Form of Letter Agreement for the following executives: Richard Cimino, William Klitgaard, James Lovett, Deborah Tanner and John Watson February 21, 2012 Name / AddressCovance Inc • February 24th, 2012 • Services-commercial physical & biological research • New Jersey
This Agreement shall commence as of February 21, 2012 and unless earlier terminated shall continue until the third anniversary of such date (the “Expiration Date”). Except as provided below or unless earlier terminated, your employment under this Agreement shall automatically be extended for successive three-year periods commencing on the Expiration Date and each three year anniversary thereof unless you are notified in writing by the Chief Executive Officer of Covance at least 13 months prior to the date on which your employment under this Agreement is next scheduled to expire that this Agreement will not be extended. In the event you cease to be a member of the Executive Committee (or any successor committee), regardless of the reason for such cessation, and regardless of whether you are still employed by Covance or a subsidiary thereof, your employment under this Agreement will terminate at the end of the then current three-year term (as extended by any renewal term if applicable).
