OFFER OF EMPLOYMENTExecutive Employment Agreement |
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Exhibit 10.4
[Penwest Pharmaceuticals Co. Letterhead]
February 15, 2005
Mr. Robert Hennessey
39 Old Ridgebury Road
Danbury, CT 06810
Dear Bob:
It is my pleasure to extend to you this offer of employment with Penwest
Pharmaceuticals Co. (the "Company"). On behalf of the Company, I set forth below
the terms of your employment with the Company:
1. You will be employed to serve as President and Chief Executive Officer
of the Company, effective February 15, 2005. As President and Chief Executive
Officer, you will be responsible for the duties inherent in those positions,
plus such other duties as may from time to time be assigned to you by the Board
of Directors of the Compan
