SETTLEMENT AND LICENSE AGREEMENTSettlement and License Agreement • November 8th, 2006 • Cephalon Inc • Pharmaceutical preparations • Delaware
THIS SETTLEMENT AND LICENSE AGREEMENT (“Agreement”) is entered into effective as of the 2nd day of August, 2006 (“Effective Date”), by and between CEPHALON, INC., a corporation organized and existing under the laws of the State of Delaware, with its principal place of business at 41 Moores Road, Frazer, Pennsylvania (“Cephalon”), CARLSBAD TECHNOLOGY, INC., a corporation organized and existing under the laws of the State of California, with its principal place of business at 5923 Balfour Court, Carlsbad, California (“Carlsbad”), and WATSON PHARMACEUTICALS, INC., a corporation organized and existing under the laws of the State of Nevada, with its principal place of business at 311 Bonnie Circle, Corona, California (“Watson”). Each of Cephalon, Carlsbad and Watson are sometimes referred to herein, individually, as a “Party” and, collectively, as the “Parties.”
SEPARATION OF EMPLOYMENT AGREEMENT AND GENERAL RELEASE, DATED AUGUST 31, 2006Separation of Employment Agreement • November 8th, 2006 • Cephalon Inc • Pharmaceutical preparations
WHEREAS Paul Blake, FRCP (“Blake”) has been employed by Cephalon, Inc. (hereinafter “Employer”) as Executive Vice President, Worldwide Medical and Regulatory Operations, and because, as Blake acknowledges, Blake and Employer desire to end Blake’s employment with Employer in an amicable fashion, Blake and Employer agree as follows:
