June 14, 2005Biosphere Medical Inc • June 17th, 2005 • Pharmaceutical preparations • Massachusetts
We are pleased to offer you continued employment with BioSphere Medical, Inc. (the “Company”) under the following terms and conditions. As consideration for your execution of this letter agreement, the Company will grant you a stock option to purchase 150,000 shares of the Company’s Common Stock, $.01 par value per share (“Common Stock”), as described below in paragraph 3. This agreement will supercede the terms of any prior agreements purporting to set forth the terms and conditions of your employment.
SEPARATION AND SETTLEMENT AGREEMENT AND RELEASESeparation and Settlement Agreement and Release • June 17th, 2005 • Biosphere Medical Inc • Pharmaceutical preparations • Massachusetts
WHEREAS, the parties have differing views of their rights and obligations under Employee’s March 25, 2004 Employment Agreement with the Company, and wish to resolve amicably all issues arising out of Employee’s separation from the Company without resort to litigation;
