0001104659-07-040682 Sample Contracts

SEPARATION AGREEMENT AND MUTUAL RELEASE
Separation Agreement and Mutual Release • May 16th, 2007 • Neopharm Inc • Biological products, (no disgnostic substances)

THIS SEPARATION AGREEMENT AND MUTUAL RELEASE (Agreement) is made and entered into by and between TIMOTHY WALBERT (Employee), an individual, and NeoPharm, Inc. (the Company). Employee’s employment with the Company will terminate effective May 31, 2007 as part of the Company’s reduction-in-force. Employee’s last day of work will be May 31, 2007.

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