EX-10.2
from 10-Q/A
2 pages
[Company Letter Head] May 4, 2011 Patrick Christmas One Corporate Woods Drive Bridgeton, Mo 63044 Dear Patrick: Congratulations! We Are Excited to Have You Join Kv Pharmaceutical Company, and Look Forward to Your Arrival on or Before 06/1/2011. This Letter Provides You With Details of Your Position and Benefits, as Well as Instructions for Beginning Your New Position at Kv. 1. Title: Vice President, General Counsel 2. a Bi-Weekly Salary of $11,538.46 Which Amounts to $300,000.00, Annually. 3. Participation in a Performance Bonus With a Target of 40% of Your Annual Salary With Terms to Be Developed at a Later Date. 4. Stock Options: Pending Board of Director Approval, 40,000 Shares of Kv Common Stock in Accordance With the Terms of the Employee Stock Option Plan. 5. in Accordance With the Company’s Vacation Policy, for Calendar Year 2011 You Will Be Eligible for 20 Days of Vacation, Pro-Rated Based Upon Date of Hire. in the Calendar Year After Hire You Will Be Eligible for 20 Days of Vacation. 6. Participation in Company Fleet Program. 7. Executive Relocation Package to Be Provided Per Company Relocation Policy. 8. Participation in Kv’s Medical, Dental, Disability, and Life Insurance Plans in Accordance With the Terms of Those Plans. 9. Participation in Kv’s Profit Sharing Plan and 401(k) Plan in Accordance With the Terms of Those Plans
12/34/56
EX-10.2
from 10-Q
2 pages
[Company Letter Head] May 4, 2011 Patrick Christmas One Corporate Woods Drive Bridgeton, Mo 63044 Dear Patrick: Congratulations! We Are Excited to Have You Join Kv Pharmaceutical Company, and Look Forward to Your Arrival on or Before 06/1/2011. This Letter Provides You With Details of Your Position and Benefits, as Well as Instructions for Beginning Your New Position at Kv. 1. Title: Vice President, General Counsel 2. a Bi-Weekly Salary of $11,538.46 Which Amounts to $300,000.00, Annually. 3. Participation in a Performance Bonus With a Target of 40% of Your Annual Salary With Terms to Be Developed at a Later Date. 4. Stock Options: Pending Board of Director Approval, 40,000 Shares of Kv Common Stock in Accordance With the Terms of the Employee Stock Option Plan. 5. in Accordance With the Company’s Vacation Policy, for Calendar Year 2011 You Will Be Eligible for 20 Days of Vacation, Pro-Rated Based Upon Date of Hire. in the Calendar Year After Hire You Will Be Eligible for 20 Days of Vacation. 6. Participation in Company Fleet Program. 7. Executive Relocation Package to Be Provided Per Company Relocation Policy. 8. Participation in Kv’s Medical, Dental, Disability, and Life Insurance Plans in Accordance With the Terms of Those Plans. 9. Participation in Kv’s Profit Sharing Plan and 401(k) Plan in Accordance With the Terms of Those Plans
12/34/56