Document:

exv10w75

Exhibit 10.75

CORNERSTONE THERAPEUTICS INC.

Restricted Stock Agreement

     Name of Recipient:

     Number of shares of restricted common
stock awarded:

     Grant Date:

     Cornerstone Therapeutics Inc. (the “Company”) has selected you to receive the restricted stock
award described above, which is subject to the provisions of the Company’s 2004 Stock Incentive
Plan (the “Plan”), and the terms and conditions contained in this Restricted Stock Agreement (the
“Agreement”). Please confirm your acceptance of this restricted stock award and of the terms and
conditions of this Agreement by signing a copy of this Agreement where indicated below.

	 	 	 	 	 
	 	CORNERSTONE THERAPEUTICS INC.

 	 
	 	By:  	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

	 	 	 
	Accepted and Agreed:
	 	 
	 
	 	 
	 

[Name of Recipient]

	 	 

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CORNERSTONE THERAPEUTICS INC.

Restricted Stock Agreement

     The terms and conditions of the award of shares of restricted common stock of the Company (the
“Restricted Shares”) made to the Recipient, as set forth on the cover page of this Agreement, are
as follows:

     1. Issuance of Restricted Shares.

         (a) The Restricted Shares are issued to the Recipient, effective as of the Grant Date (as set
forth on the cover page of this Agreement), in consideration of employment services rendered and to
be rendered by the Recipient to the Company.

         (b) As promptly as practicable following the Grant Date, the Company shall issue one or more
certificates in the name of the Recipient for the Restricted Shares. Such certificate(s) shall
initially be held on behalf of the Recipient by the [Secretary/Treasurer]1 of the
Company. Following the vesting of any Restricted Shares pursuant to Section 2 below, the
[Secretary/Treasurer] shall, if requested by the Recipient, deliver to the Recipient a certificate
representing the vested Restricted Shares.

         (c) In lieu of the procedure in Section 1(b), at the Company’s option, the Restricted Shares
may be transferred electronically by the Treasurer of the Company to the Company’s transfer agent
to hold as custodian on behalf of Recipient in the transfer agent’s restricted stock ledger.
Following the vesting of any Restricted Shares pursuant to Section 2 below, the Treasurer shall
notify the transfer agent to transfer such vested shares from its restricted stock ledger to its
general stock ledger.

         (d) The Recipient agrees that the Restricted Shares shall be subject to the forfeiture
provisions set forth in Section 3 of this Agreement and the restrictions on transfer set forth in
Section 4 of this Agreement.

     2. Vesting.

         (a) Vesting Schedule. Unless otherwise provided in this Agreement or the Plan, the
Restricted Shares shall vest in accordance with the following vesting schedule:
[                    ]2.

         (b) Acceleration of Vesting. Any acceleration of vesting with respect to the
Restricted Shares shall be subject to the vesting provisions in the [Executive Employment
Agreement]3 between the Recipient and the Company dated as of [                    ]4, as such agreement

 

			
	1	 	Officer specified generally should be the
Secretary except that the Treasurer should be specified for restricted stock
awards to the Secretary.
	 
	2	 	Insert vesting schedule.
	 
	3	 	Insert actual title of the employment
agreement between the Recipient and the Company.

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may be amended, restated, or superseded (the
“Executive Employment Agreement”), and otherwise subject to the provisions of the Plan. In the
event of any conflict between the Plan and the Executive Employment Agreement, the provisions of
the Executive Employment Agreement shall control.

     3. Forfeiture of Unvested Restricted Shares Upon Employment Termination.

     In the event that the Recipient ceases to be employed by the Company for any reason or no
reason, with or without cause, except as provided in Section 2(b) above, all of the Restricted
Shares that are unvested as of the time of such employment termination shall be forfeited
immediately and automatically to the Company, without the payment of any consideration to the
Recipient, effective as of such termination of employment. The Recipient hereby authorizes the
Company to take any actions necessary or appropriate to cancel any certificate(s) representing
forfeited Restricted Shares and transfer ownership of such forfeited Restricted Shares to the
Company; and if the Company or its transfer agent requires an executed stock power or similar
confirmatory instrument in connection with such cancellation and transfer, the Recipient shall
promptly execute and deliver the same to the Company. The Recipient shall have no further rights
with respect to any Restricted Shares that are so forfeited. If the Recipient is employed by a
subsidiary of the Company, any references in this Agreement to employment with the Company shall
instead be deemed to refer to employment with such subsidiary.

     4. Restrictions on Transfer.

     The Recipient shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of,
by operation of law or otherwise (collectively “transfer”) any Restricted Shares, or any interest
therein, until such Restricted Shares have vested, except that the Recipient may transfer such
Restricted Shares: (a) to or for the benefit of any spouse, children, parents, uncles, aunts,
siblings, grandchildren and any other relatives approved by the Board (as defined below)
(collectively, “Approved Relatives”) or to a trust established solely for the benefit of the
Recipient and/or Approved Relatives, provided that such Restricted Shares shall remain
subject to this Agreement (including without limitation the forfeiture provisions set forth in
Section 3 and the restrictions on transfer set forth in this Section 4) and such permitted
transferee shall, as a condition to such transfer, deliver to the Company a written instrument
confirming that such transferee shall be bound by all of the terms and conditions of this
Agreement; or (b) as part of the sale of all or substantially all of the shares of capital stock of
the Company (including pursuant to a merger or consolidation). The Company shall not be required
(i) to transfer on its books any of the Restricted Shares which have been transferred in violation
of any of the provisions of this Agreement or (ii) to treat as owner of such Restricted Shares or
to pay dividends to any transferee to whom such Restricted Shares have been transferred in
violation of any of the provisions of this Agreement.

 

			
	4	 	Insert date of the employment agreement
between the Recipient and the Company.

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     5. Restrictive Legends.

     All certificates representing Restricted Shares shall have affixed thereto a legend in
substantially the following form, in addition to any other legends that may be required under
applicable law:

“These shares of stock are subject to forfeiture provisions and
restrictions on transfer set forth in a certain Restricted Stock Agreement
between Cornerstone Therapeutics Inc. (the “Corporation”) and the
registered owner of these shares (or his or her predecessor in interest),
and such Agreement is available for inspection without charge at the
office of the Secretary of the Corporation.”

     6. Rights as a Shareholder.

     Except as otherwise provided in this Agreement, for so long as the Recipient is the registered
owner of the Restricted Shares, the Recipient shall have all rights as a shareholder with respect
to the Restricted Shares, whether vested or unvested, including, without limitation, any rights to
vote the Restricted Shares and act in respect of the Restricted Shares at any meeting of
shareholders and to receive dividends and distributions with respect to such Restricted Shares;
provided, however, that if any such dividends or distributions are paid in shares, or consist of a
dividend or distribution to holders of Common Stock other than an ordinary cash dividend, the
shares, cash or other property will be subject to the same restrictions on transferability and
forfeitability as the shares of Restricted Stock with respect to which they were paid. Each
dividend payment will be made no later than the end of the calendar year in which the dividends are
paid to shareholders of that class of stock or, if later, the 15th day of the third
month following the date the dividends are paid to shareholders of that class of stock.

     7. Provisions of the Plan.

     This Agreement is subject to the provisions of the Plan, a copy of which is furnished to the
Recipient with this Agreement.

     8. Tax Matters.

         (a) Acknowledgments; Section 83(b) Election. The Recipient acknowledges that he or
she is responsible obtaining the advice of the Recipient’s own tax advisors with respect to the
acquisition of the Restricted Shares and the Recipient is relying solely on such advisors and not
on any statements or representations of the Company or any of its agents with respect to the tax
consequences relating to the Restricted Shares. The Recipient understands that the Recipient (and
not the Company) shall be responsible for the Recipient’s tax liability that may arise in
connection with the acquisition, vesting and/or disposition of the Restricted Shares. The
Recipient acknowledges that he or she has been informed of the availability of making an election
under Section 83(b) of the Internal Revenue Code, as amended, with respect to the issuance of the
Restricted Shares and that the Recipient has decided not to file a Section 83(b) election.

         (b) Withholding. The Recipient acknowledges and agrees that the Company has the right
to deduct from payments of any kind otherwise due to the Recipient any federal, state, local or
other taxes of any kind required by law to be withheld with respect to the vesting

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of the Restricted Shares. On each date on which Restricted Shares vest, the Company shall deliver written
notice to the Recipient of the amount of withholding taxes due with respect to the vesting of the
Restricted Shares that vest on such date; provided, however, that the total tax withholding cannot
exceed the Company’s minimum statutory withholding obligations (based on minimum statutory
withholding rates for federal and state tax purposes, including payroll taxes, that are applicable
to such supplemental taxable income). The Recipient shall satisfy such tax withholding obligations
by making a cash payment to the Company on the date of vesting of the Restricted Shares, in the
amount of the Company’s withholding obligation in connection with the vesting of such Restricted
Shares. The Recipient may, if the Board, in its sole discretion, so approves in writing in advance
of the applicable vesting date, satisfy such tax withholding obligations by transferring to the
Company, on each date on which Restricted Shares vest under this Agreement, such number of
Restricted Shares that vest on such date as have a fair market value (calculated using the last
reported sale price of the common stock of the Company on the NASDAQ Capital Market on the trading
date immediately prior to such vesting date) equal to the amount of the Company’s tax withholding
obligation in connection with the vesting of such Restricted Shares. In the event that the Board
approves such method of satisfying the tax withholding, to effect such delivery of Restricted
Shares, the Recipient shall be required to authorize the Company to take any actions necessary or
appropriate to cancel any certificate(s) representing such Restricted Shares and transfer ownership
of such Restricted Shares to the Company; and if the Company or its transfer agent requires an
executed stock power or similar confirmatory instrument in connection with such cancellation and
transfer, the Recipient shall promptly execute and deliver the same to the Company.

     9. Miscellaneous.

         (a) Authority of the Board. In making any decisions or taking any actions with
respect to the matters covered by this Agreement, the Board of Directors of the Company or a
designated committee of the Board, including, but not limited to, the Compensation Committee of the
Board (collectively, the “Board”) shall have all of the authority and discretion, and shall be
subject to all of the protections, provided for in the Plan. All decisions and actions by the
Board with respect to this Agreement shall be made in the Board’s discretion and shall be final and
binding on the Recipient.

         (b) No Right to Continued Employment. The Recipient acknowledges and agrees that,
notwithstanding the fact that the vesting of the Restricted Shares is contingent upon his or her
continued employment by the Company, this Agreement does not constitute an express or implied
promise of continued employment or confer upon the Recipient any rights with respect to continued
employment by the Company.

         (c) Governing Law. This Agreement shall be construed, interpreted and enforced in
accordance with the internal laws of the State of Delaware without regard to any applicable
conflicts of laws provisions.

         (d) Recipient’s Acknowledgments. The Recipient acknowledges that he or she has read
this Agreement, has received and read the Plan, and understands the terms and conditions of this
Agreement and the Plan.

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Exhibit 10.89

EXECUTION VERSION

October 16, 2009

Via Hand Delivery

Brian Dickson

9308 Royal Crest Drive

Raleigh, NC 27617

RE: Separation Letter Agreement and General Release

Dear Brian:

     This Separation Letter Agreement and General Release (the “Agreement”) sets forth and
confirms the terms of the separation package that you are eligible to receive pursuant to your
Amended and Restated Executive Employment Agreement dated May 6, 2009 (the “Employment
Agreement”) by and between Cornerstone Therapeutics Inc. (the “Company”) and you
(“you” or the “Employee”) as a result of the Company’s termination of your
employment with the Company without “cause.” To receive the severance benefits, you must enter
into a binding severance agreement drafted by and satisfactory to the Company. You will have
twenty-one (21) days from your receipt of this Agreement to consider it and once you have signed
this Agreement, you will have seven (7) days to revoke your acceptance as set forth in Paragraphs
Nos. 8 and 19 below. Please note that the earliest you can accept this Agreement is the
Termination Date (as defined below). Please read this Agreement carefully and review it with your
attorney. If you are willing to agree to its terms, please sign and date in the space provided on
the signature page and return it to the Director, Human Resources of the Company at the address set
forth in Paragraph No. 21.

     1. Whether or not you choose to timely sign and return this Agreement, your employment with
the Company will end as of October 16, 2009 (the “Termination Date”), provided that you
satisfactorily perform your job and comply with Company policies and practices as determined in
good faith by the Company through the Termination Date. Whether or not you choose to sign this
Agreement, you will be paid on or about the Termination Date the following:

	 	(a)	 	any of your unpaid current base salary through the Termination
Date, less lawful deductions; and

	 	(b)	 	your unused and accrued vacation as of the Termination Date.

     2. After the Termination Date, except as provided below, you will not be entitled to receive
any benefits paid by, or participate in any benefit programs offered by the Company to its
employees, including, but not limited to, the Company’s 401(k) plan, stock option plans, bonus
plans, commission plans, sales incentive plans, retention agreements, severance, expense
reimbursements, life insurance or disability insurance programs, except as required by federal or
state law or as otherwise described to you in writing in such plan or program documents. You will
receive, under separate cover, information concerning your right to continue your health insurance
and dental insurance benefits after that date in accordance with COBRA. You must complete the
COBRA enrollment documents within the required period in order to continue this coverage. You will
also receive, under separate cover, an information statement regarding the vesting of your stock
options agreements as of the Termination Date. Under the

 

 

terms of the Company’s stock option plans, you cease further vesting of stock options upon the
Termination Date except as otherwise provided in your Employment Agreement.

     3. In consideration for timely signing of this Agreement and the promises made herein, the
Company agrees to provide you with the monies and benefits in accordance with the terms of Section
5.4 of the Employment Agreement set forth in Attachment A (attached hereto) provided that
you do not revoke your acceptance of this Agreement pursuant to Paragraph No. 19 below. The
distribution of all severance payments and benefits provided in Attachment A shall be
subject to the provisions of Attachment B (attached hereto).

     4. You also understand and agree that you would not receive the monies and/or benefits
specified in Paragraph No. 3 above, except for your execution of this Agreement and the fulfillment
of the promises contained herein. You acknowledge and agree that such payments shall be provided
in lieu of any severance plan of the Company, any benefits under your Employment Agreement and any
benefits under your employment offer letter. You acknowledge and agree that you are solely
responsible for the following:

	 	(a)	 	properly and timely electing to continue health and dental
insurance coverage under COBRA; and

	 	(b)	 	promptly notifying the Company if you become eligible for
coverage under the group health plan of another employer prior to twelve (12)
months after the Termination Date.

     5. In consideration of the payments to be made by the Company to you as set forth in Paragraph
No. 3 above and the promises contained in this Agreement, you hereby voluntarily and of your own
free will agree to release, remise, forever discharge and hold harmless the Company, its past,
present and future subsidiaries, corporate affiliates, parent companies, and its and/or their past,
present and future officers, directors, stockholders, trustees, successors and assigns, agents and
employees (each in both their individual and corporate capacities) (hereinafter, the
“Releasees”) from any and all claims, charges, complaints, demands, actions, causes of
action, suits, rights, debts, sums of money, costs, accounts, reckonings, covenants, contracts,
agreements, promises, doings, omissions, damages, executions, obligations, liabilities, and
expenses (including attorneys’ fees and costs), of every kind and nature, whether known or unknown,
that might be asserted arising out of your employment by and separation from the Company,
including, but not limited to, (1) The National Labor Relations Act, as amended; (2) Title VII of
the Civil Rights Act of 1964, as amended; (3) Sections 1981 through 1988 of Title 42 of the United
States Code, as amended; (4) the Age Discrimination in Employment Act of 1967, as amended (“ADEA”);
(5) the Older Workers Benefit Protection Act (“OWBPA”); (6) the Immigration Reform Control Act, as
amended; (7) the Employee Retirement Income Security Act of 1974, 29 U.S.C. § 1001, et
seq., except for any claims for benefits vested, due and owing; (8) the Occupational Safety
and Health Act, as amended; (9) the Civil Rights Act of 1866, 29 U.S.C. § 1981, et
seq; (10) the Rehabilitation Act of 1973, 29 U.S.C. § 701, et seq.;
(11) the Americans With Disabilities Act of 1990, as amended; (12) the Civil Rights Act of 1991;
(13) the Workers Adjustment and Retraining Notification Act, as amended; (14) the Family and
Medical Leave Act, as amended; (15) Section 806 of the Corporate and Criminal Fraud Accountability
Act of 2002; (16) Executive Order 11141; (17) the Fair Credit Reporting Act, 15 U.S.C. § 1681
et seq.; (18) any other federal or state law, regulation, or ordinance; (19) any
public policy, contract, tort, or common law; (20) all claims to any non-vested ownership interest
in the Company, contractual or otherwise, including but not limited to claims to stock or stock
options (except as set forth in Attachment A); and (21) any allegation for costs, fees, or
other expenses including attorneys’ fees incurred in these matters. The release of claims set
forth in this paragraph does not apply to claims for workers’ compensation benefits or unemployment
benefits filed with the applicable state agencies. You

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agree that neither this Agreement, nor the furnishing of consideration for this Agreement,
shall be deemed or construed at anytime for any purpose as an admission by the Company of any
liability or unlawful conduct of any kind.

     6. You will not sue the Releasees on any matters relating to your employment arising before
the execution of this Agreement, including, but not limited to, claims under the ADEA, or join as a
party with others who may sue Releasees on any such claims. Provided, however, nothing in this
Agreement prevents you from filing, cooperating with, or participating in any proceeding before the
EEOC or a State Fair Employment Practices Agency (except that you acknowledge that you may not be
able to recover any monetary benefits in connection with any such claim, charge or proceeding),
from challenging under the OWBPA the enforceability of the waiver and release of ADEA claims set
forth in this Agreement, or from pursuing claims for workers’ compensation or unemployment benefits
referenced in Paragraph No. 5 above, and this Paragraph will not apply when prohibited by law. If
you do not abide by this Paragraph, then: (i) you will return all monies received under this
Agreement and indemnify Releasees for all expenses they incur in defending the action; and
(ii) Releasees will be relieved of their obligations hereunder.

     7. You acknowledge and reaffirm your post-employment obligations under Sections 7
(non-compete) and 8 (proprietary information and developments) of the Employment Agreement.

     8. You will be afforded ten (10) calendar days after the Termination Date to submit to the
Company, to the attention of the Director, Human Resources in the manner set forth in Paragraph No.
21, any and all documentation for any expense reimbursements you claim are owed to you in
conjunction with your employment with the Company. You will be reimbursed for any reasonable
business expenses incurred and approved through the Termination Date consistent with Company
policy, subject to the submission of the properly documented business expense reports and according
to the Company’s normal expense reimbursement practices and subject to the provisions of
Attachment B.

     9. You are afforded up to twenty-one (21) calendar days from receipt of this Agreement to
consider the meaning and effect of this Agreement and general release and you acknowledge that you
have been given twenty-one (21) calendar days to consider it. You agree that any modifications,
material or otherwise, do not restart or affect in any manner the original consideration period for
the separation proposal made to you. You are advised to consult with an attorney regarding this
Agreement and you acknowledge that you have had the opportunity to do so.

     10. You agree to return to the Company by the Termination Date all Company property and
equipment in your possession or control, including but not limited to, all documents, tapes, notes,
computer files, equipment, company vehicles, physician lists, employee lists, lab notebooks, files,
computer equipment, security badges, telephone calling cards, credit cards, and other information
or materials (and all copies) which contain confidential, proprietary or non-public information of
the Company. You further agree to leave intact all electronic Company documents on the Company’s
servers or computers, including those which you developed or helped develop during your
employment.

     11. Nothing herein limits either party’s right, where applicable, to file or participate in an
investigative proceeding of any federal, state or local governmental agency, provided however, that
by signing this Agreement, you waive the right to seek or receive any money damages or other relief
of any nature whatsoever from the Company based upon any claim that might be asserted arising out
of your employment at the Company. You further affirm that you have been paid and have received all
leave (paid or unpaid), compensation, wages, bonuses, commissions, severance and/or benefits to
which you may be entitled and that no other leave (paid or unpaid), compensation, wages, bonuses,
commissions, severance and/or benefits are due to you, except as provided in this Agreement. You
furthermore affirm

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that you have no known workplace injuries or occupational diseases. You also affirm that you
have not been retaliated against for reporting any allegations of wrongdoing by the Company or its
officers, including any allegations of corporate fraud.

     12. This Agreement, which includes a general release, represents the complete agreement
between you and the Company, and fully supersedes any prior agreements or understandings between
the parties (including, without limitation, your Employment Agreement, except that your
post-employment obligations thereunder shall survive in full force and effect). You acknowledge
that you have not relied on any representations, promises, or agreements of any kind made to you in
connection with your decision to sign this Agreement, except those set forth herein.

     13. This Agreement, which shall be construed under the law of the State of North Carolina,
shall be binding upon the parties and may not be abandoned, supplemented, changed or modified in
any manner, orally or otherwise, except by an instrument in writing of concurrent or subsequent
date signed by a duly authorized representative of the parties hereto. This Agreement is binding
upon and shall inure to the benefit of the parties and their respective agents, assigns, heirs,
executors, successors and administrators. The parties hereby consent to jurisdiction in the State
of North Carolina for purposes of any litigation relating to this Agreement and agree that any
litigation by or involving them relating to this Agreement shall be conducted in the state or
federal courts of the State of North Carolina.

     14. Should any provision of this Agreement be declared or be determined by any court of
competent jurisdiction to be illegal or invalid, the validity of the remaining parts, terms, or
provisions shall not be affected thereby and said illegal and invalid part, term or provision shall
be deemed not to be a part of this Agreement. The language of all parts of this Agreement shall in
all cases be construed as a whole, according to its fair meaning, and not strictly for or against
any of the parties.

     15. You understand and agree that as a condition for payment to you of the monetary
consideration herein, you shall not make any false, disparaging or derogatory statements in public
or private to any person or media outlet regarding the Company or any of its current, past or
future directors, officers, employees, agents, or representatives or the Company’s business affairs
and financial condition, except if testifying truthfully under oath pursuant to a lawful court
order or subpoena. If you receive such a court order or subpoena, to the extent allowed by law,
you or your attorney shall provide the Company with a copy of such court order or subpoena within
two (2) business days of your receipt of it and shall notify the Company of the content of any
testimony or information to be provided and shall provide the Company with copies of all documents
to be produced.

     16. No delay or admission by the Company in exercising any right under this Agreement shall
operate as a waiver of that or any other right. A waiver or consent given by the Company on any
one occasion shall be effective only in that instance and shall not be construed as a bar or waiver
of any right on any other occasion.

     17. You further agree to provide up to an additional ten (10) days of consulting, advisory and
related services for the Company as may be reasonably requested by the Company or its employees,
representatives or agents during the period from the Termination Date through the date that is six
months after the Termination Date, including, but not limited to preparing to-do lists, answering
questions, preparing memos, and updating or completing projects. The Company shall pay you a per
diem consulting fee as a consultant for such time provided under this Paragraph No. 17(a) at an
amount equal to your 2009 base annual salary divided by 175. The Company acknowledges and agrees
that the Employee’s ability to perform this consulting at the request of the Company will be
limited if the Employee accepts part-time or full-time employment with a third party. If the
Employee is required to travel at the request of the Company after the Termination Date, the
Company agrees to pay any

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reasonable business expenses incurred in connection with such travel provided that the travel
is approved by the Company and such reimbursement shall be made consistent with Company policy,
subject to the submission of the properly documented business expense reports and according to the
Company’s normal expense reimbursement practices and subject to the provisions of Attachment
B.

     Notwithstanding anything in this Paragraph No. 17 to the contrary, the Company and the
Employee intend that the Termination Date shall be the date of the Employee’s “separation from
service” for purposes of Section 409A of the Internal Revenue Code of 1986, as amended, and
guidance issued thereunder (“Section 409A”). In accordance with such intent, the parties
agree that in no event will the consulting services required by this Paragraph 17 result in the
Employee’s performing services for the Company at a rate that exceeds 20% of Employee’s level of
bona fide services to the Company over the 36-month period preceding to the Termination Date (or
such shorter period during which the Employee has been employed by the Company), as determined in
accordance with Section 409A.

     18. You acknowledge and agree that notwithstanding the provisions of Attachment B (i)
neither the Company nor the Company’s legal counsel makes any representation or warranty if any
provisions of this Agreement or any payments made pursuant to this Agreement are, or may be
determined to constitute, “nonqualified deferred compensation” within the meaning of Section 409A
and (ii) the Company shall have no liability to you or any other person if any payments pursuant to
the provisions of this Agreement are determined to constitute nonqualified deferred compensation
subject to Section 409A and do not satisfy the requirements of Section 409A. Notwithstanding any
other provision of this Agreement, the Company has the right to and the Company intends to comply
with all withholding and reporting obligations under Section 409A. You are advised to consult with
an attorney regarding this Agreement and you acknowledge that you have had the opportunity to do
so.

     19. You may revoke this Agreement for a period of seven (7) calendar days following the day
you execute this Agreement. Any revocation within this period must be in writing and must state,
“I hereby revoke my acceptance of the Separation Letter Agreement and General Release.” The
revocation must be delivered to the following address:

Cornerstone Therapeutics Inc.

Attention: Rhonda P. Downum, Director, Human Resources

1255 Crescent Green Drive, Suite 250

Cary, North Carolina 27518

This Agreement shall not become effective or enforceable until the revocation period has expired.

     20. For the convenience of the parties, this Agreement may be executed by facsimile and in
counterparts, each of which shall be deemed to be an original, and both of which taken together,
shall constitute one agreement binding on both parties.

     21. Except as otherwise provided in this Agreement, all notices required or permitted under
this Agreement shall be in writing and shall be deemed effective upon personal delivery or upon the
day that is three (3) days after deposit in the United States Post Office, by registered or
certified mail, postage prepaid, addressed to the other party at the address shown below (or
at such other address or addresses as either party shall designate to the other in accordance with
this Paragraph No. 21):

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(a) If to the Company:

Cornerstone Therapeutics Inc.

Attention: Rhonda P. Downum, Director, Human Resources

1255 Crescent Green Drive, Suite 250

Cary, North Carolina 27518

(b) If to the Employee:

Brian Dickson

9308 Royal Crest Drive

Raleigh, NC 27617

     22. The Employee acknowledges and agrees that for a period of one (1) year after the
Termination Date, he will not, directly or indirectly, either alone or in association with others,
recruit, solicit, induce, hire or engage as an independent contractor or attempt to recruit,
solicit, induce, hire or engage as an independent contractor, any person who then is or was
employed by the Company except for an individual whose employment with the Company has been
terminated by (i) the employee for any reason other than Good Reason (as defined in the Company’s
2004 Stock Incentive Plan) for a period of six (6) months or longer, (ii) by the Company for any
reason, or (iii) by the employee for Good Reason (as defined in the Company’s 2004 Stock Incentive
Plan).

     23. You agree not to disclose to anyone, either directly or indirectly, any information
whatsoever regarding the existence, terms or contents of this Agreement, except your immediate
family, attorneys, financial advisors, accountants, and tax preparation professionals, provided
that they agree to keep such information strictly confidential, until such time as this agreement
is filed as an exhibit to the Company’s filings with the U.S. Securities and Exchange Commission.
This includes, but is not limited to, present or former employees of the Company and other members
of the public. Violation of this Paragraph shall be deemed a material breach of this Agreement.

     Cornerstone Therapeutics Inc. would like to extend its appreciation to you for your past
service, and its sincere hope for success in your future endeavors.

	 	 	 	 	 
	 	Very truly yours,

CORNERSTONE THERAPEUTICS INC.

 	 
	 	By:  	/s/ David Price
 	 
	 	 	Name:  	David Price 	 
	 	 	Title:  	Executive Vice President, Finance, and

Chief Financial Officer 	 

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ACCEPTED AND AGREED:

     You have been advised in writing that you have up to twenty-one (21) calendar days from
receipt of this Separation Letter Agreement and General Release (the “Agreement”) to consider this
Agreement. You have also been advised to consult with an attorney prior to the execution of the
Agreement.

     Having elected to execute this Agreement, to fulfill the promises set forth herein, and to
receive thereby the sums and benefits set forth in Paragraph No. 3 of the Agreement, you freely and
knowingly, and after due consideration, enter into this Agreement intending to waive, settle, and
release all claims you have or might have against Cornerstone Therapeutics Inc. You have carefully
read this Agreement and understand the contents herein.

	 	 	 	 	 
	 	 	 
	Date: October 20, 2009 	 	 	/s/ Brian Dickson
 	 
	 	 	 	Name:  Brian Dickson 
	 	 	 

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ATTACHMENT A

DESCRIPTION OF SEVERANCE BENEFITS

	1.	 	Severance Payments. The Company will pay to you the following lump sum amounts,
less lawful deductions, pursuant to the Employment Agreement: (a) $281,216 (which equals one
times your annualized base salary); and (b) $82,021.33, which equals 10/12 of the Target Cash
Bonus (as defined in your Employment Agreement) for 2009), such payments shall be made on
January 4, 2010 provided you execute and do not revoke the Separation Letter Agreement and
General Release (the “Agreement”) to which this Attachment A is attached.

	2.	 	Continuation of Benefits. The Company will pay on a monthly basis an amount equal
to:

	 	(a)	 	one hundred percent (100%) of your monthly health, dental and
vision COBRA premiums for you and your dependents, if any, if you properly
elect to continue health, dental and vision insurance under COBRA to be paid
beginning on the last day of the first payroll-cycle after the expiration of
the revocation period provided in Paragraph No. 19 of the Agreement; and

	 	(b)	 	$144.37 (which represents one hundred percent (100%) of the
cost of the monthly premiums paid by the Company for life insurance and
disability insurance for you in the month preceding the end of your employment)
to be paid on the first business day of each month after the expiration of the
revocation period provided in Paragraph No. 19 of the Agreement;

	 	 	such payments under Subsections 2(a) and 2(b) of this Attachment A to continue until
the COBRA Contribution End Date (defined for purposes of this Agreement as the date that is
the earlier of (i) twelve (12) months after the Termination Date or (ii) the last day of the
first month that you are eligible for other employer-sponsored health coverage).

3. Stock Options and Restricted Stock. You will have until three (3) months after
your Termination Date to exercise any vested stock option rights you may have; provided,
however, if any of your stock options have a full option term that expires prior to such
date, then you will have only until the last day of the full option term to exercise such
stock option. In accordance with Section 5.4(iv) of the Employment Agreement, you shall
receive accelerated vesting of your outstanding unvested stock options by one (1) year.
Provided that you execute and do not revoke the Agreement, you shall be vested in a total of
384,681 stock options.

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ATTACHMENT B

PAYMENTS SUBJECT TO SECTION 409A

Subject to the provisions in this Attachment B, any severance payments or benefits
under the Agreement shall begin only upon the date of your “separation from service” (determined as
set forth below) which occurs on or after the date of termination of your employment. The
following rules shall apply with respect to distribution of the payments and benefits, if any, to
be provided to you under the Agreement:

	1.	 	If, as of the date of your “separation from service” from the Company, you are a “specified
employee” (within the meaning of Section 409A), then:

	 	a.	 	Each installment of the severance payments and benefits due under the Agreement
that, in accordance with the dates and terms set forth herein, will in all
circumstances, regardless of when the separation from service occurs, be paid within
the Short-Term Deferral Period (as hereinafter defined) shall be treated as a
short-term deferral within the meaning of Treasury Regulation Section 1.409A-1(b)(4) to
the maximum extent permissible under Section 409A. For purposes of this Agreement, the
“Short-Term Deferral Period” means the period ending on the later of the fifteenth day
of the third month following the end of your tax year in which the separation from
service occurs and the fifteenth day of the third month following the end of the
Company’s tax year in which the separation from service occurs; and

	 	b.	 	Each installment of the severance payments and benefits due under the Agreement
that is not described in paragraph 1(a) above and that would, absent this subsection,
be paid within the six-month period following your “separation from service” from the
Company shall not be paid until the date that is six months and one day after such
separation from service (or, if earlier, your death), with any such installments that
are required to be delayed being accumulated during the six-month period and paid in a
lump sum on the date that is six months and one day following your separation from
service and any subsequent installments, if any, being paid in accordance with the
dates and terms set forth herein; provided, however, that the preceding
provisions of this sentence shall not apply to any installment of severance payments
and benefits if and to the maximum extent that that such installment is deemed to be
paid under a separation pay plan that does not provide for a deferral of compensation
by reason of the application of Treasury Regulation 1.409A-1(b)(9)(iii) (relating to
separation pay upon an involuntary separation from service) or such payments or
benefits are otherwise exempt from Section 409A. Any installments that qualify for the
exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) must be paid no later
than the last day of your second taxable year following your taxable year in which the
separation from service occurs.

	2.	 	The determination of whether and when your separation from service from the Company has
occurred shall be made and in a manner consistent with, and based on the presumptions set
forth in, Treasury Regulation Section 1.409A-1(h). Solely for purposes of this paragraph 2,
“Company” shall include all persons with whom the Company would be considered a single
employer under Section 414(b) and 414(c) of the Code.

	3.	 	All reimbursements and in-kind benefits provided under the Agreement shall be made or
provided in accordance with the requirements of Section 409A to the extent that such
reimbursements or in-kind benefits are subject to Section 409A, including, where applicable,
the requirement that (i) any reimbursement is for expenses incurred during Employee’s lifetime
(or during a shorter

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	 	 	period of time specified in this Agreement), (ii) the amount of expenses eligible for
reimbursement during a calendar year may not affect the expenses eligible for reimbursement
in any other calendar year, (iii) the reimbursement of an eligible expense will be made on
or before the last day of the calendar year following the year in which the expense is
incurred and (iv) the right to reimbursement is not subject to set off or liquidation or
exchange for any other benefit.

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