0000950123-11-048467 Sample Contracts

Re: Separation Agreement and Release
Separation Agreement • May 10th, 2011 • Surmodics Inc • Pharmaceutical preparations • Minnesota

As we have discussed, your employment with SurModics, Inc., including its subsidiary SurModics Pharmaceuticals, Inc. (“SurModics”), will end effective February 16, 2011. The purpose of this Separation Agreement and Release letter (“Agreement”) is to set forth the specific separation pay and benefits that SurModics will provide you in exchange for your agreement to the terms and conditions of this Agreement.

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