Document:

EMPLOYMENT AGREEMENT

 Exhibit 10.3 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (“Agreement”) is effective as of the 9th of February, 2010, by and between SCHLUMBERGER LIMITED, a Netherlands
Antilles corporation (the “Company”), and Chakib Sbiti, an individual currently residing in Morocco (“Executive”). 
 1.
Employment of Executive: In consideration of the mutual covenants and agreements herein contained, including Executive’s agreement to sign a release of claims as provided in Section 13, the Company and Executive wish to establish an
Employment Agreement retaining Executive’s services as described herein, establishing certain incentive, tenure and performance criteria related to such employment and otherwise fixing Executive’s benefits, base salary and incentive
compensation. 
 2. Term and Extent of Services: During the Term, as defined below, Executive shall be employed as Executive Advisor
reporting to Andrew Gould, Chairman & CEO. The term hereof shall commence February 9th, 2010 (the “Effective Date”) and shall continue until the close of business on January 31st, 2014 (the “Term”). The initial
term as referenced herein shall commence on the Effective Date and shall continue until December 31st, 2010 (the “Initial Term”). The Secondary Term shall commence January 1st, 2011 and shall continue until January 31st,
2014 (the “Secondary Term”). During the Initial Term, Executive agrees to devote up to 100% of his business time to the business of the Company, as requested, and to perform to the best of his ability and with reasonable diligence the
duties and responsibilities assigned to him by the appropriate management of the Company. During the Secondary Term, Executive agrees to devote up to 50% of his time to the business of the Company, as requested, and to perform to the best of his
ability and with reasonable diligence the duties and responsibilities assigned to him by the appropriate management of the Company. At the expiration of the Term, Executive agrees to voluntarily retire from the Company and all affiliates. Executive
has confirmed that he is no longer an Officer or Executive Officer of the Company. 
 Nothing herein shall prohibit Executive, during the Term,
from being engaged as a consultant to organizations and businesses, except those described as Unauthorized Competitors in Section 5, provided that Executive’s work as a consultant does not affect his ability to perform the duties and
responsibilities assigned to him under this Agreement. 
 3. Compensation and Benefits: 

(a) Salary: During the Initial Term, Executive’s base salary shall be US$ 108,334.00 per month. During the Secondary
Term, Executive’s base salary shall be $81,250.00 per month. During the term, Executive’s base salary shall be payable monthly in accordance with the Company’s normal payroll practices. 

(b) Welfare Benefits: During the Term, Executive shall be eligible to participate in the Company’s health, welfare and
insurance plans (e.g., medical, dental, vision, life insurance, short- and long-term disability, etc.) for International Staff based on an annual salary of US$ 1,300,000. 

(c) Pension and Profit-Sharing: During the Term, or if Executive’s employment is terminated sooner pursuant to
Section 4, until such termination, Executive shall be eligible to accrue benefits under the Company’s pension plan and profit-sharing plan based on an annual base salary of US$ 1,300,000. 

(d) Incentive Plans: 

During the Initial Term, Executive will participate in the Company’s Performance Incentive Plan at a range level of
100% of base pay. During the Secondary Term, Executive shall not participate in the Company’s Performance Incentive Plan. 
  

	 	i.	 During the Term, or if Executive’s employment is terminated sooner pursuant to Section 4, until such termination, Executive will continue to
vest in stock options previously granted to Executive 

	 	
under the Company’s stock option plans in accordance with the terms of those plans and any applicable agreements. 

 

	 	ii.	Upon termination of employment, except for a termination for Cause pursuant to Section 4 (c) or upon Executive’s employment with an Unauthorized
Competitor as described in Section 5 (c) (i), Executive shall have the lesser of 5 years or the length of time left on the option term from the date of such termination to exercise any previously granted stock options, to the extent that
such options were exercisable as of the date of such termination. 

 (e) Vacation: During the Term,
Executive shall not be eligible to accrue vacation pay. Within 30 days after the Effective Date, Executive shall be paid a cash amount representing his accrued and unused vacation accumulated as of February 8th, 2010. 

(f) Expense Reimbursement: Executive shall be reimbursed for any expenses incurred in the normal course of performing his duties,
including any travel expenditures necessary to satisfactorily perform his duties. 
 4. Termination of Employment: Should
Executive’s employment terminate prior to the end of the Term, the following provisions of this Section 4 shall govern the rights of Executive under this Agreement: 

(a) Termination Due to Death: In the event Executive’s employment terminates during the Term as a result of Executive’s
death, Executive’s beneficiary or beneficiaries shall receive any base salary and benefits accrued but unpaid as of his death, plus any amounts payable on account of Executive’s death pursuant to any other plan or program of the Company.

 (b) Termination Due to Disability: In the event Executive’s employment terminates during the Term due to his
disability within the meaning of any long-term disability plan maintained by the Company and covering Executive as of the date of Executive’s disability, Executive shall receive any base salary and benefits accrued but unpaid as of the date of
his termination due to disability, plus any amounts payable on account of Executive’s disability pursuant to any other plan or program of the Company. 

(c) Termination by the Company for Cause: In the event the Company terminates Executive’s employment during the Term for
Cause, as defined below, he shall be entitled to: 
  

	 	i.	His base salary through the date of the termination of his employment for Cause; and 

 

	 	ii.	Any other amounts earned, accrued or owing as of the date of termination of employment under the applicable employee benefit plans or programs of the Company, provided,
however, that the Executive shall not be able to exercise any stock options that vest during the term of this agreement. 

“Cause” means Executive’s dishonesty, conviction of a crime, willful unauthorized disclosure of confidential information of the Company,
or willful refusal to perform the duties of Executive’s position or positions with the Company. 
 (d) Voluntary
Termination: Upon 15 days’ prior written notice to the Company (unless otherwise waived by the Company), Executive may voluntarily terminate his employment with the Company. A voluntary termination pursuant to this Section 4(d) shall
not include a termination under Section 4 (a), 4 (b) or 4 (c) above, and shall not be deemed a breach of this Agreement by Executive (except if Executive accepts employment or other prohibited association with an Unauthorized
Competitor, as defined below, during the Term of this Agreement). 
 In the event Executive voluntarily terminates his employment
during the Term, and (I) does not become employed by an Unauthorized Competitor or (II) becomes employed by another Oil & Gas related Company with consent of the Chief Executive Officer (which consent will not be unreasonably
withheld), he shall be entitled to: 
  

	 	i.	his base salary through the date of the termination of his employment; 

	 	ii.	other benefits for which he is eligible in accordance with applicable plans or programs of the Company; 

 

	 	iii.	exercise any stock options granted under a stock option plan of the Company that vested during the Term of the Agreement (and prior to his termination date) for up to
the lesser of 5 years or the amount of time left on the option term after his termination date but not to exceed the original option term. 

(e) Termination Due to Mutual Agreement: In the event the Company and the Executive mutually agree to terminate this Agreement,
the Executive’s employment will be terminated and he shall be entitled to: 
  

	 	i.	his base salary through the date of the termination of his employment; 

  

	 	ii.	other benefits for which he is eligible in accordance with applicable plans or programs of the Company; 

 

	 	iii.	exercise any stock options granted under a stock option plan of the Company that vested during the Term of the Agreement (and prior to his termination date) for up to
the lesser of 5 years or the amount of time left on the option term after his termination date but not to exceed the original option term; 

  

	 	iv.	if during the Initial Term, the sum of US$1,300,000 divided by 12 and multiplied by the number of months remaining in the Initial Term, payable on the date 30 days
following the Executive’s termination of employment; 

  

	 	v.	if during the Secondary Term, the sum of US$3,006,250 divided by 37 and multiplied by the number of months remaining in the Secondary Term, payable on the date 30 days
following the Executive’s termination of employment. 

 For purposes of this Agreement, an Unauthorized Competitor means
those companies as defined in Section 5, involved in the oilfield services and equipment business. 
 5. Confidentiality, Return of
Property, and Covenant Not to Compete: 
 (a) Confidentiality. The Company agrees that at the time of execution of
this Agreement, or shortly thereafter during the Term of this Agreement, the Company will provide Executive with Confidential Information as necessary to perform his duties hereunder. Executive agrees that in return for this and other consideration
provided under this Agreement he will not disclose or make available to any other person or entity, or use for his own personal gain, any Confidential Information, except for such disclosures as required in the performance of his duties hereunder.
For purposes of this Agreement, “Confidential Information” shall mean any and all information, data and knowledge that have been created, discovered, developed or otherwise become known to the Company or any of its affiliates or ventures
or in which property rights have been assigned or otherwise conveyed to the Company or any of its affiliates or ventures, which information, data or knowledge has commercial value in the business in which the Company is engaged, except such
information, data or knowledge as is or becomes known to the public without violation of the terms of this Agreement. By way of illustration, but not limitation, Confidential Information includes trade secrets, processes, formulas, know-how,
improvements, discoveries, developments, designs, inventions, techniques, marketing plans, manual, records of research, reports, memoranda, computer software, strategies, forecasts, new products, unpublished financial statements or parts thereof,
budgets or other financial information, projections, licenses, prices, costs, and employee, customer and supplier lists or parts thereof. 

(b) Return of Property. Executive agrees that at the time of leaving the Company’s employ, he will deliver to the Company
(and will not keep in his possession, recreate or deliver to anyone else) all Confidential Information, as well as all other devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches,
materials, equipment, customer or client lists or information, or 

 
any other documents or property (including all reproductions of the aforementioned items) belonging to the Company or any of its affiliates or ventures, regardless of whether such items were
prepared by Executive. 
 (c) Covenant Not to Compete. Executive acknowledges that the skills, processes and information
developed at the Company are highly proprietary and global in nature and could be utilized directly and to the Company’s detriment (or the detriment of any of the Company’s affiliates or ventures) by several other businesses. Executive
also acknowledges that the nature of his duties and responsibilities under the Agreement will bring him into close contact with much of the Company’s Confidential Information, and the Company has affirmatively agreed to provide him with
Confidential Information. Accordingly, for the consideration provided to Executive in this Agreement, Executive agrees to be bound by the following restrictive covenants: 

 

	 	i.	During the Term, Executive shall not accept employment with or render services to any Unauthorized Competitor as a director, officer, agent, employee, independent
contractor or consultant, or take any action inconsistent with fiduciary relationship of an employee to his employer. In order to protect the Company’s good will and other legitimate business interests, provide greater flexibility to Executive
in obtaining other employment and to provide both parties with greater certainty as to their obligations hereunder, the parties agree that Executive shall not be prohibited from accepting employment any where in the world with any company or
other enterprise except an Unauthorized Competitor. For purposes of this Agreement, an “Unauthorized Competitor” means any major oilfield equipment and services business, more specifically defined as Halliburton Company, Baker Hughes Inc.,
BJ Services Company, Weatherford International, EXPRO, including any and all of their parents, subsidiaries, affiliates, joint ventures, divisions, successors, or assigns. 

 

	 	ii.	Executive further agrees that during the Term, he shall not at any time, directly or indirectly, induce, entice or solicit (or attempt to induce, entice or solicit) any
employee of the Company or any of its affiliates or ventures to leave the employment of the Company or any of its affiliates or ventures. 

  

	 	iii.	Executive acknowledges that this restrictive covenant under Section 5, for which he received consideration from the Company as provided in this Section 5, is
ancillary to otherwise enforceable provisions of this Agreement and that these restrictive covenants contain limitations as to time, geographical area and scope of activity to be restrained that are reasonable and do not impose a greater restraint
than is necessary to protect the good will or other business interests of the Company, such as the Company’s need to protect its confidential and proprietary information. Executive acknowledges that in the event of a breach by Executive of
these restrictive covenants, the covenants may be enforced by interim and/or permanent injunction, in addition to any other remedies that may be available by law. In that connection, Executive acknowledges that in the event of a breach, the Company
will suffer irreparable injury for which there is no adequate legal remedy, in part because damages caused by the breach may be difficult to prove with any reasonable degree of certainty. 

 

	 	iv.	Executive further acknowledges that if his employment terminates prior to the Term, pursuant to Section 4 (c), (d) or (e) of this Agreement, the covenant
not to compete provisions of this Agreement will extend throughout the remainder of the Term. 

 (d) Employment
by Affiliates: Notwithstanding any provision of this Agreement to the contrary, for purposes of determining whether Executive has terminated employment hereunder, “employment” means employment as an employee with the Company or any
Affiliate. For purposes of this Agreement, the term “Affiliate” means (i) Schlumberger Limited, a Netherlands Antilles corporation, (ii) any corporation in which the shares owned or controlled directly or indirectly by
Schlumberger Limited shall represent 40% or more of the voting power of the issued and outstanding stock of such corporation, and (iii) any other company controlled by, controlling or under common control with the Company within the meaning of
Section 414 of the U.S. Internal Revenue Code of 1986, as amended. 

 6. Expenses: The Company and Executive shall each be responsible for its/his own costs and expenses,
including, without limitation, court costs and attorney’s fees, incurred as a result of any claim, action or proceeding arising out of, or challenging the validity or enforceability of, this Agreement or any provisions hereof. 

7. Notices: For purposes of this Agreement, notices and all other communications provided for herein shall be in writing and shall be deemed to
have been duly given when personally delivered or when mailed by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
  

			
	 If to the Company:
	 	Schlumberger Limited
		 	42 rue Saint Dominique
		 	Paris 75007
		 	ATTENTION: Gill Gordon
		 	Director Executive Compensation
		
	 If to Executive:
	 	Chakib Sbiti
		 	[At the most recent address on file at the Company]

 or to
such other address as either party may furnish to the other in writing in accordance herewith, except that notices of changes of address shall be effective only upon receipt. 

8. Applicable Law: The validity, interpretation, construction and performance of this Agreement will be governed exclusively by and construed in
accordance with the substantive laws of England and Wales, without giving effect to English law principles of conflict of laws. The courts of England and Wales shall have non-exclusive jurisdiction to settle any dispute which may arise out of or in
connection with this agreement. 
 9. Severability: If a court of competent jurisdiction determines that any provision of this Agreement
is invalid or unenforceable, then the invalidity or unenforceability of any other provision of this Agreement, and all other provisions shall remain in full force and effect. 

10. Tax Liabilities: Any and all liabilities for tax and social charges, in whatever jurisdiction, that may arise from income or benefits
(including deferred benefits and stock compensation plans) related to employment with any Schlumberger Company prior to the date of this agreement or income or benefits covered by this agreement, are the sole responsibility of Executive. 

11. No Assignment; Successors: Executive’s right to receive payments or benefits hereunder shall not be assignable or transferable, whether
by pledge, creation, or a security interest or otherwise, whether voluntary, involuntary, by operation of law or otherwise, other than a transfer by will or by the laws of descent or distribution, and in the event of any attempted assignment or
transfer contrary to this Section 11, the Company shall have no liability to pay any amount so attempted to be assigned or transferred. This Agreement shall inure to the benefit of and be enforceable by Executive’s personal or legal
representatives, executors, administrators, successors, heirs, distributes, devises and legatees. 
 This Agreement shall be binding upon and
inure to the benefit of the Company, its successors and assigns (including, without limitation, any company into or with which the Company may merge or consolidate). 

12. Effect of Prior Agreements: This Agreement contains the entire understanding between the parties hereto and supersedes any prior employment
agreement or severance agreement between the Company or any predecessor of the Company and Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation enuring to Executive of a kind elsewhere provided and
not expressly provided or modified in this Agreement. 
 13. Release of Claims: In consideration for the compensation and other benefits
provided pursuant to this Agreement, Executive agrees to execute a “Waiver and Release,” a form of which is attached hereto as Exhibit A. Executive acknowledges that he was given copies of this Agreement and the Waiver and Release on

 
February 9th, 2010, and was given at least 21 days to consider whether to sign the Agreement and the Waiver and Release. The Company’s obligations under this Agreement are expressly
conditioned on the execution of the Waiver and Release contemporaneously with the execution of this Agreement, and Executive’s failure to execute and deliver such Waiver and Release, or Executive’s revocation of the Waiver and Release
within the seven day period provided in the Release, will void the Company’s obligations hereunder. 
 IN WITNESS WHEREOF, the parties have
caused this Agreement to be executed and delivered the 2nd day of March, 2010, but effective as of the day and year first above written. 
  

			
	SCHLUMBERGER LIMITED
		
	By:	 	/S/    GILL GORDON
		 	Director Executive Compensation

  

	
	EXECUTIVE
	
	/S/    CHAKIB SBITI
	Chakib SbitiVoluntary Resignation Agreement and Release of Claims

 Exhibit 10.1 

VOLUNTARY RESIGNATION AGREEMENT AND RELEASE OF CLAIMS 

This VOLUNTARY RESIGNATION AGREEMENT AND RELEASE OF CLAIMS (the “Agreement”) is made and entered into on this 22 of April,
2010, by and among K-V PHARMACEUTICAL COMPANY, a Delaware corporation (“KV”), ETHEX CORPORATION, a Missouri corporation (collectively, the “KV Companies”), and MICHAEL S. ANDERSON (“Executive”), an individual and
resident of the State of Missouri, on his own behalf. 
 WHEREAS, KV and Executive have previously entered into a certain KV
Pharmaceutical Company and Confidential Information Agreement, dated May 23, 1994 and a series of written Amendments to such original agreement, dated May 5, 1997, February 16, 2000, February 20,
2006, December 5, 2008, and December 31, 2008 (collectively, the “Employment Agreement”). 
 WHEREAS,
under the Employment Agreement, Executive’s current term of employment with the KV Companies continues through March 31, 2011. 

WHEREAS, Executive hereby wishes to hereby submit and tender his voluntary resignation to the KV Companies prior to the end of his
current term, and the KV Companies hereby agree to accept Executive’s voluntary resignation under the specific terms set forth below. 

NOW THEREFORE, and in consideration of the promises, agreements, and covenants contained in this Agreement, the sufficiency of which is
hereby acknowledged, the parties hereto agree as follows: 
  

	 	1.	Voluntary Termination by Resignation; Effective Resignation Date. 

Notwithstanding any provisions to the contrary within the Employment Agreement, Executive hereby executes and delivers this Agreement as
his written advance notice of voluntary termination and resignation from all positions, offices, and corresponding duties and responsibilities as President and Chief Executive Officer and an employee of ETHEX and as an agent of the KV Companies,
except as may otherwise be stated in this Agreement. The effective date of Executive’s voluntary termination and resignation from the KV Companies shall be 4/30, 2010 (“the Effective Resignation Date”). Executive agrees to remain
actively at work and faithfully, industriously, and to the best of his ability, experience, and talents perform all of the duties that have been required of him to the KV Companies’ reasonable satisfaction, through the Effective Resignation
Date. 
  

	 	2.	Continued Consulting Service for the KV Companies. 

Immediately following the Effective Resignation Date and for a period of twelve (12) months thereafter (“the Consulting
Period”), as set forth in paragraph 3, below, Executive shall faithfully, industriously, and to the best of his ability, experience, and talents provide consulting and advisory services to, or on behalf of, the KV Companies as may be requested
from time to time by the KV Companies. Such consulting and advisory services shall relate to the following: (i) the KV Companies’ sale, disposition, or other transfer or its efforts to attempts to sell, dispose of, or otherwise transfer its
generic pharmaceutical drug business, including, but not limited to the business operation previously known and operated as ETHEX, (ii) any transition of investor relations or other duties or responsibilities previously performed by or under
the responsibility of Executive as President and Chief Executive Officer of ETHEX or (iii) any other relevant advisory or consulting services relating to Executive’s professional knowledge and understanding of the business operations of
ETHEX. (collectively, “the Consulting Services”) Executive shall make himself available upon reasonable notice to provide Consulting Services, not to exceed 25 hours per week or 12 days per month unless otherwise agreed to in writing by
the parties. 

	 	3.	Consulting Payments; Continued Benefits. 

During the Consulting Period, the KV Companies shall pay Executive an amount equal to Executive’s annual base salary at the time of
his voluntary termination from the KV Companies, less regular withholdings and deductions (“Consulting Payments”) unless Executive obtains other full-time, non-temporary employment and is unavailable to provide the level of Consulting
Services set forth above, at which time all future Consulting Payments shall immediately cease. If, however, Executive obtains other full-time, non-temporary employment but still remains available to provide the Consulting Services set forth in
paragraph 2(i), above, the KV Companies shall continue to pay Executive in an amount equal to one-half his Consulting Services. Unless Consulting Payments shall cease or be otherwise reduced under this paragraph 3. all Consulting payments shall be
paid to Executive in twelve (12) equal monthly installments, each installment to be made on the last day of each of the twelve (12) calendar months following the Effective Resignation Date. Executive’s right to such installments shall
be treated as a right to a series of separate payments for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) in accordance with Treasury Regulation Section 1.409A-1(b)(4)(i)(F).
Installments paid to Executive on or before March 15, 2011 are intended to be “short-term deferrals” that are not “deferred compensation” for purposes of Section 409A, pursuant to Treasury Regulation
Section 1.409A-1(b). 
 In addition, during the Consulting Period, the KV Companies shall provide Executive, at the KV
Companies’ expense, with medical, disability, and life insurance coverage and any other coverages of the same or similar types, and in the same or similar amounts as the KV Companies provided to Executive as of the Effective Resignation Date
(“Continuation Insurance Coverage”). This Continuation Insurance Coverage, however, shall cease prior to the expiration of the Consulting Period if Executive obtains other full-time, non-temporary employment which provides insurance
coverage. 
  

	 	4.	Restrictive Covenants. 

The restrictive covenants, as previously set forth in paragraph 11 of in the original Employment and Confidential Information Agreement,
dated May 23, 1994 between Executive and KV, shall remain in place and are hereby incorporated herein by reference as if fully set forth, except that the last two sentences of paragraph 11 shall be replaced with the following: 

 

 2 

 If during the scope of his restrictions, Executive has any questions regarding the scope of
any permitted or restricted activities restricted by this paragraph or otherwise seeks permission to undertake certain employment or other activities that may be otherwise restricted by this paragraph, Executive shall submit such question or request
in writing to the Chief Executive Officer of KV for written interpretation or permission. Executive agrees to keep they KV Companies advised of his employment and the identity and location of his employer’s business during the period covered by
this paragraph. 
  

	 	5.	Full and General Release of All Claims by Executive. 

Executive hereby forever releases, waives, and discharges the KV Companies, and their respective affiliates or subsidiaries and each of
their respective agents, attorneys, heirs, devisees, assigns, successors, predecessors, parents, subsidiaries, affiliates, managers, members, directors, board of directors, officers, employees, agents, and representatives without limitation,
exception, or reservation, from any and all matters, claims, complaints, charges, pending charges, demands, damages, causes of action, debts, liabilities, controversies, judgments, sums of money, promises, variances and suits of every kind and
nature whatsoever, foreseen or unforeseen, known or unknown, pending or not pending, liquidated or unliquidated (collectively, the “Claims”), from the beginning of time up through, and including, the Effective Date of this Agreement. This
release of all Claims includes, but is not limited to, any Claims relating to or in connection with Executive’s employment with, or voluntary termination from, KV other than for claims of breach of this Agreement. 

This Agreement releases and dismisses all Claims, including claims for attorneys’ fees or claims of violations, which have been
asserted or could have been asserted under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq., the Civil Rights Act of 1964, 42 U.S.C. § 2000(e) et seq., as amended by the Civil Rights Act of 1991, the
Americans with Disabilities Act of 1990, 29 U.S.C. § 706 et seq., the Employee Retirement Income Security Act, 29 U.S.C. § 1001 et seq., the Fair Labor Standards Act of 1938, 29 U.S.C. § 201 et seq., the
Rehabilitation Act of 1973, 29 U.S.C. § 701 et seq., the Family and Medical Leave Act, 29 U.S.C. § 2601 et seq., the Worker Adjustment and Retraining Notification (“WARN”) Act, 29 U.S.C. § 2101 et seq.,
the Missouri Human Rights Act, MO. REV. STAT. § 213.010 et seq., the Missouri Wage Payment Act, MO. REV. STAT. § 290.110 et seq., the
Missouri Service Letter Statute, MO. REV. STAT. § 290.140, the Missouri Workers’ Compensation Law, MO. REV. STAT. § 287.010 et seq., or
any other relevant federal, state or local statute or ordinance, or arising under common law, including but not limited to torts, contracts, implied contracts, wrongful discharge, or public policy claims. 

This release of Claims shall not, however, release or discharge the KV Companies from liability for any breach of this Agreement or for
any future benefits coverage obligations due to Executive under the Consolidated Omnibus Budget Reconciliation Act (COBRA) or the American Recovery and Reinvestment Act of 2001 (ARRA), to the extent they are applicable. 

Nothing in this Agreement shall preclude Executive from his right to initiate, cooperate, or participate in an investigation or
proceeding conducted by the Equal Employment Opportunity Commission or any other federal or state regulatory or law enforcement agency. However, the payments and other consideration provided to Executive under this Agreement shall be the sole relief
available to Executive, and he shall not be entitled to recover, and agrees to waive, any monetary benefits or other recovery against the KV Companies in connection with any such Claims without regard to who may have brought such Claim. 

 

 3 

 Executive further acknowledges that he understands those rights or claims he is waiving, and
that by executing this document, Executive understands he is not waiving any rights or claims that may arise after the Effective Date of this Agreement. Executive also acknowledges that the waiver and release of Claims is in exchange, in part, for
the payments and other consideration which is above and beyond what Executive is otherwise entitled to receive under the Employment Agreement. 
  

	 	6.	Return of all KV Property; Continued Cooperation with KV. 

On or before the Effective Resignation Date, Executive shall return and surrender to the KV Companies all property and documents,
including all originals and copies, belonging to the KV Companies, whether such property or documents were provided to, or created, developed, used, or otherwise obtained by Executive in the course of his employment with the KV Companies or any
affiliate of the KV Companies. Executive hereby understands and acknowledges that all such property and documents shall remain the exclusive property of the KV Companies. 

In addition to his commitments to provide Consulting Services under paragraph 2, above, Executive further acknowledges and agrees to
cooperate and provide assistance, as may be reasonably requested by the KV Companies, from time to time regarding any ongoing or future investigation or litigation relating to the KV Companies’ business, operations, or practices. All costs or
expenses related to such cooperation or assistance that may be requested from Executive shall be the sole responsibility of the KV Companies. 
  

	 	7.	Nondisclosure of Confidential Information. 

Executive hereby acknowledges and reaffirms his prior obligations and commitments to preserve and protect from disclosure, duplication, or
use the Confidential Information of the KV Companies, as previously set forth in the Employment Agreement. Such obligations and commitments are hereby incorporated into this Agreement by reference. Executive further understands and acknowledges that
in performing his duties for the KV Companies he has had regular access to certain technical, financial, sales or other proprietary business which is not readily published or available to the public, including, but not limited to, trade secrets,
techniques, formulae, methods, processes, devices, machinery, equipment, inventions, research and development programs, plans and data, clinical projects and data, marketing concepts and plans, pricing information, supplier and vendor information,
licensing agreements, and lists or compilations of other business information, databases, financial records, files, business records, business plans, and internal correspondence pertaining to the KV Companies’ business or operations
(collectively, “Confidential Information”). Executive hereby affirms and covenants that he has not disclosed any Confidential Information except as authorized by the KV Companies and will continue to hold all Confidential Information in
the strictest confidence and shall not, directly or indirectly, disclose, duplicate, and/or use for himself or any other person or entity any Confidential Information without the prior consent of the KV Companies. The protections set forth in this
paragraph 7 supplement any statutory protections otherwise available to the KV Companies under the Missouri Uniform Trade Secrets Act, or similar law. 
  

 4 

	 	8.	Remedies; Attorneys’ Fees. 

In the event of a material breach of this Agreement by either party, the breaching party shall be liable to the non-breaching party for
all damages and relief available, including any equitable relief as may be appropriate, in addition to all costs and reasonable attorneys’ fees incurred by the non-breaching party in enforcing this Agreement. The rights and remedies in this
provision shall be deemed cumulative and in addition to any other rights or remedies which the parties may be entitled to pursuant to contract, tort, regulations, statute, or common law, whether in law or in equity. 

 

	 	9.	Consideration and Revocation Periods; Right to Revoke Release of ADEA Claim. 

Without limiting its scope in any way, Executive hereby affirms that this Agreement contains a knowing and voluntary waiver of any and all
rights or claims that exist or that he has or may claim to have, including any claims under the Age Discrimination in Employment Act (“ADEA”), as amended by the Older Workers’ Benefit Protection Act of 1990 (29 U.S.C.
§§ 621, et seq.), through the Effective Date of this Agreement. This Agreement is not applicable to any rights or claims that might arise under the ADEA after the effective Date of this Agreement. Executive acknowledges
receiving this Agreement on or about 4/22/10, 2010. Executive is hereby advised to consult with an attorney of his choice and at his expense prior to executing this Agreement. 

Executive acknowledges that he has been provided a full and reasonable opportunity to consider this Agreement before signing it,
including a period of at least 21 days to consider it. Executive may execute this Agreement sooner at his sole discretion; however, to the extent that Executive takes less than twenty-one (21) days to execute this Agreement, Executive
acknowledges that he had sufficient time to consider this Agreement and that he expressly, voluntarily, and knowingly waives any additional time. Executive may also revoke this Agreement within seven (7) calendar days after signing it by
providing written notice of his revocation and to be received by KV within such seven days by: 
 Melissa Hughes 

Vice President, Human Resources 

KV Pharmaceutical Company 

One Corporate Woods Drive 

Bridgeton, Missouri 63044 

Facsimile: 314-646-3708 
  

 5 

 Executive further understands that he relinquishes any right to the payments or other consideration
specified in this Agreement if he exercises the right to revoke it under this paragraph 9. 
  

	 	10.	Section 409A Compliance. 

This Agreement is intended to be exempt from Section 409A to the extent permissible, and as necessary to comply with
Section 409A and the final regulations promulgated thereunder, and is to be interpreted, operated and applied consistently with such intent, so as not to subject Executive to any additional tax, interest or penalties that may be imposed under
Section 409A and not to cause inclusion in Executive’s income of any amount (and any related penalty and interest) until such amount is actually paid. However, it is understood that Section 409A and the regulations thereunder are
ambiguous in certain respects. The KV Companies will attempt in good faith not to take any action, and will attempt in good faith to refrain from taking any action, that would result in the imposition of tax, interest and/or penalties upon Executive
under Section 409A. To the extent the KV Companies have acted or refrained from acting in good faith as required by this Section, neither the KV Companies nor their respective attorneys, employees, agents, members, directors, officers, board of
directors nor any Plan fiduciary (the “Released Parties”) shall in any way be liable for, and by participating in this Plan, Executive automatically releases the Released Parties from any liability due to, any failure to follow the
requirements of Section 409A, and Executive shall not be entitled to any damages related to any such failure. 
  

	 	11.	Effective Date. 

This Agreement shall be deemed effective on the eighth
(8th) calendar day following the date Executive signs
the Agreement, provided he does not revoke it as provided in paragraph 9, above (the “Effective Date”). 
  

	 	12.	Voluntary Agreement; Entire Agreement. 

Executive acknowledges having read this Agreement and understands its terms and conditions. Executive has signed this Agreement
voluntarily and of his own free will, without coercion or duress and with full understanding of its significance and binding effect, and Executive acknowledges that he is fully competent to sign this Agreement and that Executive does not suffer from
any disability or impairment that in any way affects his competence or capability to enter into this Agreement. Except as otherwise stated, this Agreement contains the entire agreement between the parties and cannot be modified, altered or changed
in any respect in the future except in a writing signed by the parties hereto. 
  

	 	13.	Governing Law; Severability. 

This Agreement, including the terms and provisions set forth, shall be governed and interpreted in accordance with the substantive laws of
the State of Missouri without regard to its conflicts of laws principles. The parties further agree that any claim or dispute arising from or out of this Agreement shall be brought within the exclusive jurisdiction of the state or federal courts
that serve St. Louis County, Missouri, and that each party hereby consents to the exclusive personal jurisdiction and venue of such courts. With the exception of the release, as set forth in paragraph 5, above, in the event any provision of this
Agreement is declared illegal or unenforceable by any court of competent jurisdiction and cannot be modified to be enforceable, such provision shall immediately become null and void, leaving the remainder of this Agreement in full force and effect
to the maximum extent allowed by law. 
  

 6 

 IN WITNESS OF THIS VOLUNTARY RESIGNATION AGREEMENT AND RELEASE OF CLAIMS, consisting of
thirteen (13) numbered paragraphs, is executed and entered into as of the date first set forth below. 
  

							
	EXECUTIVE	 		 	K-V PHARMACEUTICAL COMPANY
				
	By:	 	 /s/ Michael S. Anderson
	 	By:	 	 /s/ David Van Vliet

	Executive	 	Name:	 	 David Van Vliet

	Name:	 	 Michael S. Anderson
	 	Title:	 	 Interim President/CEO

				
	Date:	 	 4/22/10
	 	Date:	 	 4/22/10

 

			
	ETHEX CORPORATION
		
	By:	 	 /s/ David Van Vliet

	Name:	 	 David Van Vliet

	Title:	 	 Interim President/CEO

		
	Date:	 	 4/22/10

 

 7

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