EMPLOYMENT AGREEMENTEmployment Agreement • April 11th, 2008 • Lifecell Corp • Surgical & medical instruments & apparatus • New Jersey
This Employment Agreement (“Agreement”), dated April 7, 2008 is entered into by and between LIFECELL CORPORATION, a Delaware corporation, having its principal place of business at One Millenium Way, Branchburg, New Jersey 08876 (“Employer”), and STEVEN T. SOBIESKI (“Employee”). Capitalized terms used but not defined herein shall have the respective meanings ascribed to them in the Merger Agreement (as defined below).
LIFECELL CORPORATION Confidentiality, Assignment of Contributions and Inventions, Non-Competition, and Non-Solicitation AgreementConfidentiality, Assignment of Contributions and Inventions, Non-Competition, and Non-Solicitation Agreement • April 11th, 2008 • Lifecell Corp • Surgical & medical instruments & apparatus
Background. I, STEVEN T. SOBIESKI am executing this Confidentiality, Assignment of Contributions and Inventions, Non-Competition, and Non-Solicitation Agreement (this “Covenants Agreement”) with LIFECELL CORPORATION (the “Company”) as a material inducement for Purchaser to enter into the Merger Agreement with the Company and as consideration for the substantial Sale Consideration which I will receive as a result of the transactions contemplated by the Merger Agreement. I acknowledge that (a) I have extensive knowledge of Confidential Information (as defined below), (b) I have developed relationships with the Company’s customers, distributors and suppliers through my employment with, and at the expense of, the Company, (c) I possess valuable skills and knowledge which have contributed to the successful operation of the Company prior to the closing of the Offer and which are expected to contribute to the successful operation of the Company after the closing of the Offer, (d) the Company
