Retention LetterRetention Letter • May 10th, 2010 • Discovery Laboratories Inc /De/ • Biological products, (no disgnostic substances)
You are a highly valuable employee of Discovery Laboratories, Inc. (the “Company”). The Company wishes to retain you, Dr. Robert Segal (the “Executive”) as an employee, and is therefore willing to make certain commitments in order to induce you to remain an employee of the Company. This letter will confirm the agreement between the Executive and the Company (“Agreement”) in that regard. The Agreement is as follows:
