EMPLOYMENT AGREEMENT TERMINATION AND RELEASE AGREEMENT Dated as of December 30, 2018Employment Agreement • January 3rd, 2019 • Avadel Pharmaceuticals PLC • Pharmaceutical preparations • Missouri
This Employment Agreement Termination and Release Agreement (this “Agreement”) is entered into between Avadel Management Corporation, a Delaware corporation (the “Employer”), and Avadel Pharmaceuticals plc, an Irish public limited company and the parent of the Employer (the “Parent” and, together with the Employer, the “Companies”), on the one hand, and Michael S. Anderson, an individual resident of the State of South Carolina (the “Executive”), on the other hand. The Employer, the Parent and the Executive may be referred to herein individually as a “Party” and collectively as the “Parties.” This Agreement will become effective on the day following the seven-day Revocation Period described in Section 6 hereof (the “Effective Date”), provided that the Executive does not revoke the Agreement within the Revocation Period.
