Exhibit 10.1
10/28/2024
Robin Kramer
[ ]
Dear Robin,
I am pleased to offer you a promotion to Executive Vice President (EVP), Chief Financial Officer effective February 28, 2025. This position will
report to Biogens Chief Executive Officer, Chris Viehbacher.
The specific terms of our offer are as follows:
Salary: This is a full-time, exempt position and your starting annual salary will be $750,000, which will be paid biweekly in accordance with our
standard payroll processes.
Annual Bonus Plan: You will be eligible to participate in the Biogen Annual Bonus Plan, with a target bonus
opportunity of 80% of your annual base salary. Based upon your promotion date, your target bonus amount may be pro-rated. Eligibility details and other terms of the Plan are included in the current years
Plan document, which are available on BiogenConnect.
Long-Term Incentive Plan: You will be eligible for an annual award in 2025 with a target
value of $3,750,000. This award will be granted in accordance with the terms of the LTI plan in place at the time of the grant.
Your employment at Biogen
continues to be employment at-will. This means that just as you are free to leave your employment at any time, with or without cause or notice, Biogen also has the same right to terminate your employment at
any time, with or without cause or notice.
In addition to agreeing to and signing this appointment letter, please also sign the attached Employee
Proprietary Information and Inventions and Non-Compete Agreement, as with this appointment, you will become an Executive Officer of the Company.
Finally, outlined below are the additional benefits you are eligible for as an EVP, some of which you are already eligible for as a VP+ executive:
Additional Executive Benefits
Vacation: You are
entitled to vacation days based on years of service measured from your hire date at Biogen (November 19th, 2018)
Supplemental Savings Plan: You will be entitled to participate in Biogens Supplemental Savings Plan (SSP). This plan allows you to make pre-tax deferrals up to 80% of your base salary and up to 100% of your Annual Bonus payment and certain other eligible incentive payments. Your contributions to this plan may be limited by your contributions towards
other plans (e.g., 401(k), ESPP, medical, etc.). If you were not previously eligible for the SSP, enrollment information will be sent to you shortly.
Life Insurance: You will be provided life insurance coverage equal to three times your annual base salary, subject to meeting the medical standards
stated in the group term life insurance policy for U.S. employees. Biogen pays the premium for this insurance. The IRS requires employers to impute the value of company-paid life insurance for coverance over $50,000. This imputed income will be
displayed on your pay stub.
225 Binney Street, Cambridge, MA
02142 Phone 781-464-2000 www.biogen.com