BIOSPHERE MEDICAL, INC. EMPLOYMENT AGREEMENTEmployment Agreement • November 9th, 2004 • Biosphere Medical Inc • Pharmaceutical preparations • Massachusetts
THIS EMPLOYMENT AGREEMENT (the “Agreement”), made effective as of November 2, 2004, is entered into by BioSphere Medical, Inc., a Delaware corporation (the “Company”), and Richard J. Faleschini (the “Employee”).
BIOSPHERE MEDICAL, INC. Executive Retention AgreementExecutive Retention Agreement • November 9th, 2004 • Biosphere Medical Inc • Pharmaceutical preparations • Massachusetts
THIS EXECUTIVE RETENTION AGREEMENT by and between BioSphere Medical, Inc., a Delaware corporation (the “Company”), and Richard J. Faleschini (the “Executive”) is made effective as of November 2, 2004 (the “Effective Date”).
SEVERANCE AGREEMENT AND GENERAL RELEASESeverance Agreement • November 9th, 2004 • Biosphere Medical Inc • Pharmaceutical preparations • Massachusetts
In connection with the termination of your employment with Biosphere Medical, Inc. (the “Company”) pursuant to Section 4.4 of your March 25, 2004 Employment Agreement (the “Employment Agreement”) on November 2, 2004, you are eligible to receive the severance benefits described in the “Description of Severance Benefits” attached to this letter as Attachment A if you sign and return this letter agreement to Lisa McGrath on or after November 2, 2004 but no later than November 5, 2004. By signing and returning this letter, you will be entering into a binding agreement with the Company and will be agreeing to the terms and conditions set forth in the numbered paragraphs below, including the release of claims set forth in paragraph 3. Therefore, you are advised to consult with your attorney before signing this letter and you may take up to twenty-one (21) days to do so. If you sign this letter, you may change your mind and revoke your agreement during the seven (7) day period after you have
