May 14, 2010 Christopher J. Pazoles, Ph.D.
May 14,
2010
Xxxxxxxxxxx
X. Xxxxxxx, Ph.D.
0
Xxxxxxxxx Xxxxx
Xxxxxxxxxxx,
XX 00000
Re: Employment
Agreement
Dear
Xxxxx:
In connection with the entry between us
of an Executive Retention Agreement, the Employment Agreement dated as of July
15, 2005 between you and the Company, as amended, is hereby
terminated. As a result of such termination, effective immediately,
your employment by the Company shall be “at will”.
Sincerely,
By: /s/ Xxxxx X.
Xxxxxx
Xxxxx X. Xxxxxx
President and Chief Executive
Officer
Accepted
and agreed to as
of the
date first written above:
/s/ Xxxxxxxxxxx X.
Xxxxxxx
Xxxxxxxxxxx
X. Xxxxxxx
