Document:

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                                                              Exhibit 10(aa)

[ETHEX logo]

                           EMPLOYMENT AND CONFIDENTIAL INFORMATION AGREEMENT

     This Agreement ("Agreement") is entered into on JANUARY 30, 2006 between
                                                     ----------------
PATRICIA McCULLOUGH ("Employee") and ETHEX CORPORATION ("ETHEX"), a wholly
-------------------
owned subsidiary of KV PHARMACEUTICAL COMPANY ("KV"), a Delaware corporation
("Employer").

     In consideration of Employee's employment or continued employment by
Employer and other valuable consideration, the receipt and sufficiency of
which are acknowledged, Employee agrees as follows:

1. AFFILIATES. ETHEX and/or KV have or may in the future have one or more
parents, subsidiaries and/or affiliated companies (collectively referred to
in the remainder of this Agreement along with ETHEX and KV as the
"Companies"). From time to time, Employer and the Companies may exchange or
use facilities, technology and/or Confidential Information (as that term is
defined in Paragraph 6 below) of the other. The covenants in this Agreement
are for the benefit and protection of the Employer and the Companies.

2. NATURE OF EMPLOYMENT. Employee is hereby employed by Employer in the
position of CHIEF EXECUTIVE OFFICER. Employee acknowledges and agrees that
            -----------------------
his/her job title and/or responsibilities may change from time to time.
Employee further agrees that, at all times, (s)he shall devote his/her full
time and best efforts to performing all duties reasonably assigned by
Employer.

3. COMPENSATION. As compensation for Employee's services to Employer,
Employee will receive a base salary at the rate of TWO HUNDRED EIGHTY FIVE
                                                   -----------------------
THOUSAND dollars per year ($285,000.00), payable at such intervals as
--------                    ----------
Employer pays its other employees at comparable employment levels. Employee
will be entitled to participate in the fringe benefits normally provided to
other employees at comparable employment levels. Employee's compensation
will be subject to Employer's normal compensation review.

4. TERM. The initial term of this Agreement shall begin on JANUARY 30, 2006,
                                                           ----------------
and continue until APRIL 1, 2007, unless terminated sooner in accordance
                   -------------
with this Agreement. If not terminated sooner, this Agreement will
automatically renew for successive one (1) year periods unless and until
either party terminates this Agreement. Termination of this Agreement by
either party, for any reason, will in no manner affect the covenants
contained in Sections 6-11 of this Agreement.

5. TERMINATION.

     A. Employee may terminate this Agreement, for any reason, with ONE
                                                                    ---
HUNDRED TWENTY (120) calendar days advance written notice. Employer may elect
--------------------
to have the Employee cease work at any time during the notice period for any
reason, including without limitation, the reasons set forth in Paragraph 5C
below. In such event, Employer's obligation to provide Employee with
compensation and benefits will end when Employee ceases to work. Employer's
exercise of this option will not be construed as a termination by Employer.

     B. Employer may terminate this Agreement for any reason by giving the
Employee ONE HUNDRED TWENTY (120) calendar days advance written notice.
         ------------------------
Employer may, in its sole discretion, either permit Employee to work during
the notice period, or pay Employee in lieu of having Employee continue to
work. If Employer exercises this right and option, it shall pay Employee, on
Employer's regularly scheduled paydays and in accordance with Employer's
regular pay practices, either: (A) Employee's regular weekly compensation for
the notice period or (B) one-half (1/2) of Employee's regular weekly
compensation for a period of twice the notice period. Employer reserves the
right to cease the payment(s) described above if, in Employer's reasonable
determination, Employee breaches this Agreement during the period of such
payments. If Employer elects to pay Employee in lieu of Employee continuing
to work, Employer will pay Employee's regular wages for the notice period,
less whatever compensation Employee receives from other full-time employment
during the notice period. Notwithstanding the foregoing, Employer may
terminate this Agreement without prior written notice to Employee or any
continuing compensation obligations if, in Employer's reasonable
determination, Employee has breached this Agreement or Employee has engaged
in dishonesty, disloyalty, failure to perform his/her duties to Employer or
any act which may be harmful to the reputation of Employer and/or the
Companies.

     C. Employee agrees to faithfully, diligently, and to the best of
her/his ability, experience and talents, perform all of the duties required
prior to notice if Employee continues to work during the notice period. In
all situations, Employee will comply with the terms of this Agreement and
will engage in honest, faithful and loyal conduct during the notice period.

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6. CONFIDENTIAL INFORMATION. In the course of performing his/her
responsibilities, as well as through training pertaining to the business of
the Companies, Emp1oyee has or may come into possession of technical,
financial, sales and/or other business information pertaining to Employer
and/or the Companies which is not published or readily available to the
public, and from which the Employer and/or the Companies may derive economic
value, actual or potential, including, but not limited to, trade secrets,
techniques, designs, formulae, methods, processes, devices, machinery,
equipment, inventions, research and development projects, programs, plans
and data, clinical projects and data, plans for future developments,
marketing concepts and plans, pricing information, licensing agreements, and
lists of or other information pertaining to and/or received from Employer,
employees of the Companies, customers and/or suppliers (collectively
referred to as "Confidential Information"). Employee acknowledges that the
Confidential Information is important to and greatly affects the success of
the Employer and the Companies in a competitive marketplace. Employee
further agrees that while employed by Employer or any of the Companies, and
at all times thereafter, regardless of how, when and why that employment
ends, Employee will hold in the strictest confidence, and will not directly
or indirectly disclose, duplicate and/or use for himself/herself or any
other person or entity any Confidential Information without the prior
written consent of an officer of Employer, or unless required to do so in
order to perform his/her responsibilities while employed by Employer.

7. PUBLICATION. It is expressly agreed between Employee and the Companies
that Employee will hold in confidence and not make use of any Confidential
Information at any time except as required in the course and performance of
the Employee's employment with Employer or as otherwise agreed to in writing
by the Corporate Communications Officer of Employer. Employee agrees not to
publish or cause or permit to be published or otherwise disclose any
article, oral presentation or material related to Employer and/or the
Companies, including without limitation the Employer's and/or the Companies'
Confidential Information and information related to any products or proposed
products, without obtaining the prior written consent of the Corporate
Communications Officer.

8. NO OTHER CONTRACT. Except as listed below, Employee warrants that (s)he
is not bound by the terms of any other agreement, oral or written, which
would limit or preclude him/her from disclosing to Employer and/or the
Companies any idea, invention, discovery or other information pertaining or
related to Employee's responsibilities. Employee agrees to promptly provide
Employer with a copy of any and all agreements listed below, and other
agreements which may prohibit or restrict his/her employment with Employer.
Employee further agrees not to disclose to Employer or the Companies, or to
seek to induce Employer or the Companies to use any confidential
information, material or trade secrets belonging to any other person or
entity._____________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________

9. RIGHT TO WORK PRODUCT. Any and all designs, inventions, discoveries,
improvements, specifications, technical data, reports, business plans and
other embodiments of Employee's work conceived, made, discovered and/or
produced by Employee during the period of his/her employment by Employer,
either solely or jointly with others and in the course of performing his/her
duties for Employer, which are based, in whole or part, upon Confidential
Information, the resources, supplies, facilities or business, technical or
financial information of Employer and/or the Companies, or which relate to
the business, the research or the anticipated research and development of
Employer and/or the Companies (collectively referred to herein as "Work
Product"), will be the sole property of Employer and available to Employer
at all times. Employee agrees to promptly disclose and assign and hereby
assigns to Employer, without royalty or other additional consideration, any
and all of Employee's proprietary rights to any and all Work Product.
Employee further agrees that during his/her employment by Employer and after
that employment ends, regardless of how, when and why, (s)he will, upon
Employer's request: (A) execute any and all applications for copyright and/or
patent of Work Product which may be prepared for his/her signature, (B)
assign to Employer and/or the Companies any and all such applications,
copyrights and patents relating to Work Product, and (C) assist Employer
and/or the Companies, as Employer and/or the Companies deem necessary, in
its application, defense and enforcement of any copyright or patent relating
to Work Product. Employer will pay all expenses of preparing, filing,
prosecuting and defending any such application and of obtaining such
copyrights and patents. In the event Employer does not employ Employee at the
time any request for such assistance is made by Employer, Employer will pay
Employee a reasonable amount for Employee's time and will schedule any
needed assistance so as not to interfere with Employee's then current
employment and obligations.

10. RETURN OF PROPERTY. Upon the termination of Employee's employment with
Employer, regardless of how, when and why that employment ends, Employee
will immediately deliver to Employer all property of Employer and all
property of the Companies, including, without limitation, all Company
equipment, records, documents, and computer disks (including all copies). If
Employee fails to return to Employer all property of Employer and the
Companies, Employee authorizes Employer to deduct from his/her final
paycheck such amount to cover the loss, to the extent permitted by
applicable law. Nothing contained herein shall limit Employer's right to
recover the full value of such property from Employee in any proceeding.

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11. RESTRICTIVE COVENANTS.

     A. The parties agree that at the time this Agreement was entered, the
business of Employer was the marketing and sale of generic and/or lower-cost
prescription pharmaceutical products that compete with branded products
(hereafter "the business of Employer"). Employee agrees that during the
thirty-six (36) consecutive months immediately following termination of
Employee's employment with Employer, regardless of how, when or why that
employment ends, Employee will not in any manner or in any capacity,
directly or indirectly, for himself/herself or any other person or entity,
actually or attempt to do any of the following:

         1.   Perform any of the same or similar responsibilities as
              Employee performed for Employer on behalf of a competitor that
              engages in the business of Employer.

         2.   Solicit, contact, divert, interfere with or take away any
              customer of Employer and/or the Companies that has conducted
              business or negotiations with Employer or the Companies during
              the twenty-four (24) months immediately preceding termination
              of employment.

         3.   Interfere with any of the suppliers of Employer and/or the
              Companies, including, without limitation, reducing in any
              material way the willingness or capability of any supplier to
              continue supplying Employer and/or the Companies with their
              present or contemplated requirements.

         4.   Solicit or interfere with the Employer's and/or the Companies'
              relationship with any of their employees or agents, or provide
              the names of any of Employer's and/or the Companies' employees
              or agents, to any third party.

         5.   Acquire any interest in any business that markets or sells any
              product or product line that is competitive with any product
              or product line Employer sold during the twenty-four (24)
              months immediately preceding termination of employment, except
              as permitted in Section 12 below.

     B. Employee further agrees that (s)he will not engage in any of the
activities listed above while employed by Employer.

     C. Employee acknowledges and agrees that his/her experience, knowledge
and capabilities are such that (s)he can obtain employment in unrelated
pharmaceutical, chemical, nutritional, food, industrial, household,
confectionery or other businesses, and that the enforcement of this
paragraph 11 by way of injunction would not prevent Employee from earning a
livelihood. Employee further agrees that if (s)he has any question(s)
regarding the scope of activities restricted by this Section 11, (s)he will,
to avoid confusion or misunderstanding, submit the question(s) in writing to
the Director, Human Resources of the Employer for a written response.
Employee additionally agrees to promptly inform and keep the Employer
advised of the identity of his/her employer (including any unit or division
to which Employee is assigned), his/her work location, and his/her title and
work responsibilities during the period covered by this Section 11.

     D. Employee agrees to fully disclose the terms of this Agreement to any
person or entity by which or with whom (s)he may hereafter become employed
or to which (s)he may hereafter render services, and agrees that Employer
may, if desired, send a copy of this Agreement, or otherwise make the
provisions hereof known, to any such entity.

     E. In the event of a breach by Employee of any of the terms of Section
11, the period of time the obligations hereunder apply will be automatically
extended for a period of time equal to the length of time Employee is in
breach.

12. INVESTMENT SECURITIES. Nothing in this Agreement will limit the right of
Employee, as an investor, to hold or acquire the stock or other investment
securities of any business entity that is registered on a national
securities exchange or regularly traded on a generally recognized
over-the-counter market, so long as Employee's interest in any such business
entity does not exceed five percent (5%) of its ownership.

13. MATERIAL BREACH. Any breach of this Agreement by the Employee will be
a material breach.

14. EMPLOYEE CONSENT. In order to preserve their rights under this
Agreement, Employer and/or the Companies may advise any third party with
whom Employee may consider, establish or contract an employment, consulting
or service relationship of the existence of this Agreement and of its terms.
Employee agrees that Employer and the Companies will have no liability for
so acting.

15. CONTROLLING LAW. This Agreement will be governed and construed in
accordance with the laws of the State of Missouri and the rights and duties
of the parties pursuant to this Agreement or by operation of law by reason
of any matter relating to this Agreement, will be governed by the laws of the
State of Missouri, without regard to conflicts of laws

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principles. The parties agree that any controversy arising with respect to this
agreement will fall under the exclusive jurisdiction of the Circuit Court of
the County of St. Louis, Missouri, and each party hereby consents to the
jurisdiction and venue of that court.

16. REMEDIES. Employee agrees that the promises in this Agreement are
reasonable and necessary to protect the legitimate business interests of
Employer and the Companies, and that any violation by Employee of any of the
promises in this Agreement would result in great damage and irreparable
injury to Employer and/or the Companies. Employee further agrees that if
Employee were to violate the covenants in Section 11 of this Agreement, the
unauthorized disclosure of Confidential Information would be inevitable and
result in great damage and irreparable harm. Employee agrees that in the
event of a breach of this Agreement, the Employer and/or the Companies have
the right to seek any and all legal and/or equitable remedies available for
any breach of this Agreement, including, but not limited to, enforcement by
injunction including ex parte temporary restraining order relief, in view of
such irreparable harm. Employee agrees that enforcement by way of Injunction
would not prevent Employee from making a living as described in Paragraph
11C. Employer is entitled to its attorneys' fees, costs, and any related
expenses incurred in the enforcement of this Agreement in the event of
any breach by Employee.

17. SEVERABILITY. In the event any provision in this Agreement is deemed
unenforceable, in whole or in part, it will not invalidate either the
balance of the provisions or the remaining provisions of this Agreement. In
addition, the parties have attempted to limit Employee's right to compete
only to the extent necessary to protect Employer from unfair competition.
Consequently, the parties further agree that if any restrictive covenant in
this Agreement is deemed unenforceable, in whole or in part, because overly
broad in geographic scope, activity or time duration, that provision shall
be automatically modified so as to be enforceable to the maximum extent
reasonable.

18. ASSIGNMENT. This Agreement is not assignable by Employee, and will be
binding upon Employee and Employee's heirs, executors and legal and/or
personal representatives. This Agreement is assignable by Employer, and will
inure to the benefit of Employer, its successors and assigns. If Employee
subsequently accepts employment with one of the Companies, this Agreement
will be automatically assigned to the employing Company without additional
covenant or notice to Employee. In the event of this or any other
assignment, sale, merger, or other change in the ownership or structure of
Employer, the resulting entity will step into the place of the Employer
under this Agreement without additional covenant or notice to Employee. If
the Agreement is assigned, the term "Employer" will mean the then-employing
Company and the term "Companies" will mean the then-employing Company's
parents, subsidiaries and affiliates.

19. NONWAIVER. Failure of Employer and/or the Companies to exercise any of
its/their rights in the event Employee breaches any of the promises in this
Agreement shall not be construed as a waiver of such a breach or prevent
Employer and/or the Companies from later enforcing strict compliance with
the promises in this Agreement.

20. MODIFICATION. This Agreement contains the parties' complete agreement,
and supersedes any other agreement, oral or written, pertaining to the
subject matter of this Agreement. This Agreement may be altered, amended or
revoked at any time only by a writing signed by both parties.

21. ACKNOWLEDGMENT. Employee agrees that (s)he fully understands his/her
right to discuss all aspects of this Agreement with the legal or personal
advisors of his/her choice, and warrants that, to the extent (s)he desired,
(s)he has done so, (s)he has carefully read and fully understands all of the
provisions of this Agreement, and (s)he has voluntarily entered into this
Agreement.

IN WITNESS WHEREOF, Employee and Employer have executed this Agreement on
the day and year first written above.

EMPLOYEE                               EMPLOYER

/s/ Patricia K. McCullough             By /s/ Gerald R. Mitchell
----------------------------------       ---------------------------------------

                                       Title
                                            -----------------------------------<PAGE>

                                                              Exhibit 10(bb)

                                 [KV logo]
                         K-V PHARMACEUTICAL COMPANY
              EMPLOYMENT AND CONFIDENTIAL INFORMATION AGREEMENT

     This Agreement ("Agreement") is entered into on May 23, 1994, between
                                                     ------    --
Michael S. Anderson ("Employee") and K-V PHARMACEUTICAL COMPANY, a Delaware
-------------------
corporation ("KV").

     In consideration of Employee's employment or continued employment by KV
and other valuable consideration, the receipt and sufficiency of which are
acknowledged, Employee agrees as follows:

     1. AFFILIATES. KV has or may in the future have one or more
subsidiaries and/or affiliated companies (collectively referred to in the
remainder of this Agreement as the "Companies"). From time to time, KV and
the Companies may exchange or use facilities, technology and/or Confidential
Information (as that term is defined below) of the other. The covenants in
this Agreement are for the benefit and protection of KV and the Companies.

     2. NATURE OF EMPLOYMENT. Employee is hereby employed by KV in the
position of President. ETHEX. Employee acknowledges and agrees that his/her
            ---------  ------
job title and/or responsibilities may change from time to time. Employee
further agrees that, at all times, (s)he shall devote his/her full time and
best efforts to performing all duties reasonably assigned by KV.

     3. COMPENSATION. As compensation for Employee's services to KV,
Employee shall receive a base salary at the rate of One Hundred Seventy
                                                    -------------------
Thousand Dollars ($170,000.00**) per year, payable at such intervals as
----------------   ----------
KV pays its other employees. In addition, Employee shall be entitled to
participate in the fringe benefits normally provided to other KV employees
at comparable employment levels. Employee's compensation shall be subject to
KV's normal compensation review.

     4. TERM. The initial term of this Agreement shall begin on May 23, 1994,
                                                                ------    --
and continue until March 31, 1995, unless terminated sooner in
                   --------    --
accordance with paragraph 5 of this Agreement. If not terminated sooner
under paragraph 5 hereof, this Agreement shall automatically renew for
successive one (1) year periods unless and until either party terminates
this Agreement pursuant to the provisions of paragraph 5. Termination of
this Agreement by either party, for any reason, shall in no manner affect
the covenants contained in paragraphs 6-11 of this Agreement.

     5. TERMINATION. Either party may terminate this Agreement, for any
reason, by giving the other party thirty (30) calendar day's advance written
notice. KV may, at its sole discretion, elect to pay Employee in lieu of
having Employee continue to work during the notice period. If KV exercises
this right and option, it shall pay Employee, on KV's regularly scheduled
paydays and in accordance with KV's regular pay practices, either: (A)
Employee's regular wages for a period of thirty (30) calendar days or (B)
one-half (1/2) of Employee's regular wages for a period of sixty (60)
calendar days. KV reserves the right to cease the payment(s) described above
if, in KV's reasonable determination, Employee breaches this Agreement
during the period of such payments. Notwithstanding the foregoing, KV may
terminate this Agreement without prior written notice to Employee or any
continuing compensation obligations if, in KV's reasonable determination,
Employee has breached this Agreement or Employee's continued employment is
detrimental to KV's best interests. By way of example, but not limitation,
Employee's continued employment will be deemed detrimental to KV's best
interests if Employee has engaged in dishonesty, disloyalty, failure to
perform his/her duties to KV or any act which may be harmful to the
reputation of KV and/or the Companies.

     6. CONFIDENTIAL INFORMATION. In the course of performing his/her
responsibilities as an employee of KV, Employee has or may come into
possession of technical, financial or business information pertaining to KV
and/or the Companies which is not published or readily available to the
public, including, but not limited to, trade secrets, techniques, designs,
formulae, methods, processes, devices, machinery, equipment, inventions,
research and development projects, programs, plans and data, clinical
projects and data, plans for future developments, marketing concepts and
plans, pricing information, licensing agreements, and lists of or other
information pertaining to and/or received from employees, customers and/or
suppliers ("Confidential Information"). Employee acknowledges that the
Confidential Information is important to and greatly affects the success of
KV and the Companies in a competitive, worldwide marketplace. Employee
further agrees that while employed by KV and at all times thereafter,
regardless of how, when and why that employment ends, Employee shall hold in
the strictest confidence, and shall not disclose, duplicate and/or use for
himself/herself or any other person or entity any Confidential Information
without: (A) the prior written consent of an officer of KV, or (B) unless
required to do so in order to perform his/her responsibilities while
employed by KV.

     7. PUBLICATION. Employee agrees not to publish or cause or permit to be
published any article, oral presentation or material related to KV and/or
the Companies, including any information related to any products or proposed
products, without obtaining the prior written consent of an officer of KV.

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     8. NO OTHER CONTRACT. Except as listed below, Employee warrants that
(s)he is not bound by the terms of any other agreement, oral or written,
which would limit or preclude him/her from disclosing to KV and/or the
Companies any idea, invention, discovery or other information pertaining or
related to Employee's responsibilities as an employee of KV. Employee
agrees to promptly provide KV with a copy of any and all agreements listed
below. Employee further agrees not to disclose to KV or the Companies, or to
seek to induce KV or the Companies to use any confidential information,
material or trade secrets belonging to any other person or entity.__________
___________________________________________________________________________
___________________________________________________________________________.

     9. RIGHT TO WORK PRODUCT. Any and all designs, inventions, discoveries,
improvements, specifications, technical data, reports, business plans and
other embodiments of Employee's work conceived, made, discovered and/or
produced by Employee during the period of his/her employment by KV, either
solely or jointly with others: (A) in the course of performing his/her
duties for KV, (B) which are based, in whole or part, upon Confidential
Information, the resources, supplies, facilities or business, technical or
financial information of KV and/or the Companies, or (C) which relate to the
business or the anticipated research and development of KV, the Companies or
both ("Work Product"), shall be the sole property of KV and available to KV
at all times. Employee agrees to promptly disclose and assign and hereby
assigns to KV, without royalty or other additional consideration, any and
all of Employee's proprietary rights to any and all Work Product. Employee
further agrees that during his/her employment by KV and after that
employment ends, regardless of how, when and why, (s)he shall, upon KV's
request: (A) execute any and all applications for copyright and/or patent of
Work Product which may be prepared for his/her signature, (B) assign to KV
any and all such applications, copyrights and patents relating thereto, and
(C) assist KV, as KV deems necessary, in order for KV to apply for, defend
or enforce any copyright or patent. KV shall pay all expenses of preparing,
filing and prosecuting any such application and of obtaining such copyrights
and patents. In the event Employee is not employed by KV at the time any
request for assistance is made by KV, KV shall pay Employee a reasonable
payment for Employee's time and shall schedule any needed assistance so as
to not to interfere with Employee's then current employment and obligations.

     10. RETURN OF PROPERTY. Upon the termination of Employee's employment
with KV, regardless of how, when and why that employment ends, Employee
shall immediately deliver to KV all property of KV and all property of the
Companies, including, but not limited to, all records and documents
(including all copies) containing or relating to Confidential Information.

     11. RESTRICTIVE COVENANTS. The parties acknowledge and agree that at
the time this Agreement was entered, the business of KV and the Companies
included, but was not limited to, the contract or private label manufacture
for other marketers or distributors of pharmaceutical preparations or
specialty chemicals, and the research, development, manufacture, sale and
distribution of drug delivery products and technology. Employee agrees that
during the thirty-six (36) consecutive months immediately following
termination of Employee's employment with KV, regardless of how, when or why
that employment ends, Employee shall not in any manner or in any capacity,
directly or indirectly, for himself/herself or any other person or entity,
actually or attempt:

     (A)  to perform any of the same or similar responsibilities as Employee
          performed for KV under this Agreement, on behalf of or for any
          business that engages in the same or similar business as:
               (i)  KV anywhere KV has conducted business, or
               (ii) the Companies anywhere the Companies have conducted
                    business during the twenty-four (24) months immediately
                    preceding termination of employment; or

     (B)  to interfere with or take away:
               (i)  any customer of KV that has conducted business with KV, or
               (ii) any customer of the Companies that has conducted business
                    with the Companies during the twenty-four (24) months
                    immediately preceding termination of employment; or

     (C)  to interfere with any of the suppliers of KV and/or the Companies,
          including, without limitation, reducing in any material way the
          willingness or capability of any supplier to continue supplying KV
          with its and/or the Companies with their present or contemplated
          requirements; or

     (D)  to solicit or interfere with the relationship between KV and any
          of its employees or agents, and/or the Companies and any of their
          employees or agents; or

     (E)  to acquire any interest in any business that engages in the same
          or similar business as:
               (i)  KV anywhere KV has conducted business, or
               (ii) the Companies anywhere the Companies have conducted
                    business during the twenty-four (24) months immediately
                    preceding termination of employment.

Employee further agrees that (s)he shall not engage in any of the activities
listed above while (s)he is employed by KV.

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     Employee acknowledges and agrees that his/her experience, knowledge and
capabilities are such that (s)he can obtain employment in unrelated
pharmaceutical, chemical, food, industrial, household, confectionery or
other businesses, and that the enforcement of this paragraph 11 by way of
injunction would not prevent Employee from earning a livelihood. Employee
further agrees that if (s)he has any question(s) regarding the scope of
activities restricted by this paragraph 11, (s)he shall, to avoid confusion
or misunderstanding, submit the question(s) in writing to an officer of KV
for a written response by KV. Employee additionally agrees to keep KV advised
of the identity of his/her employer and his/her work location during the
period covered by this paragraph 11.

     12. INVESTMENT SECURITIES. Anything to the contrary notwithstanding,
nothing in this Agreement shall limit the right of Employee as an investor
to hold or to acquire the stock or other investment securities of any
business entity that is registered on a national securities exchange or
regularly traded on a generally recognized over-the-counter market, so long
as Employee's interest of any such business entity does not exceed five
percent (5%) of the ownership of that business entity.

     13. MATERIAL BREACH. Any breach of this Agreement shall be a material
breach of this Agreement.

     14. EMPLOYEE CONSENT. In order to preserve the rights under this
Agreement of KV and the Companies, KV and/or the Companies may advise any
third party with whom Employee may consider, establish or contract a
relationship of the existence of this Agreement and of its terms. KV and the
Companies shall have no liability for so acting.

     15. CONTROLLING LAW. This Agreement shall be construed in accordance
with the laws of the State of Missouri. The parties agree that any
controversy arising with respect to this Agreement shall fall under the
exclusive jurisdiction of the Circuit Court of the County of St. Louis,
Missouri, and each party hereby consents to the jurisdiction of that court.

     16. REMEDIES. Employee agrees that the promises in this Agreement are
reasonable and necessary to protect the legitimate business interests of KV
and the Companies, that any violation by Employee of any of the promises in
this Agreement would result in great damage and irreparable injury to KV
and/or the Companies, and that KV and/or the Companies have the right to any
and all legal and/or equitable remedies available for breach of this
Agreement. Employee further agrees that enforcement by KV and/or the
Companies of the promises contained in this Agreement by way of injunction
would not prevent Employee from making a living.

     17. SEVERABILITY. In the event any whole or partial provision in this
Agreement is deemed unenforceable, it shall not invalidate the remaining
whole or partial provisions of this Agreement. In addition, the parties have
attempted to limit Employee's right to compete only to the extent necessary
to protect KV from unfair competition. Consequently, the parties further
agree that if any whole or partial restrictive covenant in this Agreement is
deemed unenforceable because overly broad in geographic scope, activity or
time duration, that provision shall be automatically modified so as to be
enforceable to the maximum extent reasonable.

     18. ASSIGNMENT. This Agreement is not assignable by Employee, and shall
be binding upon Employee and Employee's heirs, executors and legal and/or
personal representatives. This Agreement is assignable by KV, and shall
inure to the benefit of KV, its successors and assigns.

     19. NONWAIVER. Failure of KV and/or the Companies to exercise any of
its/their rights in the event Employee breaches any of the promises in this
Agreement shall not be construed as a waiver of such a breach or prevent KV
and/or the Companies from later enforcing strict compliance with the
promises in this Agreement.

     20. MODIFICATION. This Agreement contains the parties' complete
agreement, and supersedes any other agreement, oral or written, pertaining
to the subject matter of this Agreement. This Agreement may be altered,
amended or revoked at any time only by a writing signed by both parties.

     21. ACKNOWLEDGMENT. Employee agrees that: (A) (s)he fully understands
his/her right to discuss all aspects of this Agreement with legal or
personal advisors of his/her choice, (B) to the extent (s)he desired, (s)he
has done so, (C) (s)he has carefully read and fully understands all of the
provisions of this Agreement, and (D) (s)he has voluntarily entered into
this Agreement.

     IN WITNESS WHEREOF, Employee and KV have executed this Agreement on the
day and year first written above.

EMPLOYEE                               COMPANY

/s/     Michael S. Anderson              By        /s/ Gerald R. Mitchell
----------------------------------       ---------------------------------------

                                       Title           VP - Finance
                                            ------------------------------------
                                                 KV Pharmaceutical Company

<PAGE>
<PAGE>

                          KV PHARMACEUTICAL COMPANY
                     AMENDMENT TO EMPLOYMENT AGREEMENT

         THIS AMENDMENT ("Amendment") is entered into effective February 16,
                                                                -----------
2000, between MICHAEL S. ANDERSON ("Employee") and KV PHARMACEUTICAL
COMPANY, a Delaware corporation ("KV").

         WHEREAS KV and Employee have entered into that certain KV
Pharmaceutical Company Employment and Confidential Information Agreement
dated May 23, 1994 (the "Employment Agreement") and a subsequent amendment
dated May 5, 1997;

         WHEREAS KV and Employee desire to make certain changes and
additions to Employment Agreement and to modify and supercede the Amendment
dated May 5, 1997 as provided herein;

         NOW THEREFORE, in consideration of Employee's employment or
continued employment by KV and other valuable consideration, the receipt and
sufficiency of which are acknowledged, KV and Employee agrees as follows:

         1. Paragraph 2 of the Employment Agreement regarding "Nature of
Employment" is hereby amended to specify the position of President and Chief
Executive Officer of Ther-Rx Corporation.

         2. Paragraph 3 of the Employment Agreement regarding "Compensation"
is hereby amended to specify a base salary of Two Hundred Sixty Five
Thousand Dollars ($265,000) effective February 16, 2000.

         3. Paragraph 4 of the Employment Agreement regarding "Term" is
hereby amended in its entirety to read as follows:

            4. TERM. This Agreement shall be effective as of the date first set
     forth above and continue until March 31, 2006, unless terminated sooner
     in accordance with Paragraph 5 of this Agreement. If not terminated
     sooner under Paragraph 5 hereof, this Agreement shall automatically
     renew for successive twelve (12) month periods unless and until either
     party terminates this Agreement pursuant to the provisions of Paragraph
     5. Termination of this Agreement by either party, for any reason, shall
     in no matter affect the covenants contained in Paragraphs 6-11 of this
     Agreement.

         4. Paragraph 5 of the Employment Agreement regarding "Termination"
is hereby amended in its entirety to read as follows:

                                   1 of 7

<PAGE>
<PAGE>

         5. TERMINATION.

         (A) VOLUNTARY. Employee may terminate this Agreement at the end of
     the initial term or, after completion of the initial term, at the end
     of each successive term, for any reason, by notifying KV in writing
     three (3) calendar months' prior to the end of the term. Such advance
     written notice shall be directed to KV's Vice President, Human
     Resources. In the event of such voluntary termination, Employee agrees
     to remain on the job for the balance of the term and for three (3)
     additional months after the end of the term and at all times
     faithfully, industriously and to the best of his ability, experience
     and talents, perform all of the duties that have been required of him
     prior to Employee's notice of termination, all to the reasonable
     satisfaction of KV. Employee agrees that he will remain actively at
     work, as described above and will continue to be compensated at his
     normal rate, during the entire six (6) month notice period unless he is
     released from all responsibilities prior to the end of the notice
     period by the Board of Directors or the Chief Executive Officer of KV,
     in which case, his compensation shall be discontinued. Because of the
     nature of the position and the business, Employee agrees that if he
     should fail to fully comply with the notice required by this
     subsection, and if he should fail to fully comply with the requirement
     to remain on the job and faithfully and to the best of his ability
     perform all of his duties, KV will incur damages as a direct result and
     that the amount of said damages will be difficult to ascertain.
     Accordingly, specific performance will be required unless KV releases
     Employee from these obligations.

         If Employee decided to terminate his employment with KV, Employee
     shall disclose Employee's decision to terminate to the Vice President,
     Human Resources of KV and shall not disclose such information to any
     other party (except for a subsequent employer of Employee which has
     agreed to keep such information confidential until KV has announced
     Employee's termination) until such time as the Vice President, Human
     Resources of KV determines how and when to announce Employee's
     termination.

         (B) INVOLUNTARY. In the event of involuntary termination by KV,
     except termination for cause, KV shall provide Employee with severance
     pay of no less than one-half of the Employee's annual base salary, then
     in effect under Paragraph 3 of this Agreement, less usual withholdings.
     This severance package shall be paid in twelve (12) equal monthly
     installments, each payment to be made on the last day of each of the
     twelve (12) calendar months following the last day worked. In addition,
     KV shall provide Employee, at KV's expense, with medical, disability
     and life insurance coverage and all other insurance coverage of the
     same or similar types, and in the same or similar amounts as KV is
     providing to Employee immediately prior to the last day worked. This
     continuation of insurance coverage shall cease the earlier of twelve
     (12) months after the last date worked or at such time as Employee
     obtains other full-time, non-temporary employment which provides
     comparable coverage. In addition, as of the last date worked, unless
     Employee is involuntarily terminated for cause, all stock options shall
     become immediately exercisable and shall remain exercisable until the
     earlier of six (6) months following the last date worked or at such
     time as Employee obtains other full-time, non-temporary employment.

                                   2 of 7

<PAGE>
<PAGE>

         In consideration of the severance pay provided under this
     paragraph, in the event of the cancellation, termination or expiration
     of the Employment Agreement for any reason, Employee agrees to provide
     reasonable and necessary services to assist KV in transition of
     responsibilities and ongoing continuity of his job function unless KV
     does not request such services.

         KV may terminate this Agreement for cause and in such event
     Employee shall not be entitled to any severance pay. The term "for
     cause" as used herein shall mean (i) commission of a dishonest or
     criminal act in respect of Employee's employment or conviction of a
     felony, or (ii) breach of trust or gross negligence, or (iii) willful
     refusal to perform duties imposed by this Agreement which are legal and
     not improper, or (iv) Employee's violation of Paragraph 6, 8, 9 or 10
     of this Agreement, or (v) the continuing neglect or failure of Employee
     to perform the duties reasonably assigned to Employee by KV and after
     notice from KV of such neglect or failure, Employee's failure to cure
     such neglect or failure. Any termination of this agreement by KV shall
     be effective only upon providing Employee with written notice and
     advising Employee as to whether his termination is for cause.

         Employee acknowledges that the duties and obligations of Paragraphs
     7, 9, 10, 11 and 12 shall survive the termination of his employment.

         6. The following new Sections 22 and 23 are hereby added to the end
of the Employment Agreement:

         22. CHANGE OF CONTROL

         (A) DEFINITION. For purposes of this Agreement, a "Change of
     Control" of KV shall mean the occurrence of any one of the following
     events:

                  (i) any "person," as such term is used in Section 13(d) of
     the Securities Exchange Act of 1934, becomes a "beneficial owner," as
     such term is used in Rule 13d-3 promulgated under that Act, of twenty
     percent (20%) or more of the voting stock of KV;

                  (ii) the majority of the Board consists of individuals
     other than Incumbent Directors, which term means the members of the
     Board on the date of this Agreement; provided that any person becoming
     a director subsequent to such date whose election or nomination for
     election was supported by two-thirds (2/3) of the directors who then
     comprised the Incumbent Directors shall be considered to be an
     Incumbent Director;

                  (iii) KV adopts any plan of liquidation providing for the
     distribution of all or substantially all of its assets;

                                    3 of 7

<PAGE>
<PAGE>

                  (iv) all or substantially all of the assets or business of
     KV is disposed of pursuant to a merger, consolidation or other
     transaction (unless the shareholders of KV immediately prior to such
     merger, consolidation or other transaction beneficially own, directly
     or indirectly, in substantially the same proportion as they owned the
     voting stock of the company, all of the voting stock or other ownership
     interests of the entity or entities, if any, that succeed to the
     business of KV); or

                  (v) KV combines with another company and is the surviving
     corporation but, immediately after the combination, the shareholders of
     KV, immediately prior to the combination hold, direct or indirectly,
     fifty percent (50%) or less of the voting stock of the combined company
     (there being excluded from the number of shares held by such
     shareholders, but not from the voting stock of the combined company,
     any shares received by affiliates of such other company in exchange for
     stock of such other company).

         (B) TERMINATION AFTER CHANGE IN CONTROL. In the event of a Change
     of Control of KV, if (i) immediately preceding such Change of Control,
     Employee was providing services under Paragraph 2 or 5, and (ii)
     Employee's employment in such capacity terminates within a two-year
     period following such Change of Control ("Termination"), involuntarily,
     with or without cause, for any reason whatsoever, except for the death
     or disability of Employee, Employee shall be entitled to the benefits
     provided in Paragraph 22(C). For purposes of this Paragraph 22, "Date
     of Termination" shall mean the date on which a Notice of Termination is
     given, unless the parties agree to another date, and "Notice of
     Termination" shall mean a written notice communicated by either party
     to the other party which indicates that Employee's employment with KV
     is being terminated.

         (C) PAYMENTS ON TERMINATION AFTER CHANGE IN CONTROL.

                  (i) Employee's annual base salary through the Date of
     Termination at the rate in effect on the date Notice of Termination is
     given, including vacation pay, allowances and other compensation and
     benefits, and (ii) the amount, if any, of any bonus for the past fiscal
     year (and pro rata for any portion of the then current fiscal year
     through the Date of Termination) which has not been awarded or paid
     under any bonus plans in which Employee is entitled to participate at
     the time of the Change of Control or under other bonus plans at least
     as beneficial to Employee. In addition, KV shall continue in full force
     and effect for the benefit of Employee through the Date of Termination
     all stock ownership, purchase or option plans, employee benefit or
     compensation plans, and insurance or disability plans in effect
     immediately preceding the Change of Control or plans substantially
     similar thereto.

                                   4 of 7

<PAGE>
<PAGE>

                  (ii) In lieu of any further payments or benefits to be
     paid or otherwise provided under Paragraph 5 (excluding any stock
     option or restricted stock grants, and any deferred compensation
     benefits for any period subsequent to the Date of Termination), KV
     shall pay as severance pay ("Severance Pay") to Employee a lump sum
     payment equal to the sum of: (a) one and one-half (1 1/2) times the
     greater of: (x) Employee's base salary immediately prior to the Date of
     Termination, or (y) Employee's base salary in effect immediately prior
     to the date on which the Change of Control occurred, and (b) Employee's
     bonus, which would be payable in respect of the eighteen (18) month
     period beginning on the Date of Termination as if Employee had
     continued his position assuming an annual bonus equal to the average of
     the three (3) complete bonus years immediately preceding the Date of
     Termination. Such Severance Pay shall be subject to all applicable
     federal and state income taxes. The portion of the Severance Pay based
     upon Employee's base salary shall be paid on or before the fifth (5th)
     day following the Date of Termination, and the portion of the Severance
     Pay based upon any bonus plan shall be paid to Employee as and when
     payable under the terms of the applicable plan had Employee's
     employment continued. Employee, by written notice to KV at any time
     prior to a Change of Control of KV or the Date of Termination, may
     elect, in his sole discretion, to receive said Severance Pay
     interest-free at a future time, but in no event any later than eighteen
     (18) months after the Date of Termination.

                  (iii) To the extent not otherwise provided for under the
     terms of any of KV's stock option agreements, all stock options granted
     by KV or any predecessor of KV to Employee shall vest and be
     exercisable or transferable as of the Date of Termination, and shall
     remain fully exercisable for ninety (90) days following the Date of
     Termination.

                  (iv) With respect to welfare benefits (health, life,
     dental, AD&D), KV shall maintain in full force and effect, for the
     continued benefit of Employee and members of Employee's family, for a
     period of twenty four (24) months after the Date of Termination; all
     employee benefit plans and programs, which KV otherwise provides for
     its employees.

         (D) APPLICATION OF SECTION 280G AND SECTION 4999. If it shall be
     determined that any payment or distribution by KV to or for the benefit
     of Employee (whether paid or payable or distributable pursuant to the
     terms of this Paragraph 22), would be considered tO be a parachute
     payment as defined in Section 280G of the Internal Revenue Code such
     that it would be subject to the payment by Employee of the excise tax
     imposed by Section 4999 of the Internal Revenue Code of 1986, as
     amended, or any interest and penalties is alleged to be due from
     Employee with respect to such excise tax (such excise tax, together
     with any interest and penalties, are hereinafter collectively referred
     to as the "Excise Tax"), then Employee's Severance Pay shall be
     limited, as determined by Employer in its discretion, so as to avoid
     any Excise Tax.

                                   5 of 7

<PAGE>
<PAGE>

                  (23) NOTICE. Any notice given by either party hereunder
     shall be in writing and shall be personally delivered or shall be
     mailed, Express, certified or registered mail, or sent by a generally
     recognized next business day courier, postage or other charges prepaid,
     as follows:

                  To KV:

                          KV Pharmaceutical Company
                          2503 South Hanley Road
                          St. Louis, Missouri 63144
                          Attention: Vice President, Human Resources

                 To Employee:

                          At his address as set forth on the payroll
                          records of KV,

     or to such other address as may have been furnished to the other party
     by written notice. Notice shall be deemed given on the date personally
     delivered, or if sent by Express Mail or next business day courier on
     the business day following the date sent, or if otherwise mailed, two
     (2) calendar days after the date postmarked.

                                   6 of 7

<PAGE>
<PAGE>

         IN WITNESS WHEREOF, Employee and KV have executed this Amendment on
the day and year first written above.

                                       "EMPLOYEE"

                                       /s/ Michael S. Anderson
                                       -----------------------------------------
                                       MICHAEL S. ANDERSON

                                       "KV"

                                       KV PHARMACEUTICAL COMPANY

                                       By: /s/ Marc S. Hermelin
                                          --------------------------------------
                                          MARC S. HERMELIN
                                          CHIEF EXECUTIVE OFFICER

Witness:

         /s/ Sarah Weltscheff
         ----------------------------

Date:    February 16, 2000
         ----------------------------

                                   7 of 7

<PAGE>
<PAGE>

                         KV PHARMACEUTICAL COMPANY
                     AMENDMENT TO EMPLOYMENT AGREEMENT

         THIS AMENDMENT ("Amendment") is entered into effective February 20,
2006, between MICHAEL S. ANDERSON ("Employee") and KV PHARMACEUTICAL
COMPANY, a Delaware corporation ("KV").

         WHEREAS KV and Employee have entered into that certain KV
Pharmaceutical Company Employment and Confidential Information Agreement
dated May 23, 1994 (the "Employment Agreement"), and Amendments dated May 5,
1997 and February 16, 2000;

         WHEREAS KV and Employee desire to make certain changes and
additions to Employment Agreement as provided herein;

         NOW THEREFORE, in consideration of Employee's employment or
continued employment by KV and other valuable consideration, the receipt and
sufficiency of which are acknowledged, KV and Employee agrees as follows:

         1. Paragraph 2 of the Employment Agreement regarding "Nature of
Employment" is hereby amended to specify the position of Corporate Vice
President, Industry Presence and Development, KV Pharmaceutical Company.

         2. Paragraph 3 of the Employment Agreement regarding "Compensation"
is hereby amended to specify a base salary of Three Hundred Thirty Two
Thousand Dollars ($332,000) effective February 20, 2006, through March 31,
2007.

         3. Paragraph 4 of the Employment Agreement regarding "Term" is
hereby amended in its entirety to read as follows:

            4. TERM. This Agreement shall be effective as of the date first set
     forth above and continue until March 31, 2011, unless terminated sooner
     in accordance with Paragraph 5 of this Agreement. If not terminated
     sooner under Paragraph 5 hereof, this Agreement shall automatically
     renew for successive twelve (12) month periods unless and until either
     party terminates this Agreement pursuant to the provisions of Paragraph
     5. Termination of this Agreement by either party, for any reason, shall
     in no manner affect the covenants contained in Paragraphs 6-11 of this
     Agreement.

         4. Paragraph 5 of the Employment Agreement regarding "Termination"
is hereby amended to include the following provision:

         In the event Employee experiences health problems, as confirmed by
     a physician mutually agreed upon by KV and Employee, that requires his
     retirement from a business career, Employee may terminate this
     Agreement by giving six (6) months notice, unless Employee is disabled
     and unable to carry out the duties of his position, in which case,
     Employee may terminate his employment by giving less than six (6)
     months notice.

                                Page 1 of 2

<PAGE>
<PAGE>

         The paragraphs of the Employment Agreement which have not been
amended by this Amendment shall remain in full force and effect.

         IN WITNESS WHEREOF, Employee and KV have executed this Amendment on
the day and year first written above.

                                       "EMPLOYEE"

                                       /s/ Michael S. Anderson
                                       -----------------------------------------
                                       MICHAEL S. ANDERSON

                                       "KV"

                                       KV PHARMACEUTICAL COMPANY

                                       By: /s/ Gerald R. Mitchell
                                          --------------------------------------
                                          GERALD R. MITCHELL
                                          VP & CFO

Witness: /s/ Sarah Weltscheff
         ----------------------------

Date:    March 27, 2006
         ----------------------------

                                Page 2 of 2

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