Dyax (DYAX)

Employment Agreements

        Several of our Named Executive Officers' compensation and other arrangements are set forth in employment letters provided to them when they joined us or were promoted to their current positions. Since the date of their respective employment letters, the compensation paid to each executive has been increased and additional compensation has been awarded. In addition, we have approved a standard form of agreement for each of our executive officers other than our Chief Executive Officer to provide them benefits in the event of termination without cause or resignation for good reason within twelve months after a change in control of our company.

Employment Agreements

        Several of our executives' compensation and other arrangements are set forth in employment letters provided to them when they joined us or were promoted to their current positions. Since the date of their respective employment letters, the compensation paid to each executive has been increased and additional compensation has been awarded. In addition, we have approved a standard form of agreement for each of our executive officers other than our Chief Executive Officer to provide them benefits in the event of termination without cause or resignation for good reason within twelve months after a change in control of our company.

Employment Agreements

We do not have formal employment agreements with any of our executive officers; however, several of our executives’ compensation and other arrangements are set forth in employment letters provided to them when they joined us or were promoted to their current position. Since the date of their respective employment letters, the compensation paid to each of these executives has been increased and additional compensation has been awarded.