0000950156-09-000104 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • May 29th, 2009 • Igi Inc • Biological products, (no disgnostic substances) • Delaware

THIS EMPLOYMENT AGREEMENT (the “Agreement”), is made on this 18th day of May 2009, by and between IGI Laboratories, Inc., having an address at 105 Lincoln Avenue, Buena, New Jersey 08310 (the “Company”) and Phillip S. Forte, having an address at 151 North Congress Street, Newtown, PA 18940 (the “Executive”). The Company and the Executive are collectively referred to hereinafter as the “Parties”.

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NON-QUALIFIED STOCK OPTION AWARD AGREEMENT
Non-Qualified Stock Option Award Agreement • May 29th, 2009 • Igi Inc • Biological products, (no disgnostic substances) • Delaware

THIS NON-QUALIFIED STOCK OPTION AWARD AGREEMENT (this “Agreement”) is made as of May 29, 2009 (the “Effective Date”), between IGI Laboratories, Inc. (the “Company”) and Phillip S. Forte (the “Optionee”).

EMPLOYMENT AGREEMENT
Employment Agreement • May 29th, 2009 • Igi Inc • Biological products, (no disgnostic substances) • Delaware

THIS EMPLOYMENT AGREEMENT (the “Agreement”), is made on this 29th day of May 2009, by and between IGI Laboratories, Inc., having an address at 105 Lincoln Avenue, Buena, New Jersey 08310 (the “Company”) and Hemanshu Pandya, having an address at 7 Nottinghill Court, Manalapan, NJ 07726 (the “Executive”). The Company and the Executive are collectively referred to hereinafter as the “Parties”.

SEPARATION OF EMPLOYMENT AGREEMENT AND GENERAL RELEASE
Separation of Employment Agreement • May 29th, 2009 • Igi Inc • Biological products, (no disgnostic substances) • Delaware

THIS SEPARATION OF EMPLOYMENT AGREEMENT AND GENERAL RELEASE (the “Agreement”) is made as of the date set forth below immediately above the signatures hereto, by and between IGI Laboratories, Inc., having an address at 105 Lincoln Avenue, Buena, New Jersey 08310 (the “Company”) and Rajiv Mathur, having an address at 35 Milestone Drive, Ringoes, New Jersey 08551 (“Mathur”).

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