EX-99.2 3 a06-6054_1ex99d2.htm EXHIBIT 99

Exhibit 99.2

 

 

 

ISIS PHARMACEUTICALS, INC.

1896 Rutherford Road

Carlsbad, CA 92008

 

MEMORANDUM

 

 

 

 

Date:                                                                   February 27, 2006

 

To:                                                                              B. LYNNE PARSHALL

 

From:                                                               Joseph H. Wender

 

Subject:                                                     SEVERANCE BENEFIT AMENDMENT

 

 

 

Dear Lynne:

 

By letter dated April 8, 2003 the Company offered you severance payments in the event that your employment was terminated without cause or as a result of a Change of Control.  The Company now extends the Severance Period for so long as you are employed by the Company.  Your severance benefits will be 18 months in the event that your employment is terminated without cause and 30 months in the event that your employment is terminated as a result of a Change in Control.

 

Yours truly,

 

/s/ Joseph H. Wender

 

Joseph H. Wender

Chairman, Compensation Committee

 

Telephone 760-603-3848

 

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