Common Contracts

3 similar Letter Agreement contracts by Questcor Pharmaceuticals Inc

October 16, 2006 Steven Halladay, Ph.D. 3260 Whipple Road Union City, California 94587 RE: Change-in-Control Dear Steven:
Letter Agreement • October 18th, 2006 • Questcor Pharmaceuticals Inc • Pharmaceutical preparations • California

This letter agreement (this “Agreement”) is entered into pursuant to that certain offer letter (the “Offer Letter”) dated October 13, 2006, between you and Questcor Pharmaceuticals, Inc., a California corporation (“Questcor”). Questcor considers it essential to the best interests of its shareholders to foster the continuous employment of key management personnel. In connection with this, Questcor’s Board of Directors (the “Board”) recognizes that, as is the case with many publicly held corporations, the possibility of a change in control of Questcor may exist and that the uncertainty and questions that it may raise among management could result in the departure or distraction of management personnel to the detriment of Questcor and its shareholders.

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May 1, 2005 Craig Chambliss 3260 Whipple Road Union City, California 94587 RE: Change-in-Control Dear Craig:
Letter Agreement • March 30th, 2006 • Questcor Pharmaceuticals Inc • Pharmaceutical preparations • California

This letter agreement (this “Agreement”) is entered into pursuant to that certain offer letter (the “Offer Letter”) dated March 31, 2005, between you and Questcor Pharmaceuticals, Inc., a California corporation (“Questcor”). Questcor considers it essential to the best interests of its stockholders to foster the continuous employment of key management personnel. In connection with this, Questcor’s Board of Directors (the “Board”) recognizes that, as is the case with many publicly held corporations, the possibility of a change in control of Questcor may exist and that the uncertainty and questions that it may raise among management could result in the departure or distraction of management personnel to the detriment of Questcor and its stockholders.

September 28, 2005 George Stuart 3260 Whipple Road Union City, California 94587 RE: Change-in-Control Dear George:
Letter Agreement • September 30th, 2005 • Questcor Pharmaceuticals Inc • Pharmaceutical preparations • California

This letter agreement (this “Agreement”) is entered into pursuant to that certain offer letter (the “Offer Letter”) dated September 27, 2005, between you and Questcor Pharmaceuticals, Inc., a California corporation (“Questcor”). Questcor considers it essential to the best interests of its stockholders to foster the continuous employment of key management personnel. In connection with this, Questcor’s Board of Directors (the “Board”) recognizes that, as is the case with many publicly held corporations, the possibility of a change in control of Questcor may exist and that the uncertainty and questions that it may raise among management could result in the departure or distraction of management personnel to the detriment of Questcor and its stockholders.

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