A.P. Pharma, Inc. – Management Retention Agreement (March 1st, 2013)
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.