0001193125-13-085823 Sample Contracts

MANAGEMENT RETENTION AGREEMENT
Management Retention Agreement • March 1st, 2013 • Ap Pharma Inc /De/ • Pharmaceutical preparations • California

This Management Retention Agreement (the “Agreement”) is dated as of December 3, 2012, by and between Mark S. Gelder, M.D. (“Employee”) and A.P. Pharma, Inc., a Delaware corporation (the “Company”). This Agreement is intended to provide Employee with certain benefits described herein upon the occurrence of specific events.

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