EMPLOYMENT AGREEMENTEmployment Agreement • May 2nd, 2005 • Caraco Pharmaceutical Laboratories LTD • Pharmaceutical preparations • Michigan
EMPLOYMENT AGREEMENT, effective as of the 2nd day of May, 2005 (the “Effective Date”), by and between Caraco Pharmaceutical Laboratories Limited (“Company” which for purposes of this Agreement shall mean and include Caraco Pharmaceutical Laboratories Limited and any of its subsidiaries, whether now in existence or formed during the term of this Agreement.), a Michigan corporation with its principal place of business at 1150, Elijah McCoy Drive, Detroit, Michigan MI 48202, and Daniel Movens (“Executive”), of Plantation, Florida. WHEREAS, the Company wishes to employ services of Executive for the period provided in this Agreement; and Executive is willing to serve in the employment of Company, upon the terms and conditions hereinafter provided. NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto hereby agree as follows: 1. Employment. Company hereby agrees to employ Executive, and Executive agrees to enter the employment of Company, upon the term
ContractConfidentiality and Non-Competition Agreement • May 2nd, 2005 • Caraco Pharmaceutical Laboratories LTD • Pharmaceutical preparations • Michigan
CONFIDENTIALITY AND NON-COMPETITION AGREEMENT 1. I acknowledge that by virtue of my employment with Caraco Pharmaceutical Laboratories Ltd. (together with its subsidiaries and affiliates, including Sun Pharmaceutical Industries Limited, the “Company”), I may acquire or become privy to certain information (the “Confidential Information”), which the Company desires to maintain secret and confidential. I shall not, without the prior written consent of the Company, at any time during my employment or thereafter, use or disclose, directly or indirectly, any Confidential Information concerning the Company. Confidential Information includes, but is not limited to all non-public information concerning (i) the Company’s business methods, plans, prospects, technical know-how, knowledge and product candidates, credit policies, operations and manufacturing, marketing and sales techniques, (ii) names, addresses and other information, such as special needs, concerning the Company’s customers and sup
