EMPLOYMENT AGREEMENT OF JOSEPH A. MOLLICA
This employment agreement (the "Agreement") is made and entered into as of the 26th day of February, 2001,
by and between Pharmacopeia, Inc., (hereinafter the "Company"), and Joseph A. Mollica, Ph.D. (hereinafter
WHEREAS, Dr. Mollica has been employed by the Company as Chief Executive Officer of Pharmacopeia, Inc.
("Chief Executive Officer"), most recently under the terms of a three year agreement dated December 16, 1997;
WHEREAS, the Company desires to continue to employ Dr. Mollica to render services during the term of this
Agreement in the capacity of Chief Executive Officer on the terms set forth in this Agreement;
WHEREAS, Dr. Mollica desires to render services during the term of this Agreement in the capacity of Chief
Executive 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 Dr. Mollica as Chief Executive Officer upon the terms and conditions set forth
in this Agreement.
b. Dr. Mollica's duties, powers and responsibilities as Chief Executive 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"). Dr. Mollica agrees to perform and discharge such duties well and faithfully and to be subject to the
supervision and direction of the Board.
c. The position of Chief Executive Officer is a full-time position. Dr. Mollica agrees to devote his full time effort,
attention, and energies to this position. Dr. Mollica will not render any professional services or engage in any
activity which might be competitive with, adverse to the best interest of, or create the appearance of a conflict of
interest with the Company. The Company acknowledges that Dr. Mollica currently serves on the following
boards: Nexell Therapeutics, Genecor Internation