Exhibit 10.1

 

Aceto Corporation

4 Tri Harbor Court

Port Washington, New York 11050

 

September 25, 2017

 

VIA HAND DELIVERY & ELECTRONIC MAIL

PERSONAL AND CONFIDENTIAL

 

Salvatore Guccione

6 Ramkay Drive

Fairfield, NJ 07004

 

Dear Sal:

 

As we discussed, this letter shall confirm that your employment with Aceto
Corporation (hereafter “Company”) will terminate effective as of the end of the
day on Wednesday, September 27, 2017 (the “Separation Date”).

 

We are enclosing with this letter a Separation and General Release Agreement
(the “Agreement”). Provided that you execute and deliver the Agreement to Steve
Rogers on or before Tuesday, October 17, 2017, do not revoke the Agreement, and
comply with the other terms of the Agreement, your termination will be treated
as a resignation by you and you will receive your full severance payments and
benefits as described in section 4 of the Agreement, which are the severance
benefits set forth in Section 5(a) of your Employment Agreement, dated as of
January 1, 2015.

 

I personally want to thank you for your service and dedication to the Company
and wish you the very best in your future endeavors.

 

  Sincerely,       /s/ Albert Eilender   Albert Eilender   Chairman of the Board

 

Enclosure

 

 

 

 

EXECUTION VERSION

 

This Separation and General Release Agreement must be executed and delivered to
the Company (Attn: Steve Rogers – Chief Legal Officer – no later than October
17, 2017.

 

SEPARATION AND GENERAL RELEASE AGREEMENT

 

This Separation and General Release Agreement (“Agreement”) confirms the terms
of the separation of Salvatore Guccione’s (“you” or “your”) employment with
Aceto Corporation (the “Company”), including the consideration described below
in section 4 that you will receive if you (a) sign and return this Agreement to
the Company (Attn: Steve Rogers – Chief Legal Officer) by not later than October
17, 2017 (the “Agreement Confirmation Deadline”), (b) do not revoke the waiver
set forth in section 6 of this Agreement during the 7-day revocation period
explained in section 6 below, and (c) comply with the other terms of this
Agreement. This Agreement will be effective and binding immediately upon
execution hereof by you and the Company, and the waiver set forth in section 6
of this Agreement will be effective automatically without further action, notice
or deed, immediately upon the expiration of the 7-day revocation period. For the
avoidance of doubt, this Agreement, save for and to the extent set forth in
section 6, shall be irrevocable upon execution by the parties. This Agreement is
being provided to you in accordance with Section 5(a)(i)(3) of the Employment
Agreement between you and the Company, effective as of January 1, 2015 (the
“Employment Agreement”).

 

By signing and delivering this Agreement, you will be entering into a binding
agreement with the Company and agreeing to the terms and conditions in the
numbered sections below, including the general release of claims in section 5.
Therefore, you are advised to consult with an attorney of your choice before
signing this Agreement.

 

If you choose not to sign and return this Agreement by the Agreement
Confirmation Deadline or if you revoke your acceptance of the waiver set forth
in section 6 of this Agreement, you will not receive the consideration described
in section 4. Notwithstanding anything herein to the contrary, if you sign this
Agreement by the Agreement Confirmation Deadline but revoke your acceptance of
the waiver set forth in section 6 of this Agreement, the total value of any
consideration you will receive under section 4 will be limited to an aggregate
amount of $50,000.

 

1.            Separation of Employment/Service. You acknowledge that the last
day of your employment with the Company will be September 27, 2017 (“Separation
Date”). In lieu of the thirty (30) day notice period set forth in section 4(c)
of the Employment Agreement, the Company will pay, in your final pay check
described in section 2 below, an additional thirty (30) days (through October
27, 2017) of Base Salary (as defined in your Employment Agreement). Upon the
Separation Date you shall be deemed to resign from the Company’s board of
directors (the “Board”), as well as from the board of directors and governing
bodies, and all other positions you hold, with all of the Company’s
subsidiaries.

 

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2.            Final Pay; Expenses. You will receive your final pay check within
thirty (30) days following the Separation Date, or on such earlier date as
required by applicable law. Your final paycheck will include payment for all
salary/wages that you earned through and including your Separation Date, any
earned but unpaid annual performance award for the prior fiscal year, and for
your accrued, unused vacation time, if any, through your Separation Date and, in
lieu of notice of termination, payment of your Base Salary through October 27,
2017, less applicable withholdings and deductions. You will receive this payment
even if you choose not to enter into this Agreement. You will also be reimbursed
for all outstanding reasonable out-of-pocket expenses incurred but not yet paid
by the Company in connection with the performance of your duties at the
Company’s request through the Separation Date in accordance with the Company’s
expense reimbursement policy, provided that you submit documentation that
evidences such expenses no later than thirty (30) days following the Separation
Date.

 

3.            Employee Benefits. Your active participation in the Company’s
group health insurance plan(s) will end on September 27, 2017. Coverage under
any other group benefit plans or programs in which you participated, if any,
will end on the Separation Date. Regardless of whether you enter into this
Agreement, you will have the right to continue at your expense the medical
and/or dental insurance coverage that you had in effect as of the Separation
Date (generally for up to 18 months) under COBRA, subject to the eligibility,
election and other rules thereunder. To continue health insurance coverage under
COBRA, you must pay the full premium cost plus the administrative fee. You will
receive COBRA notices and information about your 401(k) account (if any), in
separate letters. If you had group life insurance, you also will receive
information about the option to convert this coverage to an individual policy.

 

4.            Consideration. Subject to the terms and conditions set forth in
this Agreement, if you choose to sign and return this Agreement within the
required time period, you do not revoke the waiver in section 6 of this
Agreement, and you abide by the other terms of this Agreement, the Company
agrees to provide you with the following consideration, less withholding for all
applicable taxes and deductions:

 

(a)          beginning on the next regular pay date following the expiration of
sixty (60) days following the Separation Date, subject to execution, delivery
and non-revocation of the waiver in section 6 of this Agreement to the Company
(Attn: Steve Rogers, Chief Legal Officer) and subject to your ongoing compliance
with the terms and conditions of this Agreement, the Company will pay to you an
amount equal to $1,271,260 payable in substantially equal installments for a
period equal to twenty-four (24) months following the Separation Date (which
first payment shall be retroactive to the Separation Date);

 

(b)          a lump sum cash payment equal to the amount of your performance
awards for the prior two years which shall be $677,657, payable on the next
regular pay date following the execution, delivery and non-revocation of this
Agreement to the Company; and

 

(c)          accelerate the vesting, effective as of the Separation Date, of all
outstanding unvested stock options, restricted stock units (assuming one hundred
percent (100%) achievement of applicable performance metrics) and restricted
stock awards the Company previously granted, which awards shall remain subject
to the exercise provisions in the Corporate Trading Policy. For the avoidance of
doubt, you have 75,500 vested Stock Options, 83,059 Restricted Stock Units and
80,549 Restricted Stock Awards (including premium shares) as of the Separation
Date.

 

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You acknowledge that you are not otherwise entitled to the severance and other
consideration under any severance policy, plan, program, agreement, or otherwise
and that the Company would not agree to provide you with this severance payment
and other consideration without your release of claims and other promises in
this Agreement. You also agree that this severance payment and other
consideration constitute good and valuable consideration for your release of
claims and other promises in this Agreement.

 

Notwithstanding the foregoing to the contrary, the Company’s aggregate payment
obligation under this section 4 shall be limited to $50,000 (and all other
payments under this section 4 shall become null and void), and none of the
acceleration contemplated in this section 4 shall occur, if the waiver
contemplated in section 6 does not become effective on the 8th day after the
date of this Agreement.

 

5.            General Release of Claims. In exchange for the consideration
described in section 4 to which you are not otherwise entitled, you (for
yourself and your heirs, executors, administrators, beneficiaries, personal
representatives and assigns) hereby completely, forever, irrevocably and
unconditionally release and discharge, to the maximum extent permitted by law,
the Company, the Company’s past, present and future parent organizations,
subsidiaries and other affiliated entities, related companies and divisions and
each of their respective past, present and future officers, directors,
employees, shareholders, trustees, members, partners, attorneys and agents (in
each case, individually and in their official capacities) and each of their
respective employee benefit plans (and such plans’ fiduciaries, agents,
administrators and insurers, individually and in their official capacities), as
well as any predecessors, future successors or assigns or estates of any of the
foregoing (the “Released Parties”) from any and all claims, actions, charges,
controversies, causes of action, suits, rights, demands, liabilities,
obligations, damages, costs, expenses, attorneys’ fees, damages and obligations
of any kind or character whatsoever, that you ever had, now have or may in the
future claim to have by reason of any act, conduct, omission, transaction,
agreement, occurrence or any other matter whatsoever occurring up to and
including the date that you sign this Agreement.

 

This general release of claims includes, without limitation, any and all claims:

 

·of discrimination, harassment, retaliation, or wrongful termination;

·for breach of contract, whether oral, written, express and implied; breach of
covenant of good faith and fair dealing, both express and implied; promissory
estoppel; negligent or intentional infliction of emotional distress; fraud;
negligent or intentional misrepresentation; negligent or intentional
interference with contract or prospective economic advantage; unfair business
practices; defamation; libel or slander; negligence; assault; battery; invasion
of privacy; personal injury; compensatory or punitive damages, or any other
claim for damages or injury of any kind whatsoever;

·for violation or alleged violation of any federal, state or municipal statute,
rule, regulation or ordinance, including, but not limited to, the Age
Discrimination in Employment Act of 1967, the Older Workers Benefit Protection
Act of 1990, Title VII of the Civil Rights Act of 1964, the Civil Rights Acts of
1991, the Americans with Disabilities Act, the Fair Labor Standards Act, the
Equal Pay Act, the Lilly Ledbetter Fair Pay Act, the Fair Credit Reporting Act,
the Worker Adjustment and Retraining Notification Act, the Family & Medical
Leave Act, the Sarbanes-Oxley Act of 2002, the federal False Claims Act, the New
York State Human Rights Laws, the New York City Human Rights Laws, New York
Hours of Labor Law, New York Wage Payment Law, New York Minimum Wage Act, New
York Whistleblower Law, New York Off-Duty Conduct Lawful Activities
Discrimination Law, and New York Civil Rights Law, in each case, as such laws
have been or may be amended;

 

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·for employee benefits, including, without limitation, any and all claims under
the Employee Retirement Income Security Act of 1974 (other than Excluded Claims
as defined below);

·to any non-vested ownership interest in the Company, contractual or otherwise,
including, but not limited to, claims to stock or stock options;

·arising out of or relating to any promise, agreement, offer letter, contract
(whether oral, written, express or implied), understanding, personnel policy or
practice, or employee handbook;

·relating to or arising from your employment with the Company, the terms and
conditions of that employment, and the termination of that employment,
including, without limitation any and all claims for discrimination, harassment,
retaliation or wrongful discharge under any common law theory, public policy or
any federal state or local statute or ordinance not expressly listed above; and

·any and all claims for monetary recovery, including, without limitation,
attorneys’ fees, experts’ fees, costs and disbursements.

 

You expressly acknowledge that this general release of claims includes any and
all claims arising up to and including the date you sign this Agreement which
you have or may have against the Released Parties, whether such claims are known
or unknown, suspected or unsuspected, asserted or un-asserted, disclosed or
undisclosed. By signing this Agreement, you expressly waive any right to assert
that any such claim, demand, obligation or cause of action has, through
ignorance or oversight, been omitted from the scope of this release and you
further waive any rights under statute or common law principles that otherwise
prohibits the release of unknown claims.

 

Notwithstanding the foregoing, the waiver and release of the claims in this
section 5 which are described in section 6 below shall not become effective
unless and until set forth in section 6.

 

This general release of claims does not apply to, waive or affect: any rights or
claims that may arise after the date you sign this Agreement; any claim for
workers’ compensation benefits (but it does apply to, waive and affect claims of
discrimination and/or retaliation on the basis of having made a workers’
compensation claim); claims for unemployment benefits or any other claims or
rights that by law cannot be waived in a private agreement between an employer
and employee; or your rights to any vested benefits to which you are entitled
under the terms of the applicable employee benefit plan (the “Excluded Claims”).
This general release of claims also does not apply to, waive, affect, limit or
interfere with your preserved rights described in section 13 below.

 

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6.            Waiver of Claims under ADEA; Time to Consider/Revoke. You
acknowledge, understand and agree that the general release of claims in section
5 above includes, but is not limited to, a waiver and release of all claims that
you may have under the Age Discrimination in Employment Act of 1967, as amended
(the “ADEA”) arising up to and including the date that you sign this Agreement.
As required by the Older Workers Benefit Protection Act of 1990, you are hereby
advised that:

 

·you are not waiving any rights or claims under the ADEA that may arise after
the date you sign this Agreement;

·you should consult with an attorney of your choice concerning your rights and
obligations under this Agreement before signing this Agreement;

·you should fully consider this Agreement before signing it;

·nothing in this Agreement prevents or precludes you from challenging (or
seeking a determination of) the validity of the waiver under the ADEA;

·you have at least twenty-one (21) days from the date you received this
Agreement to consider whether or not you want to sign it. You also should
understand that you may use as much or as little of the review period as you
wish before deciding whether or not to sign this Agreement. You can choose to
execute this Agreement immediately and waive the remainder of the consideration
period;

·if you do not sign and return this Agreement within the required time period,
then the Company’s offer to provide you with the consideration described in
section 4 above, will automatically terminate;

·at any time within seven (7) days after signing this Agreement, you may change
your mind and revoke your acceptance of this section 6 only. To be effective,
your revocation must be in writing and either hand-delivered or sent
electronically to the Company (Attn: Steve Rogers – Chief Legal Officer) within
the 7-day period and shall only apply to the waiver described in this section 6,
and the remainder of this Agreement shall continue in full force and effect
except that the total value of any consideration you will receive under section
4 shall be limited to an aggregate amount of $50,000;

·the waiver set forth in this section 6 is not effective or enforceable until
(and if) the revocation period has passed without a revocation;

·if you exercise your right to revoke the waiver set forth in this section 6,
then the Company’s offer to provide you with the consideration described in
section 4 will not be enforceable except with respect to an aggregate amount of
consideration of $50,000 under section 4; and

·if you do not revoke your acceptance of the waiver set forth in this section 6,
then the waiver set forth in this section 6 shall automatically, without further
action, notice or deed, become effective on the 8th day following the date that
you sign this Agreement (the “Effective Date”).

 

7.            No Pending Claims. You represent and warrant that you have no
charges, lawsuits, or actions pending in your name against any of the Released
Parties relating to any claim that has been released in this Agreement. You also
represent and warrant that you have not assigned or transferred to any third
party any right or claim against any of the Released Parties that you have
released in this Agreement.

 

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8.            Covenant not to Sue. Except as provided in section 13 below, you
covenant and agree that you will not report, institute or file a charge, lawsuit
or action (or encourage, solicit, or voluntarily assist or participate in, the
reporting, instituting, filing or prosecution of a charge, lawsuit or action by
a third party) against any of the Released Parties with respect to any claim
that has been released in this Agreement.

 

9.            Cooperation. You agree that following your execution of this
Agreement, at the Company’s request, you shall provide reasonable assistance and
advise the Company in any investigation which may be performed by the Company or
any governmental agency and any litigation in which the Company may become
involved. Such assistance shall include you making yourself reasonably available
for interviews by the Company or its counsel, deposition and/or court
appearances at the Company’s request. The Company shall attempt to schedule such
assistance at mutually convenient times and places, taking into account any
employment constraints or other reasonable business or personal constraints that
you may have. The Company shall reimburse you for reasonable expenses, such as
telephone, travel, lodging and meal expenses, and reasonable attorney’s fees,
incurred by you at the Company’s request, consistent with the Company’s
generally applicable policies for employee expenses.

 

10.           Non-Disparagement. You agree that you will not at any time make
any disparaging or derogatory statements concerning the Company or its
affiliates, or their respective businesses, products and services. The Company
agrees to instruct the members of its Board of Directors and its senior most
officers not at any time to make any disparaging or derogatory statements
concerning you. However, nothing in this section is intended to, and shall not,
restrict or limit you from exercising your preserved rights described in section
13 or restrict or limit either party from providing truthful information in
response to a subpoena, other legal process or valid governmental inquiry.

 

11.            Non-Disclosure Obligations.

 

(a)          You acknowledge your obligation to keep confidential, and to not
disclose or use (and you agree to keep confidential and not disclose or use) any
and all confidential information or otherwise non-public information concerning
the Company and its affiliates that you acquired during the course of your
employment (such as non-public information about the Company’s business affairs,
prospects and financial condition), unless such disclosure is made in response
to a subpoena, other legal process, valid governmental inquiry or otherwise
required by law or is reasonably necessary to exercise your preserved rights
under section 13. Confidential information includes all trade secrets and
information related to know-how, show-how, technical, operating, financial, and
other business information and materials. You also acknowledge and reaffirm, and
agree to comply with, your obligations under any other agreement relating to
non-solicitation, intellectual property or confidential information that you
previously executed for the benefit of the Company, which agreement, if any,
also remains in full force and effect.

 

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(b)          You acknowledge receipt of the following notice under the Defend
Trade Secrets Act: An individual shall not be held criminally or civilly liable
under any Federal or State trade secret law for the disclosure of a trade secret
that is made in confidence to a Federal, State, or local government official or
to an attorney solely for the purpose of reporting or investigating a suspected
violation of law. An individual shall not be held criminally or civilly liable
under any Federal or State trade secret law for the disclosure of a trade secret
that is made in a complaint or other document filed in a lawsuit or other
proceeding, if such filing is made under seal. An individual who files a lawsuit
for retaliation by an employer for reporting a suspected violation of law may
disclose the trade secret to the attorney of the individual and use the trade
secret information in the court proceeding, if the individual files any document
containing the trade secret under seal; and does not disclose the trade secret,
except pursuant to court order.

 

12.           Return of Company Documents and Other Property. You confirm that
you have returned to the Company any and all Company documents, materials and
information (whether in hardcopy, on electronic media or otherwise) related to
Company’s or its affiliates’ businesses and/or containing any non-public
information concerning the Company or any of its affiliates, as well as all
equipment, keys, access cards, credit cards, computers, computer hardware and
software, sales and promotional materials, contact and client lists, files,
notes, drawings, business plans and forecasts, financial information, electronic
devices, automobiles and any other Company property in your possession, custody
or control. You also represent and warrant that you have not retained copies of
any of the Company’s or its affiliates’ documents, materials or information
(whether in hardcopy, on electronic media or otherwise). You also agree that you
will disclose to the Company all passwords necessary or desirable to enable the
Company to access all information which you have password-protected on any of
its computer equipment or on its computer network or system.

 

13.           Preserved Rights: This Agreement is not intended to, and shall
not, in any way prohibit, limit or otherwise interfere with:

 

(a)          your protected rights under federal, state or local law to, without
notice to the Company: (i) communicate or file a charge with a government
regulator, (ii) participate in an investigation or proceeding conducted by a
government regulator, or (iii) receive an award paid by a government regulator
for providing information;

 

(b)          your protected right to test in any court, under the Older Workers
Benefit Protection Act, or like statute or regulation, the validity of the
waiver of rights under ADEA in this Agreement; or

 

(c)          your right to enforce the terms of this Agreement and to exercise
your rights relating to any Excluded Claims.

 

14.           No Other Pay or Benefits; No-Right to Re-Employment. You
acknowledge and agree that upon payment of the amounts described in section 2
above, you will have been paid for all work performed including, without
limitation, all salary/wages, bonuses, overtime, commissions and any earned, but
unused, vacation time due to you up through and including the last day of your
employment. You acknowledge and agree that, except for Company’s obligation,
subject to the terms of this Agreement, to provide the consideration
specifically provided in section 4, you are entitled to no other payments or
benefits and the Released Parties have no further obligations to you whatsoever,
whether arising out of your employment with the Company, your separation from
the Company or otherwise. You further acknowledge that you have no right to
reinstatement or re-employment with the Company or any affiliate of the Company,
or to service on its or their boards of directors and agree that any application
by you for re-employment may be rejected without explanation or liability.

 

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15.           No Admission. Nothing contained in this Agreement will constitute
or be treated as an admission by you, the Company or any of the other Released
Parties of any liability, wrongdoing or violation of law.

 

16.           Breach. Should it be adjudicated that you have materially breached
your obligations under this Agreement, or any of the covenants set forth in
Section 6 of the Employment Agreement relating to confidentiality,
non-competition, non-solicitation, non-disparagement or proprietary rights,
then, in addition to any of the Company’s other rights and remedies at law or in
equity, the Company shall have the right to cease providing the consideration
under section 4 of this Agreement. All of the other terms of this Agreement will
remain in effect. The exercise of your preserved rights under section 13 will,
in no event, be considered a breach of your obligations under this Agreement.
You and the Company hereby waive our respective rights to trial by jury in any
action concerning this Agreement or any and all matters arising directly or
indirectly out of this Agreement. You represent that you have consulted with
counsel of your choice or have chosen voluntarily not to do so specifically with
respect to this jury trial waiver.

 

17.           Indemnification. Subject to your compliance with your obligations
under this Agreement, you shall remain entitled to the same indemnification from
the Company, and the benefits of any Company owned insurance policies (in
accordance with the terms and conditions of such policies), for your acts and
omissions in connection with your employment by the Company and service as a
member of the board of directors of the Company, as and to the same extent you
were so entitled immediately prior to the Separation Date.

 

18.           Miscellaneous

 

(a)          This Agreement contains the entire agreement and understanding
between you and the Company concerning the subject matter of this Agreement and
supersedes any and all prior agreements or understandings (both written and
oral) between you and the Company concerning the subject matter of this
Agreement, except that your obligations under any employee agreement(s) relating
to non-competition, non-solicitation, intellectual property, confidential
information, and non-disclosure that you have signed for the benefit of the
Company, including the Employment Agreement shall remain in full force and
effect. The Change in Control Agreement between you and the Company dated
February 13, 2015 shall automatically terminate effective as of the Separation
Date pursuant to Section 1 of such agreement. This Agreement may only be
modified by a written document signed by you and an authorized officer of the
Company.

 

(b)          This Agreement shall inure to the benefit of the Company and the
other Released Parties and shall be binding upon the Company and its successors
and assigns. This Agreement also shall inure to the benefit of, and be binding
upon, you and your heirs, executors, administrators, trustees and legal
representatives. This Agreement is personal to you and you may not assign or
delegate your rights or duties under this Agreement, and any such assignment or
delegation will be null and void.

 

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(c)          The provisions of this Agreement are severable. If any provision in
this Agreement is held to be invalid, illegal or unenforceable, the remaining
provisions of this Agreement will remain in full force and effect and the
invalid, illegal and unenforceable provision shall be reformed and construed so
that it will be valid, legal and enforceable to the maximum extent permitted by
law.

 

(d)          The Company and you shall each bear their own costs, fees
(including, without limitation, attorney’s fees) and expenses in connection with
the negotiation, preparation and execution of this Agreement.

 

(e)          Should either party to this Agreement bring an action to enforce
its rights under this Agreement, the prevailing party will be entitled to
recover its costs and expenses, including the costs of litigation, court fees,
and reasonable attorneys’ fees incurred in connection with such action.

 

(f)          The failure of the Company to seek enforcement of any provision of
this Agreement in any instance or for any period of time shall not be construed
as a waiver of such provision or of the Company’s right to seek enforcement of
such provision in the future.

 

(g)          This Agreement will be governed and interpreted under the laws of
the State of New York, without giving effect to choice of law principles. The
Company and you irrevocably consent to the jurisdiction of the federal and state
courts in the State of New York for the resolution of any disputes arising under
or respect to this Agreement.

 

(h)          Given the full and fair opportunity provided to each party to
consult with their respective counsel regarding terms of this Agreement,
ambiguities shall not be construed against either party by virtue of such party
having drafted the subject provision.

 

(i)          The headings in this Agreement are included for convenience of
reference only and shall not affect the interpretation of this Agreement.

 

19.           Opportunity to Review. You represent and warrant that you:

 

·have had sufficient opportunity to consider this Agreement;

·have carefully read this Agreement and understand all of its terms;

·are not incompetent and have not had a guardian, conservator or trustee
appointed for you;

·have entered into this Agreement of your own free will and volition and that,
except for the promises expressly made by the Company in this Agreement, no
other promises or agreements of any kind have been made to you by any person or
entity whatsoever to cause you to sign this Agreement;

·understand that you are responsible for your own attorneys’ fees and costs;

·have been advised and encouraged by the Company to consult with your own
independent counsel before signing this Agreement;

 

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·have had the opportunity to review this Agreement with counsel of your choice
or have chosen voluntarily not to do so;

·you were given at least 21 days to review this Agreement before signing it and
understood that you were free to use as much or as little of that period as you
wished or considered necessary before deciding to sign it; and

·understand that this Agreement is valid, binding, and enforceable against you
and the Company according to its terms.

 

If you wish to accept this Agreement, please sign, date and return it to the
Company (Attn: Steve Rogers – Chief Legal Officer; srogers@aceto.com) no later
than October 17, 2017.

 

  ACETO CORPORATION:         By: /s/ Albert Eilender     Albert Eilender    
Chairman of the Board

 

Witness:   EXECUTIVE:           /s/ Salvatore Guccione     Salvatore Guccione

 

Agreed to and accepted on this ____ day of ________________, 2017

 

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