COMPENSATION AGREEMENT (the “Agreement”), dated as of December 1, 2008, by and between ELITE PHARMACEUTICALS, INC., a Delaware corporation (the “Company”), and Jerry I. Treppel (the “Director”).Compensation Agreement • December 4th, 2008 • Elite Pharmaceuticals Inc /De/ • Pharmaceutical preparations • New Jersey
WHEREAS, the Board has elected the Director as the non-executive Chairman of the Board and the Director is willing to serve in such capacity for the compensation and upon the terms set forth in this Agreement.
