Financial Officer upon the terms
and conditions set forth in this Agreement. Mr. Myers will be based in San Diego, California, and will report to the
Company's Chief Executive Officer.
b. Mr. Myers's duties, powers and responsibilities as Chief Financial Officer shall be those which are customary for
such position, as may be determined from time to time by the Board of Directors of the Company ("the Board") and the
Chief Executive Officer. Mr. Myers agrees to perform and discharge such duties well and faithfully and to be subject to
the supervision and direction of the Board and of the Chief Executive Officer.
c. The position of Executive Vice President and Chief Financial Officer is a full-time position. Mr Myers agrees to
devote Mr. Myers' full time effort, attention, and energies to this position. Mr. Myers will not render any professional
services or engage in any acti