Retention Plan Agreement Sample Contracts

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RETENTION PLAN AGREEMENT
Retention Plan Agreement • December 22nd, 2010 • Eurand N.V. • Pharmaceutical preparations

This RETENTION PLAN AGREEMENT (the “Agreement”) is made and entered into as of this 20th day of September, 2010, by and between Eurand N.V., a Netherlands corporation (the “Company”), Eurand S.p.A. and Mario Crovetto (the “Executive”).

FIRST AMENDMENT TO RETENTION PLAN AGREEMENT
Retention Plan Agreement • December 22nd, 2010 • Eurand N.V. • Pharmaceutical preparations

This First Amendment (the “Amendment”) to the Retention Plan Agreement by and between Eurand N.V., a Netherlands corporation (the “Company”), Eurand, Inc. and John Fraher (the “Executive”), dated as of September 20, 2010 (the “Retention Plan Agreement”), is entered into between the Company and the Executive.

FORM OF RETENTION PLAN AGREEMENT FOR VICE PRESIDENTS
Retention Plan Agreement • March 16th, 2009 • Orthovita Inc • Surgical & medical instruments & apparatus

In connection with your position as of Orthovita, Inc. (the “Company”), the Compensation Committee to the Board of Directors of the Company has determined to provide you with a continuation of your base salary in the event your employment with the Company is terminated in connection with a “Change of Control” of the Company (as defined in the Company’s 2007 Omnibus Equity Compensation Plan or any successor plan thereto (the “Plan”)). Specifically, if within one year after a Change of Control of the Company, (a) the Company terminates your employment for any reason other than pursuant to a “Termination for Cause” (as defined in the Plan), your disability or death, or (b) you voluntarily terminate employment with the Company on account of a “Constructive Termination” (as defined below), you will receive a series of payments that is equal to your monthly base salary, as in effect immediately prior to your termination of employment, for a maximum of twelve (12) months for Vice Presidents w

RETENTION PLAN AGREEMENT FOR VICE PRESIDENTS
Retention Plan Agreement • March 16th, 2009 • Orthovita Inc • Surgical & medical instruments & apparatus

In connection with your position as Senior Vice President of Operations for Orthovita, Inc. (the “Company”), the Compensation Committee to the Board of Directors of the Company has determined to provide you with a continuation of your base salary in the event your employment with the Company is terminated in connection with a “Change of Control” of the Company (as defined in the Company’s 2007 Omnibus Equity Compensation Plan or any successor plan thereto (the “Plan”)). Specifically, if within one year after a Change of Control of the Company, (a) the Company terminates your employment for any reason other than pursuant to a “Termination for Cause” (as defined in the Plan), your disability or death, or (b) you voluntarily terminate employment with the Company on account of a “Constructive Termination” (as defined below), you will receive a series of payments that is equal to your monthly base salary, as in effect immediately prior to your termination of employment, for a maximum of twe

FORM OF RETENTION PLAN AGREEMENT FOR VICE PRESIDENTS
Retention Plan Agreement • March 16th, 2007 • Orthovita Inc • Surgical & medical instruments & apparatus

In connection with your position as Vice President of ____________ for Orthovita, Inc. (the “Company”), the Compensation Committee to the Board of Directors of the Company has determined to provide you with a continuation of your base salary in the event your employment with the Company is terminated in connection with a “Change of Control” of the Company (as defined in the Company’s 1997 Equity Compensation Plan). Specifically, if within one year after a Change of Control of the Company, (a) the Company terminates your employment for any reason other than “Cause” (as defined in the Company’s 1997 Equity Compensation Plan), your disability or death, or (b) you voluntarily terminate employment with the Company on account of a “Constructive Termination” (as defined below), you will receive a series of payments that is equal to a continuation of your base salary, as in effect immediately prior to your termination of employment, for a minimum of six (6) months, but not to exceed twelve (12

FORM OF RETENTION PLAN AGREEMENT
Retention Plan Agreement • November 6th, 2008 • Vion Pharmaceuticals Inc • Biological products, (no disgnostic substances)

Thank you for your dedicated service and commitment to Vion Pharmaceuticals, Inc. (the “Company”). As you are aware the next six to twelve months are critical to the Company, as we continue to finalize our approval strategy for Cloretazine®. In order to encourage your continued dedication and focus during this time, we have made certain enhancements to your 2008 bonus opportunity and your 2009 severance protections, as summarized below.

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