Separation Agreement and General Release of ClaimsSeparation Agreement and General Release of Claims • December 15th, 2006 • Columbia Laboratories Inc • Pharmaceutical preparations • New Jersey
In return for the execution of this Separation Agreement and General Release, I, David L. Weinberg (referred to below as “I”, “me”, “my” or the “Employee”) will receive a separation payment to which I am not otherwise entitled that is equal to my annual base salary in effect on the date hereof. My separation payment, less applicable deductions, will be paid out in twenty-four (24) equal payments over twelve months, beginning January 15, 2007. In further return for my execution of this Separation Agreement and General Release, my stock option grants numbered 440, 522, 523, 630, 761, 824, 919, 907, and 920 that are vested on December 31, 2006, will remain exercisable until their original dates of expiration and I will have the full term from the time of the grant in order to exercise all vested awards (subject to termination based on the applicable plan provisions other than those related to termination of employment).
