A.P. Pharma, Inc. – Management Retention Agreement (April 28th, 2011)
This Management Retention Agreement (the Agreement) is dated as of April 25, 2011, by and between Michael A. Adam, Ph.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.