EXHIBIT 10.7 TERMS OF EMPLOYMENT AGREEMENT WITH ARTHUR BEDROSIAN EFFECTIVE JANUARY 25, 2002 Your salary for this position (Vice President of Business Development) will be paid at the rate of $2,980.77 per pay period (which is equivalent to an annual...Employment Agreement • October 25th, 2004 • Lannett Co Inc • Pharmaceutical preparations
Contract Type FiledOctober 25th, 2004 Company IndustryYour salary for this position (Vice President of Business Development) will be paid at the rate of $2,980.77 per pay period (which is equivalent to an annual base salary of $155,000 per year), in accordance with the weekly payment schedule now being used by the Company. At the end of each calendar year, the Board of Directors, or its designee, may, in their sole discretion, award you a bonus based upon your individual performance and the Company's performance during the immediately preceding calendar year.
EXHIBIT 10.7 TERMS OF EMPLOYMENT AGREEMENT WITH ARTHUR BEDROSIAN EFFECTIVE JANUARY 25, 2002 Your salary for this position (Vice President of Business Development) will be paid at the rate of $2,980.77 per pay period (which is equivalent to an annual...Employment Agreement • September 25th, 2003 • Lannett Co Inc • Pharmaceutical preparations
Contract Type FiledSeptember 25th, 2003 Company IndustryYour salary for this position (Vice President of Business Development) will be paid at the rate of $2,980.77 per pay period (which is equivalent to an annual base salary of $155,000 per year), in accordance with the weekly payment schedule now being used by the Company. At the end of each calendar year, the Board of Directors, or its designee, may, in their sole discretion, award you a bonus based upon your individual performance and the Company's performance during the immediately preceding calendar year.