Document:

EX-10.1

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 

This Agreement is effective as of April 1, 2014, and is between Fulton Financial Corporation, a Pennsylvania corporation
(“Fulton”), and Beth Ann L. Chivinski, an adult individual (the “Executive”). 
 BACKGROUND 

Executive is currently employed with Fulton. Fulton and Executive previously entered into a change in control agreement (“Original
Agreement”), which provides for certain payments to Executive upon the occurrence of specified events leading to the termination of the Executive’s employment in connection with a change in control of Fulton. Fulton now desires to enter
into a comprehensive Employment Agreement with the Executive (this “Agreement”), replacing the Original Agreement, to address the terms and conditions of the Executive’s employment, including, but not limited to, the
consequences of an employment termination in connection with a “Change in Control” (as defined herein), and Executive desires to enter into this Agreement, based on and subject to, for both Fulton and Executive, the terms and conditions
contained in this Agreement. 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements
contained herein and intending to be legally bound hereby, the parties hereto agree as follows: 
  

	Section 1.	Capacity and Duties.  

 1.1 Employment. Fulton hereby employs the
Executive, and Executive hereby accepts employment with Fulton, for the period and upon the terms and conditions hereinafter set forth. 

1.2 Capacity and Duties. 

(a) Executive shall serve hereunder initially as Senior Executive Vice President of Fulton and Chief Audit Executive. During
the term of this Agreement, the Executive may serve in such other or additional positions as may be assigned by the Board of Directors of Fulton (the “Board”), by the Audit Committee of the Board (the “Audit Committee”) or
by the Chief Executive Officer of Fulton acting on behalf of the Board. Executive shall perform such duties and shall have such authority consistent with Executive’s position as may from time to time reasonably be specified by the Board, the
Audit Committee, or by the Chief Executive Officer acting on behalf of the Board, and shall at all times be in conformity with Fulton’s Code of Conduct and Fulton’s other policies, as the same may be amended or supplemented from time to
time. Executive shall report directly to the Audit Committee and shall perform Executive’s duties for Fulton consistent with this Section 1.2(a) principally at Fulton’s headquarters in Lancaster, Pennsylvania, or at such other locations
determined by the Board, the Audit Committee, or by the Chief Executive Officer acting on behalf of the Board, except for periodic travel that may be necessary or appropriate in connection with the performance of Executive’s duties
hereunder. The terms and conditions of this Agreement have been reviewed and approved by the committee of the Board, or its successor, responsible for 

 
executive compensation (the “Human Resources Committee”), and the Human Resources Committee shall review the Agreement on a three year cycle, or more frequently, to assess its
continuing appropriateness in light of Fulton’s then-current needs. 
 (b) Executive shall devote Executive’s full
working time, energy, skill and best efforts to the performance of Executive’s duties hereunder, in a manner that will faithfully and diligently further the business and interests of Fulton, and shall not be employed by or participate or engage
in or be a part of in any manner the management or operation of any business enterprise other than Fulton without the prior written consent of the Board, the Audit Committee, or the Chief Executive Officer or another senior executive officer of
Fulton acting on behalf of the Board, which consent may be granted or withheld in Fulton’s or any of their sole discretion. 
  

	Section 2.	Term of Employment.  

 2.1 Term. The term of the Executive’s
employment under this Agreement (the “Employment Period”) shall commence on the effective date of the Agreement first entered above (the “Effective Date”) and shall continue until the earliest of (a) the voluntary
termination of Executive’s employment by the Executive other than for Good Reason (as defined in Section 4.2), (b) the termination of the Executive’s employment by the Executive for Good Reason, (c) the termination of the Executive’s
employment by Fulton for any reason other than Cause (as defined in Section 4.3), (d) the termination of the Executive’s employment by Fulton for Cause, (e) termination of the Executive’s employment with Fulton due to the Disability (as
defined in Section 4.4), (f) the termination of Executive’s employment with Fulton due to the Executive’s retirement upon attaining age 65, or (g) the death of the Executive. 

 

	Section 3.	Compensation.  

 3.1 Basic Compensation. As compensation for
Executive’s services hereunder, Fulton shall pay to Executive a base salary at an initial annual rate equal to $300,000.00, payable in periodic installments in accordance with Fulton’s regular payroll practices in effect from time
to time. Executive’s annual base salary, as determined in accordance with this Section 3.1, is hereinafter referred to as Executive’s “Base Salary.” For years subsequent to the initial year of this Agreement,
Executive’s Base Salary shall be set by Fulton at an amount no less than the initial annual rate set herein. For each year in the Employment Period, Executive shall be a participant in any bonus or incentive compensation program for Fulton
officers, including, in particular, any annual cash bonus plan and equity-based long term incentive plan, that Fulton may implement and administer from time to time during the Employment Period, and the amount and form of such bonus and incentive
compensation shall be determined annually by Fulton consistent with Fulton’s compensation practices. References herein to the amount of the Executive’s Base Salary or annual cash bonus or cash incentive compensation shall be to the gross
amount of such compensation element, exclusive of any elective compensation deferral agreements entered into by the Executive from time to time. 

3.2 Employee Benefits. In addition to the compensation provided for in Section 3.1, Executive shall participate during the
Employment Period in those of Fulton’s broad-based employee retirement plans, welfare benefit plans, and other benefit programs for which 

  
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Executive is eligible under the terms of the plan or program, on the same terms and conditions that are applicable to employees generally. Further, Executive shall be eligible during the
Employment Period to participate in any Fulton executive-only retirement plan, deferred compensation plan, welfare benefit plan, or other benefit programs, as and to the extent any such benefit programs, plans or arrangements are or may from time to
time be in effect during the Employment Period. 
 3.3 Vacation and Leave. Executive shall be entitled to annual paid vacation,
leave of absence and leave for illness or temporary disability in conformity with Fulton’s regular policies and practices, and any leave on account of illness or temporary disability shall not constitute a breach by the Executive of
Executive’s agreements hereunder. 
 3.4 Other Executive Benefits. Executive shall also receive such other general
executive perquisites as approved from time to time by the Human Resources Committee, the Audit Committee, or by the Chief Executive Officer acting on behalf of the Board, such as company paid club memberships and employer-provided automobiles. 

3.5 Expense Reimbursement. During the term of Executive’s employment, Fulton shall reimburse Executive for all reasonable
expenses incurred by Executive in connection with the performance of Executive’s duties hereunder in accordance with its regular reimbursement policies as in effect from time to time and upon receipt of itemized vouchers therefor and such other
supporting information as Fulton may reasonably require. 
 Section 4. Termination of Employment.  

4.1 Voluntary Termination or Age 65 Retirement. In the event Executive’s employment is voluntarily terminated by the Executive
other than for Good Reason (as defined in Section 4.2) or terminates due to Executive’s retirement upon attaining age 65, Fulton shall be obligated to pay Executive’s Base Salary through the effective date of termination of
Executive’s employment, together with applicable expense reimbursements and all accrued and unpaid benefits and vested benefits in accordance with the applicable employee benefit plans. Upon making the payments described in this Section 4.1,
Fulton shall have no further compensation obligation to Executive hereunder. 
 4.2 Termination for Good
Reason: Termination Without Cause. 
 (a) In the event: 

(i) Executive’s employment is terminated during the term hereof by Executive for “Good Reason” (as defined
herein) within two (2) years of the initial existence of the Good Reason condition; or 
 (ii) Executive’s employment is
terminated during the term hereof by Fulton for any reason other than “Cause,” death or “Disability” (as each such term is defined herein); 

  
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 then Fulton shall continue to pay Executive all of the consideration provided for in the following sentence for
twelve (12) months following such termination. For purposes of the foregoing, the consideration payable under this Section 4.2 shall include the Base Salary (as in effect immediately prior to the termination) and may include an additional
cash bonus amount determined in the sole and absolute discretion of Fulton, which discretion shall be exercised by the Human Resources Committee and approved by the Board (all exclusive of any election to defer receipt of compensation the Executive
may have made). During such twelve (12) month period, the Executive shall also continue to be eligible to participate in the employee benefit plans referred to in Section 3.2 to the extent Executive remains eligible under the applicable
employee benefit plans and to the extent Executive’s eligibility is not contrary to, or does not negate, the tax favored status of the plans or of the benefits payable under the plan. If Executive is unable to continue to participate in
any employee benefit plan or program provided for under this Agreement, Executive shall be compensated in respect of such inability to participate through payment by Fulton to Executive, on an annual basis in advance, of an amount equal to the
annual cost that would have been incurred by Fulton if the Executive were able to participate in such plan or program plus an amount which, when added to the Fulton annual cost, would be sufficient after Federal, state and local income and payroll
taxes (based on the tax returns filed by the Executive most recently prior to the date of termination) to enable the Executive to net an amount equal to the Fulton annual cost. 

(b) As used herein, the Executive shall have “Good Reason” to terminate the Executive’s employment if one
of the following conditions (i) through (iii) comes into existence, the Executive provides notice to Fulton of the existence of the condition within 90 days of its initial existence, and Fulton fails to remedy the condition within 30 days of
receiving notice of its existence: 
 (i) There has occurred a material breach of Fulton’s material obligations under
this Agreement; 
 (ii) Fulton, without Executive’s prior written consent, changes or attempts to change, in any
material respect, the authority, duties, compensation, benefits or other terms or conditions of Executive’s employment in a manner that is adverse to the Executive; or 

(iii) Fulton requires Executive to be based at a location outside a thirty-five (35) mile radius of the location where
Executive previously was based, except for travel reasonably required in connection with Fulton’s business. 
 4.3 Termination for
Cause. Executive’s employment hereunder shall terminate immediately upon notice of termination for “Cause” (as defined herein), in which event Fulton shall not thereafter be obligated to make any further payments hereunder other
than amounts (including salary, expense reimbursement, etc.) accrued under this Agreement as of the date of such termination in accordance with generally accepted accounting principles. As used herein, “Cause” shall mean the
following: 

  
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 (a) Executive shall have committed an act of dishonesty constituting a felony and
resulting or intending to result directly or indirectly in gain or personal enrichment at the expense of Fulton; 
 (b)
Executive’s use of alcohol or other drugs which interferes with the performance by the Executive of Executive’s duties; 

(c) Executive shall have deliberately and intentionally refused or otherwise failed (for reasons other than incapacity due to
accident or physical or mental illness) to perform Executive’s duties to Fulton, with such refusal or failure continuing for a period of at least 30 consecutive days following the receipt by Executive of written notice from Fulton setting forth
in detail the facts upon which Fulton relies in concluding that Executive has deliberately and intentionally refused or failed to perform such duties; or 

(d) Executive’s conduct that brings public discredit on or injures the reputation of Fulton, in Fulton’s reasonable
opinion. 
 4.4 Benefits Following Death or Disability. 

(a) Following Executive’s total disability (“Disability”, as defined below) or death during the term of
this Agreement, the employment of the Executive will terminate automatically, in which event Fulton shall not thereafter be obligated to make any further payments hereunder other than amounts (including salary, expense reimbursement, etc.) accrued
under this Agreement as of the date of such termination in accordance with generally accepted accounting principles or as otherwise specifically provided herein. For purposes hereof, “Disability” shall mean that the Executive, by reason of
a medically determinable physical or medical impairment that can be expected to result in death or expected to last for a continuous period of at least twelve months, (i) is unable to engage in any substantial gainful activity or (ii) has received
income replacement benefits for a period of at least three months under an accident or health plan of Fulton. 
 (b)
Termination upon Death or Disability. 
 (i) In the event of a termination of this Agreement as a result of the
Executive’s death, the Executive’s dependents, beneficiaries and estate, as the case may be, will receive such survivor’s income and other benefits as they may be entitled under the terms of the benefit programs, plans, and
arrangements described in Section 3.2 which provide benefits upon the death of the Executive. 
 (ii) In the event of a
termination of this Agreement as a result of the Executive’s Disability, (A) Fulton shall pay the Executive an amount equal to at least six months’ Base Salary at the rate and as required by Section 3.1 and in effect immediately prior to
the date of Disability, (B) thereafter, for as long as Executive continues to be disabled, Fulton shall continue to pay an amount equal to at least 60% of Base Salary in effect immediately prior to the date of Disability until the earlier of
Executive’s death or December 31 of the calendar year in which Executive attains age 65 and (C) to the extent not duplicative of the foregoing, Executive shall receive those benefits customarily provided by Fulton to disabled former
employees, which benefits shall include, but shall not be limited to, life, medical, health, accident insurance and a survivor’s income benefit. 

  
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 (iii) For the purposes of (i) and (ii) above, the Executive or Executive’s
dependents shall pay the same percentage of the total cost of coverage under the applicable employee benefit plans as Executive was paying when Executive’s employment terminated. The total cost of the Executive’s continued coverage shall
be determined using the same rates for health, life and/or disability coverage that apply from time to time to similarly situated active employees. 

4.5 Death or Disability Following Termination of Employment. Executive’s disability or death following Executive’s
termination pursuant to Section 4.2 shall not affect Executive’s right, or if applicable, the right of Executive’s beneficiaries, to receive the payments for the balance of the period described in Section 4.2, nor will it affect the right
of Executive or Executive’s beneficiaries to receive the balance of payments due under Section 6 herein. 
 4.6 Beneficiary
Designation. Executive may, at any time, by written notice to Fulton, name one or more beneficiaries of any benefits which may become payable by Fulton pursuant to this Agreement. If Executive fails to designate a beneficiary any
benefits to be paid pursuant to this Agreement shall be paid to Executive’s estate. 
  

	Section 5.	Restrictive Covenants and Clawback.  

 5.1 Confidentiality. Executive
acknowledges a duty of confidentiality owed to Fulton and shall not, at any time during or after Executive’s employment by Fulton, retain in writing, use, divulge, furnish, or make accessible to anyone, without the express authorization of the
Board or senior management of Fulton, any trade secret, private or confidential information or knowledge of Fulton or any of their affiliates obtained or acquired by Executive while so employed. All computer software, business cards, customer
lists, price lists, contract forms, catalogs, books, records, files and know-how acquired while an employee of Fulton are acknowledged to be the property of Fulton (or the applicable affiliate) and shall not be duplicated, removed from Fulton’s
possession or made use of other than in pursuit of Fulton’s business and, upon termination of employment for any reason, Executive shall deliver to Fulton, without further demand, all copies thereof which are then in Executive’s possession
or under Executive’s control. 
 5.2 Non-Competition and Nonsolicitation. Executive shall not, during the Employment Period
and for a period of one (1) year thereafter, directly or indirectly: 
 (a) be or become an officer, director or employee or
agent of, or a consultant to or give financial or other assistance to, any person or entity considering engaging in financial services or commercial banking. For the post-termination period, the terms “financial services or commercial
banking” shall relate to the extent of those activities performed by Fulton as of the date of termination, or so engaged, anywhere within the geographic market of Fulton at the time of such termination. 

(b) seek, in competition with the business of Fulton, to procure orders from or do business with any customer of Fulton; 

  
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 (c) solicit or contact any person who is an employee of the Fulton with a view to
the engagement or employment of such person by a third party; 
 (d) seek to contract with or engage (in such a way as to
adversely affect or interfere with the business of Fulton) any person or entity who has been contracted with or engaged to provide goods or services to Fulton; or 

(e) engage in or participate in any effort or act to induce any of the customers, associates, consultants, or employees of
Fulton to take any action which might be disadvantageous to Fulton; 
 provided, however, (i) that nothing herein shall prohibit the Executive and
Executive’s affiliates from owning, as passive investors, in the aggregate not more than 5% of the outstanding publicly traded stock of any corporation so engaged, (ii) in the event the Executive’s employment is terminated by the Executive
for Good Reason or by Fulton other than for Cause, the covenants in this Section 5.2 shall not apply, and (iii) that nothing herein shall prohibit the Executive from accepting a position as an officer, director or employee or agent of, or a
consultant to or give financial or other assistance to another entity during a post-termination period where the position and the corporate office of the other bank, bank holding company or entity hiring the Executive are outside a 275 mile radius
of Fulton’s corporate office at the time of termination. 
 For the purpose of Sections 5.1 and 5.2, Fulton shall be deemed to refer to
Fulton, its successors, and all of its present or future affiliates. 
 5.3 Injunctive and Other Relief. 

(a) Executive acknowledges and agrees that the covenants contained herein are fair and reasonable in light of the consideration
paid hereunder, and that damages alone shall not be an adequate remedy for any breach by Executive of Executive’s covenants which then apply and accordingly expressly agrees that, in addition to any other remedies which Fulton may have, Fulton
shall be entitled to injunctive relief in any court of competent jurisdiction for any breach or threatened breach of any such covenants by Executive. Nothing contained herein shall prevent or delay Fulton from seeking, in any court of competent
jurisdiction, specific performance or other equitable remedies in the event of any breach or intended breach by Executive of any of its obligations hereunder. 

(b) In the event Executive breaches Executive’s obligations under Section 5.2, the period specified therein shall be
tolled during the period of any such breach and any litigation seeking remedies for such breach and shall resume upon the conclusion or termination of any such breach and any such litigation. The remedies set forth in this Section are cumulative and
in addition to any and all other remedies available to Fulton at law or in equity. 
 5.4 Clawback. Executive acknowledges that the
Executive is subject to any Clawback Policy that may be adopted by Fulton’s Board. Absent any formal Clawback Policy, the Executive agrees that the Executive shall be required to forfeit and pay back to Fulton any bonus or other incentive
compensation paid to the Executive if: (a) a court makes a final determination 

  
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that the Executive directly or indirectly engaged in fraud or misconduct that caused or partially caused the need for a material financial restatement by Fulton; or (b) the independent members of
Fulton’s Board determine that the Executive has committed a material violation of Fulton’s Code of Conduct. 
  

	Section 6.	Payments for Termination in Connection with a Change in Control.  

 6.1
Definitions. 
 (a) For purposes of this Agreement, a “Change in Control” of Fulton shall be deemed to have
occurred when: 
 (i) Any person or group of persons acting in concert, shall have acquired ownership of more than fifty
percent (50%) of the total fair market value or total voting power of the stock of Fulton; or 
 (ii) The composition of the
Board of Fulton shall have changed such that during any period of 12 consecutive months during the term of this Agreement, the majority of the Board is replaced by directors whose appointment or election is not endorsed by a majority of the members
of Fulton’s board before the appointment or election; or 
 (iii) Any person or group of persons acting in concert
acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition) ownership of 30 percent or more of the total voting power of the stock of Fulton; or 

(iv) Any person or group of persons unrelated to Fulton acting in concert acquires (or has acquired during the 12-month period
ending on the date of the most recent acquisition) ownership of a portion of Fulton’s assets that has a total gross fair market value equal to or more than 40 percent of the total gross fair market value of all of the assets of Fulton before
the acquisition or acquisitions, with the asset values determined without regard to any liabilities associated with such assets. 

(b) For purposes of Section 6.1 (a) (i) and (iii) above, a person shall be deemed to be the beneficial owner of any shares the
person is deemed to own under the stock attribution rules of the Internal Revenue Code of 1986, as amended (the “Code”) section 318(a). 

(c) A “Change in Control Period” shall mean the period commencing 90 days before a Change in Control and ending two
(2) years after such Change in Control. 
 6.2 Amount of Payments. Except as provided in Section 6.2(d) and in lieu of amounts
payable under Section 4, Fulton will pay the Executive the amounts specified in the circumstances below. 

  
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 (a) If, during the Change in Control Period, the Executive’s employment is
terminated by Fulton in the circumstances described Section 4.2(a)(ii), or the Executive resigns for Good Reason as described in Section 4.2(a)(i), Fulton will pay, or cause to be paid, to the Executive: 

(i) an amount equal to two (2) times the sum of (A) the Base Salary immediately before the Change in Control and (B) the
highest annual cash bonus or other incentive compensation awarded to the Executive over the past three years in which cash bonus or other incentive compensation was awarded (all exclusive of any election to defer receipt of compensation the
Executive may have made); and 
 (ii) an amount equal to that portion, if any, of Fulton’s contribution to the
Executive’s 401 (k), profit sharing, deferred compensation or other similar individual account plan which is not vested as of the date of termination of Executive’s employment (the “Date of Termination”) (the
“Unvested Company Contribution”), plus an amount which, when added to the Unvested Company Contribution, would be sufficient after Federal, state and local income taxes (based on the tax returns filed by the Executive most recently
prior to the Date of Termination) to enable the Executive to net an amount equal to the Unvested Company Contribution; and 

(iii) Fulton shall pay the Executive up to $10,000.00 for executive outplacement services utilized by the Executive upon the
receipt by Fulton of written receipts or other appropriate documentation; and 
 (iv) Except for the payment provided in
(iii) above, such payments shall be made in accordance with Section 7.12 of this Agreement. 
 (b) Except as provided in
Section 6.2(d), if the Executive is terminated as described in Section 6.2(a), the Executive shall continue to receive all employee benefits available to Executive pursuant to Section 3.2 of this Agreement that Executive was receiving immediately
before such termination, as provided in Section 4.2(a), and also the benefits available to Executive immediately before such termination pursuant to Section 3.4. The Executive shall continue to receive all such benefits for a period of two (2) years
after the date of a termination described in Section 6.2(a). The Executive shall pay the same percentage of the total cost of coverage under the applicable employee benefit plans as Executive was paying when Executive’s employment terminated.
The total cost of the Executive’s continued coverage shall be determined using the same rates for health, life and/or disability coverage that apply from time to time to similarly situated active employees. In addition, Fulton shall pay to the
Executive in a single lump sum as soon as practicable after Executive’s termination described in Section 6.2(a), to the extent permissible under Section 7.12, an aggregate amount equal to two (2) additional years of Fulton retirement plan
contributions under each tax qualified or nonqualified defined contribution type of retirement plan in which the Executive was a participant immediately prior to Executive’s termination or resignation and equal to the actuarial present value of
two (2) additional years of benefit accruals under each tax 

  
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qualified or nonqualified defined benefit type of retirement plan in which the Executive was a participant immediately prior to Executive’s termination or resignation, calculated in each
case as if the Executive had continued as a plan participant for the number of additional years indicated above, Executive’s annual compensation for plan purposes in the most recently completed plan year of each plan continued unchanged through
these additional years, and the retirement plans continued to operate unchanged through the additional years. The actuarial equivalence factors and assumptions generally in use under any defined benefit plan shall be applied in determining lump
sum present values of any defined benefit plan additional accruals payable hereunder. 
 (c) Upon the occurrence of a Change
in Control, the vesting and exercise rights of all stock options, shares of restricted stock, and other equity-based compensation units held by the Executive pursuant to any stock option plan, stock option agreement, restricted stock agreement, or
other long term incentive plan shall be governed by the terms of such plan or agreement, but in the event the plan or agreement is silent on the subject of change in control, all such options, shares, and units shall immediately become vested and
exercisable as to all or any part of the shares and rights covered thereby. 
 (d) The Executive is to receive no payments
under Section 6.2(a) and no benefits under Section 6.2(b) if the Executive’s employment is terminated by Fulton during a Change in Control Period for Cause. If Executive dies or becomes Disabled during the Change in Control Period, the
Executive and Executive’s dependents, beneficiaries and estate shall receive any benefits payable to them under Section 4.5. 

(e) References in this Section 6.2 to “Fulton” shall include the successors of Fulton and its affiliates, as
applicable. 
 (f) In the event the payments described in this Section 6.2, when added to all other amounts or benefits
provided to or on behalf of Executive in connection with the Executive’s termination of employment, would result in the imposition of an excise tax under Section 4999 of the Code, such payments shall be reduced to the extent necessary to avoid
such excise tax imposition. If it is determined, after any such payments are made, that any such compensation must be returned to Fulton so that the Executive does not incur obligations under Section 280G or 4999 of the Code, upon written notice to
Executive to that effect, together with calculations of Fulton’s tax advisor, Executive shall remit to Fulton the amount of the reduction plus such interest as may be necessary to avoid the imposition of such excise tax. Notwithstanding the
foregoing or any other provision of this Agreement to the contrary, if any portion of the amount herein payable to Executive is determined to be non-deductible pursuant to the regulations promulgated under Section 280G or Section 4999 of the Code,
Fulton shall be required only to pay to Executive the amount determined to be deductible under Section 280G or Section 4999 of the Code. 
  

	Section 7.	Miscellaneous.  

 7.1 Invalidity. If any provision hereof is
determined to be invalid or unenforceable by a court of competent jurisdiction, Executive shall negotiate in good faith to provide Fulton with 

  
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protection as nearly equivalent to that found to be invalid or unenforceable and if any such provision shall be so determined to be invalid or unenforceable by reason of the duration or
geographical scope of the covenants contained therein, such duration or geographical scope, or both, shall be considered to be reduced to a duration or geographical scope to the extent necessary to cure such invalidity. 

7.2 Assignment: Benefit. This Agreement shall not be assignable by Executive, and shall be assignable by Fulton only to any
affiliate or to any person or entity which may become a successor in interest (by purchase of assets or stock, or by merger, or otherwise) to Fulton in the business or a portion of the business presently operated by it. Subject to the foregoing,
this Agreement and the rights and obligations set forth herein shall inure to the benefit of, and be binding upon, the parties hereto and each of their respective permitted successors, assigns, heirs, executors and administrators, including the
restrictive covenants of this Agreement. 
 7.3 Notices. All notices hereunder shall be in writing and shall be sufficiently
given if hand-delivered, sent by documented overnight delivery service or registered or certified mail, postage prepaid, return receipt requested or by telegram, fax or telecopy (confirmed by U. S. mail), receipt acknowledged, addressed as set forth
below or to such other person and/or at such other address as may be furnished in writing by any party hereto to the other. Any such notice shall be deemed to have been given as of the date received, in the case of personal delivery, or on the
date shown on the receipt or confirmation therefor, in all other cases. Any and all service of process and any other notice in any such action, suit or proceeding shall be effective against any party if given as provided in this Agreement;
provided that nothing herein shall be deemed to affect the right of any party to serve process in any other manner permitted by law. 
  

			
	(a)	  	If to Fulton:
		
		  	    Fulton Financial Corporation
		  	    One Penn Square
		  	    Lancaster, PA 17604
		  	    Attention: General Counsel
		
	(b)	  	If to Executive:
		
		  	    Beth Ann L. Chivinski
		  	    [address redacted]

 7.4 Entire Agreement and Modification. This Agreement constitutes the entire agreement between the
parties hereto with respect to the matters contemplated herein and supersedes all prior agreements and understandings with respect thereto. Any prior agreement, if any, shall be terminated, with no further rights or obligations thereunder due
to or from either party, as of the effective date hereof. Any amendment, modification, or waiver of this Agreement shall not be effective unless in writing and agreed and executed by Fulton and the Executive. Neither the failure nor any delay
on the part of any party to exercise any right, remedy, power or privilege shall preclude any other or further exercise of the same or of any other right, remedy, power, or privilege with respect to any occurrence and such failure or delay to
exercise any right 

  
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shall not be construed as a waiver of any right, remedy, power, or privilege with respect to any other occurrence. Any references in this Agreement to “Fulton” shall also apply to its
successors and permitted assigns. 
 7.5 Governing Law. This Agreement is made pursuant to, and shall be construed and enforced
in accordance with, the laws of the Commonwealth of Pennsylvania (and United States federal law, to the extent applicable), without giving effect to otherwise applicable principles of conflicts of law. 

7.6 Headings; Counterparts. The headings of sections and subsections in this Agreement are for convenience only and shall not
affect its interpretation. This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original and all of which, when taken together, shall be deemed to constitute but one and the same Agreement. 

7.7 Further Assurances. Each of the parties hereto shall execute such further instruments and take such other actions as any other
party shall reasonably request in order to effectuate the purposes of this Agreement. 
 7.8 Attorneys’ Fees and Related
Expenses. All attorneys’ fees and related expenses incurred by Executive in connection with or relating to enforcement by Executive of Executive’s rights under this Agreement shall be paid in full by Fulton, provided Executive
prevails in connection with enforcing Executive’s rights under this Agreement. 
 7.9 Mitigation. Executive shall not be
required to mitigate the amount of any payment or benefit provided for in Sections 4 or 6 hereto by seeking employment or otherwise and Fulton shall not be entitled to set off against the amount of any payments made pursuant to Sections 4 or 6
hereto with respect to any compensation earned by Executive arising from other employment. 
 7.10 Indemnification. Except to
the extent inconsistent with applicable law and regulations, and Fulton’s certificate of incorporation or bylaws, Fulton will indemnify the Executive and hold Executive harmless to the fullest extent permitted by law and regulation with respect
to Executive’s service as an officer and employee of Fulton and its subsidiaries, which indemnification shall be provided following termination of employment for so long as the Executive may have liability with respect to Executive’s
service as an officer or employee of Fulton and its subsidiaries. The Executive will be covered by a directors’ and officers’ insurance policy with respect to Executive’s acts as an officer to the same extent as all other
officers under such policies. 
 7.11 Reserved. 

7.12 409A of Internal Revenue Code. 

(a) Application. To the extent applicable, it is intended that this Agreement comply with the provisions of Section 409A of the
Code (“Section 409A”), so as to prevent inclusion in gross income of any amounts payable or benefits provided hereunder in a taxable year that is prior to the taxable year or years in which such amounts or benefits would otherwise
actually be distributed, provided or otherwise made available to 

  
 12 

 
Executive. This Agreement shall be construed, administered, and governed in a manner consistent with this intent and the following provisions of this Section 7.12 shall control over any
contrary provisions of this Agreement. Notwithstanding the foregoing, in no event shall Fulton be responsible for reimbursing or indemnifying Executive for any violation of Section 409A. 

(b) Separation from Service. Payments and benefits that are paid under this Agreement upon Executive’s termination or
severance of employment with Fulton that constitute deferred compensation under Section 409A shall be paid or provided only at the time of a termination of Executive’s employment that constitutes a “separation from service” within the
meaning of Section 409A. 
 (c) Release Payments. In the event that Executive is required to execute a release to receive any
payments from Fulton that constitute nonqualified deferred compensation under Section 409A, payment of such amounts shall not be made or commence until the sixtieth (60th) day following such termination of employment. Any payments that are suspended
during the sixty (60) day period shall be paid on the date the first regular payroll is made immediately following the end of such period. 

(d) Separate Payments. For purposes of Section 409A, each payment under this Agreement shall be treated as a right to a
separate payment and not part of a series of payments 
 (e) Reimbursements. All reimbursements and in-kind benefits provided
under this Agreement shall be made or provided in accordance with the requirements of Section 409A, including, where applicable, the requirement that (i) any reimbursement is for expenses incurred during Executive’s lifetime (or during a
shorter period of time specified in this Agreement), (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided during a calendar year may not affect the expenses eligible for reimbursement or in-kind benefits to be
provided in any other calendar year; (iii) the reimbursement of an eligible expense normally will be made within thirty (30) days of Executive’s submission of the appropriate forms and documentation in accordance with Company policy, but in no
event later than 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 or in kind benefits is not subject to liquidation or exchange for another benefit. 

7.13 Funding of Grantor Trust Upon Change in Control. Fulton shall establish and maintain with an unaffiliated trustee an irrevocable
grantor trust (the “Trust”), the assets of which shall at all times be subject to the claims of Fulton’s creditors in the event of Fulton’s insolvency. Upon the occurrence of a Change in Control, Fulton shall deposit with the
trustee of the Trust, to be credited to an account established under the Trust in the name of and for the benefit of the Executive, assets sufficient in value to satisfy fully the obligations of Fulton to the Executive under this Agreement that
would arise in the event that subsequent to the Change in Control, and during the period the Executive continues to be covered by the severance benefit protections of this Agreement, the Executive is terminated by Fulton without Cause or the
Executive terminates the Executive’s own employment for Good Reason. The contingent obligations to be funded under the Trust shall include, in particular, those specified in Section 6 

  
 13 

 
hereof. In the event the Executive’s entitlement to benefits under the Agreement expires or the amounts funded are in excess of the amount needed to fully satisfy the claims under the
Agreement of the Executive, any excess amounts in the Executive’s account under the Trust shall revert to Fulton.
 [Signatures on
the following page.] 

  
 14 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first
above written. 
  

									
	FULTON FINANCIAL CORPORATION	 		 	EXECUTIVE
				
	By:	 	 /s/ E. Philip Wenger
	 		 	 /s/ Beth Ann L. Chivinski

		 	Name:	 	E. Philip Wenger	 		 	Beth Ann L. Chivinski
		 	Title:	 	 Chairman, Chief Executive

Officer and President
	 		 	

  
 15EX-10.1

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 
 This
EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of this 14th day of March, 2016 (the “Effective Date”), by and between Sagent Pharmaceuticals, Inc., a Delaware corporation (the “Employer” or the
“Company”), and J. Frank Harmon, an individual (the “Executive”). 
 WHEREAS, Company desires to employ Executive and to
set forth certain terms and conditions of Executive’s employment, and Executive desires to be employed by Company on the terms and conditions set forth in this Agreement; and 

WHEREAS, during the course of employment, Executive will learn confidential information regarding Company’s customers and/or Strategic
Partners, and/or will establish, maintain, and improve knowledge of or relationships or goodwill with Company’s customers, Strategic Partners, and/or will learn Company’s Trade Secrets or Confidential Information (as such terms are defined
below); and 
 WHEREAS, Company’s Confidential Information, Trade Secrets, customer relationships, and strategic partnerships have been
developed by Company at considerable expense over a number of years; and 
 WHEREAS, but for Executive’s employment at Company,
Executive would not know the Trade Secrets and Confidential Information, and Executive would not be able to create, improve, and maintain relationships with Company’s customers, Strategic Partners; and 

WHEREAS, Company’s customer relationships, strategic partnerships, Trade Secrets, and Confidential Information are of considerable
economic value to Company; and 
 WHEREAS, Company would not employ Executive if Executive did not accept the terms outlined herein; and

 WHEREAS, EXECUTIVE HAS REVIEWED THE MATTERS RECITED IN THE PARAGRAPHS ABOVE AND CONFIRMS THAT S/HE AGREES WITH THOSE RECITALS. 

NOW, THEREFORE, in consideration of the foregoing recitals and of the promises and covenants set forth herein, and in exchange for a one-time
payment of one thousand dollars ($1,000.00), which shall be paid upon execution of this Agreement; Executive’s access to Company’s customer relationships, strategic partnerships, good will, Confidential Information, or Trade Secrets;
Executive’s employment with Company; Executive’s training; Executive’s receipt of valuable information as a result of Executive’s employment with Company; and for other good and valuable consideration, the sufficiency of which
are hereby acknowledged, the Parties agree as follows: 

  
 1 

 1. Employment Agreement. On the terms and conditions set forth in this Agreement, the
Employer agrees to employ the Executive and the Executive agrees to be employed by the Employer for the Employment Period set forth in Section 2 and in the positions and with the duties set forth in Section 3. 

2. Term. The initial term of employment under this Agreement shall be for a three (3) year period commencing on the Effective Date
(the “Initial Term”). The term of employment shall be automatically extended for an additional consecutive 12-month period (the “Extended Term”) on the third anniversary of the Effective Date and each subsequent anniversary
thereof, unless and until the Employer or Executive provides written notice to the other party in accordance with the Notice provisions provided for below, not less than sixty (60) days before such anniversary date that such party is electing
not to extend the term of employment under this Agreement (“Non-Renewal”), in which case the term of employment shall end as of the end of such Initial Term or Extended Term, unless terminated earlier in accordance with the terms below.
Such Initial Term and all such Extended Terms are collectively referred to herein as the “Employment Period.” Anything herein to the contrary notwithstanding, if on the date of a Change in Control the remaining term of the Employment
Period is less than 24 months, the Employment Period shall be automatically extended to the end of the 24-month period following such Change in Control, as that term is defined in Section 10 of this Agreement. 

3. Position and Duties. During the Employment Period, the Executive shall serve as Executive Vice President, Global Operations. In such
capacity, the Executive shall report to the Chief Executive Officer and shall have the duties, responsibilities and authorities customarily associated with such position(s) in a company the size and nature of the Employer. The Executive shall devote
the Executive’s reasonable best efforts and full business time to the performance of the Executive’s duties hereunder and the advancement of the business and affairs of the Employer. 

4. Other Employment. Executive may not be an employee, consultant, director or other agent of any other person, firm or corporation
without the prior written approval of the Chief Executive Officer of the Company. 
 5. Place of Performance. During the Employment
Period, the Executive shall be based primarily at the Employer’s headquarters in Schaumburg, Illinois, except for reasonable travel on the Employer’s business consistent with the Executive’s position. 

6. Compensation and Benefits; Options. 

(a) Base Salary. During the Employment Period, the Employer shall pay to the Executive a base salary (the “Base Salary”) at
the rate of $325,000 per calendar year, less applicable deductions, and prorated for any partial year. The Base Salary shall be reviewed by the Employer annually and shall be modified in the discretion of the Employer and any such adjusted Base
Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the Employer’s regular payroll procedures. 

  
 2 

 (b) Annual Bonus. For each calendar year ending during the Employment Period, the
Executive shall be eligible to be considered for an annual cash performance bonus (an “Annual Bonus”). The performance criteria for any particular calendar year shall be determined in good faith by the Company, after consultation with the
Employer’s Chief Executive Officer. The Executive is eligible for an annual bonus of up to 40% of the Executive’s Base Salary (the “Target Bonus”). The Executive’s Annual Bonus shall be determined by the Company in
accordance with this Section 6(b). To the extent earned, Executive’s Annual Bonus shall be paid to the Executive when annual bonuses for that year are paid to other senior executives of the Employer generally, but in no event later than
March 15 of the year following the year to which such Annual Bonus relates. In carrying out its functions under this Section 6(b), the Company shall at all times act uniformly, reasonably and in good faith. 

(c) Initial Equity Grant; Annual Equity Grant. The Executive shall receive a sign-on equity award (the “Initial
Grant”) with a grant date fair value of $240,000, 50% of which will be granted in the form of stock options (such options, the “Options”) and 50% in the form of restricted stock units; provided that such award will be
subject to forfeiture in the event the Executive does not commence employment with the Employer on the Effective Date for any reason whatsoever. The Options will have a per share exercise price equal to the fair market value of a share of common
stock on the date of grant. Following the Initial Grant, the Executive will be eligible to receive annual grants of equity-based awards on the same basis and terms and conditions as other senior executives. It is anticipated that any such awards
will be comprised of 50% options and 50% restricted stock units. The Executive’s entitlement to any equity grants remains subject to approval by the Compensation Committee of the Board, in its sole discretion. All equity grants will vest
ratably over the four year period commencing with the date of grant. 
 (d) Vacation; Benefits. During the Employment Period, the
Executive shall be entitled to vacation in accordance with the Employer’s policies then in effect. In addition, the Employer shall provide to the Executive employee benefits and perquisites on a basis that is comparable in all material respects
to that provided to other executives of the Employer. Subject to the terms of this Agreement, the Employer shall have the right to change insurance carriers and to adopt, amend, terminate or modify employee benefit plans and arrangements at any time
and without the consent of the Executive. 
 (e) Relocation. The Executive will relocate to Chicago, Illinois (or the surrounding
suburbs) (“Chicago”) prior to the Employment Period. Accordingly, within 30 days following the Effective Date, the Company shall pay the Executive the amount of $85,000 to be used at the Executive’s discretion towards all relocation
expenses. 
 7. Expenses. The Executive is authorized to incur reasonable, ordinary and necessary expenses in the performance of
Executive’s duties hereunder. The Employer will promptly reimburse the Executive for all expenses reasonably, necessarily and actually incurred, as determined by the Company, in accordance with policies which may be adopted from time to time by
the Company. To receive reimbursement, the Executive shall present to the Company an itemized account, including reasonable substantiation, of such expenses. 

  
 3 

 8. Confidentiality, Non-Disclosure, Non-Competition Agreement and Duty of Loyalty. 

(a) When used in this Agreement the following terms have the definition set forth below: 

(i) “Competing Product” means any product, creative solution, or service which is sold or provided in competition with a
product, creative solution, or service: that Executive sold or provided on behalf of Company at some time during the twelve (12) months immediately preceding the point when Executive is no longer employed by Company, or by any parent,
subsidiary, or related entity of Company (such point being the “Termination of Executive’s Employment”); that one or more Company employees or business units managed, supervised, or directed by Executive sold or provided on
behalf of Company at some time during the twelve (12) months immediately preceding the Termination of Executive’s Employment; that was designed, developed, tested, distributed, marketed, provided, or produced by Executive (individually or
in collaboration with other Company employees) or one or more Company employees or business units managed, supervised, or directed by Executive at some time during the twelve (12) months immediately preceding the Termination of Executive’s
Employment; or that was designed, tested, developed, distributed, marketed, produced, sold, or provided by Company with management or executive support from Executive at some time during the twelve (12) months immediately preceding the
Termination of Executive’s Employment. 
 (ii) “Confidential Information” means information (to the extent it is not
a Trade Secret), whether oral, written, recorded magnetically or electronically, or otherwise stored, and whether originated by Executive or otherwise coming into the possession or knowledge of Executive, which is possessed by or developed for
Company, and which relates to Company’s existing or potential business, which information is not reasonably ascertainable by Company’s competitors or by the general public through lawful means, and which information Company treats as
confidential, including but not limited to information regarding Company’s business affairs, plans, strategies, products, creative solutions, designs, finances, computer programs, research, customers, purchasing, marketing, and other
information. 
 (iii) “Restricted Customer” means a customer of Company to which Executive, or one or more individuals or
Company business units supervised, managed, or directed by Executive, sold or provided products, creative solutions, or services on behalf of Company during the twelve (12) month period immediately preceding the Termination of Executive’s
Employment. However, the term Restricted Customer shall not apply to any persons or entities listed on Attachment A hereto, which are those persons or entities with which Executive represents that Executive has a professional
relationship pre-existing Executive’s employment with Company. 
 (iv) “Strategic Partner” means any entity or person
that supplies to the Company goods or services related to the Company’s products, or manufactures for the Company goods related to the Company’s products, or manufactures the Company’s products, or Group Purchasing Organizations
(GPOs), with which Executive, or one or more individuals or 

  
 4 

 
Company business units supervised, managed, or directed by Executive, did business on behalf of Company during the twelve (12) month period immediately preceding the Termination of
Executive’s Employment. However, the term Strategic Partner shall not apply to any persons or entities listed on Attachment A hereto, which are those persons or entities with which Executive represents that Executive has a
professional relationship pre-existing Executive’s employment with Company. 
 (v) “Services” means sales, financial,
supervisory, management, engineering, scientific, and other services of the type performed for Company by Executive or one or more Company employees managed, supervised, or directed by Executive during the final twelve (12) months preceding the
Termination of Executive’s Employment, but shall not include clerical, menial, or manual labor. 
 (vi) “Strategic
Customer” means a customer of Company that purchased a product, creative solution, or service from Company during the twelve (12) month period immediately preceding the Termination of Executive’s Employment, but is limited to
individuals and entities concerning which Executive learned, created, or reviewed Confidential Information or Trade Secrets on behalf of Company during the twelve (12) month period immediately preceding the Termination of Executive’s
Employment. However, the term Strategic Customer shall not apply to any persons or entities listed on Attachment A hereto, which are those persons or entities with which Executive represents that s/he has a professional relationship
pre-existing Executive’s employment with Company. 
 (vii) “Third Party Confidential Information” means information
received by Company from others that Company has an obligation to treat as confidential. 
 (viii) “Trade Secret” means a
Trade Secret as that term is defined under the Uniform Trade Secrets Act, as amended or judicially construed from time to time. 
 (ix)
“Territory” means a county within the United States of America, the District of Columbia, a territory of the United States of America, and/or a foreign nation. 

(x) “Key Employee” means any person who at the Termination of Executive’s Employment is employed or engaged by Company
and with whom Executive has had material contact in the course of employment during the twelve (12) months immediately preceding the Termination of Executive’s Employment, and (i) is a manager, officer, or director of Company and/or
(ii) is in possession of Confidential Information and/or Trade Secrets of Company and/or (iii) is directly managed by or reports to Executive as of the end of Executive’s employment with Company. 

(xi) “Restricted Territory” means: Territories (as the term “Territory” is defined below) in which
Executive or one or more Company employees or business units managed, assisted or directed by Executive provided products, creative solutions, or services on behalf of Company during the twelve (12) month period immediately preceding the
Termination of Executive’s Employment; Territories in which one or more Company employees or business 

  
 5 

 
units managed or directed by Executive sold or solicited the sale of products, creative solutions, or services on behalf of Company during the twelve (12) month period immediately preceding
the Termination of Executive’s Employment; Territories in which Executive or one or more Company employees or business units managed or directed by Executive or receiving management or executive support from Executive provided, sold, or
solicited the sale of products, creative solutions, or services on behalf of Company during the twelve (12) month period immediately preceding the Termination of Executive’s Employment; and Territories in which Company sold or provided
products, creative solutions, or services designed, developed, tested, or produced by Executive (either individually or in collaboration with other Company employees) or by Company employees or business units working under Executive’s
direction, management, or control during the twelve (12) month period immediately preceding the Termination of Executive’s Employment. Notwithstanding the foregoing, the term Restricted Territory is limited to Territories in which Company
sold or provided in excess of one hundred thousand dollars (US$100,000) in the aggregate worth of products, creative solutions, or services in the twelve (12) month period immediately preceding the Termination of Executive’s Employment.

 (b) Nondisclosure of Third Party Confidential Information. During Executive’s employment with Company and after Termination
of Executive’s Employment, Executive shall not use or disclose Third Party Confidential Information for as long as the relevant third party has required Company to maintain its confidentiality, or for so long as required by applicable law,
whichever period is longer. This prohibition does not prohibit Executive’s use of general skills and know-how acquired during and prior to employment by Company, as long as such use does not involve the use or disclosure of Third Party
Confidential Information. This prohibition also does not prohibit the description by Executive of Executive’s employment history and duties, for work search or other purposes, as long as such use does not involve the use or disclosure of Third
Party Confidential Information. 
 (c) Non-disclosure of Trade Secrets. During employment and after Termination of Executive’s
Employment, Executive shall not use or disclose Company’s Trade Secrets so long as they remain Trade Secrets. Nothing in this Agreement shall limit either Executive’s statutory and other duties not to use or disclose Company’s Trade
Secrets, or Company’s remedies in the event Executive uses or discloses Company’s Trade Secrets. 
 (d) Obligations Not to
Disclose or Use Confidential Information. Except as set forth herein or as expressly authorized in writing on behalf of Company, Executive agrees that while Executive is employed by Company and during the two (2) year period commencing at
the Termination of Executive’s Employment, Executive will not use or disclose (except in discharging Executive’s job duties with Company) any Confidential Information, whether such Confidential Information is in Executive’s memory or
it is set forth electronically, in writing or other form. This prohibition does not prohibit Executive’s disclosure of information after it ceases to meet the definition of “Confidential Information,” or Executive’s use of
general skills and know-how acquired during and prior to employment by Company, so long as such use does not involve the use or disclosure of Confidential Information; nor does this prohibition restrict Executive from providing prospective employers
with an employment history or description of 

  
 6 

 
Executive’s duties with Company, so long as Executive does not use or disclose Confidential Information. Notwithstanding the foregoing, if Executive learns information in the course of
employment with Company which is subject to a law governing confidentiality or non-disclosure, Executive shall keep such information confidential for so long as required by law, or for two (2) years, whichever period is longer. However, this
Paragraph shall not preclude employees within the meaning of the National Labor Relations Act from exercising Section 7 rights they might have to communicate about working conditions. 

(e) Return of Property; No Copying or Transfer of Documents. All equipment, books, records, papers, notes, catalogs, compilations of
information, data bases, correspondence, recordings, stored data (including data or files that exist on any personal computer or other electronic storage device), software, and any physical items, including copies and duplicates, that Executive
generates or develops or which come into Executive’s possession or control, which relate directly or indirectly to, or are a part of Company’s (or its customers’) business matters, whether of a public nature or not, shall be and
remain the property of Company, and Executive shall deliver all such materials and items, and any and all copies of them, to Company upon termination of employment. During employment or after Termination of Executive’s Employment, Executive
will not copy, duplicate, or otherwise reproduce, or permit copying, duplicating, or reproduction of Company documents or writings, whether stored on paper, magnetic tape, CD, electronically, or otherwise, including but not limited to notes,
notebooks, letters, blueprints, manuals, drawings, sketches, specifications, formulas, financial documents, business plans, and the like, or any other documentation owned or originated by Company and relating to Company’s business which, from
time to time, may have come into Executive’s possession, custody, or control as a result of, or in the course of, Executive’s employment with Company, without the express written consent of Company, or, as a part of Executive’s duties
performed hereunder for the benefit of Company. Executive expressly covenants and warrants, upon termination of employment for any reason (or no reason), that Executive shall promptly deliver to Company any and all originals and copies in
Executive’s possession, custody, or control of any and all said property, documents, or writings, and that Executive shall not make, retain, or transfer to any third party any copies thereof. In the event any Confidential Information or Trade
Secrets are stored or otherwise kept in or on a computer hard drive or other storage device owned by or otherwise in the possession or control of Executive (each individually an “Executive Storage Device”), upon termination of employment
Executive will present every such Executive Storage Device to Company, and certify that all Executive Storage Device(s) have been provided, for inspection and removal of all information regarding Company (including but not limited to Confidential
Information or Trade Secrets) that is stored on Executive Storage Device. 
 (f) Duty of Loyalty. During Executive’s employment
with Company, Executive shall owe such Company an undivided duty of loyalty, and shall take no action adverse to that duty of loyalty. Executive’s duty of loyalty to Company includes but is not limited to a duty to promptly disclose to Company
any information that might cause Company to take or refrain from taking any action, or which otherwise might cause Company to alter its behavior. Without limiting the generality of the foregoing, Executive shall promptly notify Company at any time
that Executive decides to terminate employment with Company or enter 

  
 7 

 
into competition with Company, as Company may decide at such time to limit, suspend, or terminate Executive’s employment or access to one or more of Company’s Confidential Information,
Trade Secrets, or customer relationships. 
 (g) Limited Restriction on Misuse of Goodwill Related To a Restricted Customer. For one
(1) year following the Termination of Executive’s Employment, for whatever reason, Executive shall not sell or solicit the sale of a Competing Product to a Restricted Customer. 

(h) Limited Restriction on Assisting Misuse of Goodwill Related To a Restricted Customer. For one (1) year following the
Termination of Executive’s Employment, for whatever reason, Executive shall not perform Services as part of or in support of providing, selling, or soliciting the sale of a Competing Product to a Restricted Customer. 

(i) Limited Restriction on Misuse of Information Related To a Strategic Customer. For one (1) year following Termination of
Executive’s Employment, for whatever reason, Executive shall not sell or solicit the sale of a Competing Product to a Strategic Customer. 

(j) Limited Restriction on Assisting Misuse of Information Related To a Strategic Customer. For one (1) year following Termination
of Executive’s Employment, for whatever reason, Executive shall not perform Services as part of or in support of providing, selling or soliciting the sale of a Competing Product to a Strategic Customer. 

(k) Limited Restriction on Misuse of Goodwill Related To a Strategic Partner. For one (1) year following the Termination of
Executive’s Employment, for whatever reason, Executive shall not solicit the supply of goods or services to manufacture a Competing Product or the manufacturing of a Competing Product from a Strategic Partner. 

(l) Limited Restriction on Assisting Misuse of Goodwill Related To a Strategic Partner. For one (1) year following the Termination
of Executive’s Employment, for whatever reason, Executive shall not perform Services as part of or in support of soliciting the supply of goods or services to manufacture a Competing Product or the manufacturing of a Competing Product from a
Strategic Partner. 
 (m) Limited Territorial Restriction. For one (1) year following Termination of Executive’s
Employment, for whatever reason, Executive shall not perform Services as part of or in support of the business of selling, soliciting the sale of, or providing Competing Products in the Restricted Territory. 

(n) Non-solicitation of Key Employees. For one (1) year following the Termination of Executive’s Employment, for whatever
reason, Executive shall not, without the prior written consent of Company, solicit a Key Employee to engage in competition with Company, unless such Key Employee has already ceased employment with Company. This shall not bar any employee of Company
from applying for or accepting employment with any person or entity. 

  
 8 

 (o) Ownership of Creations. All records, documents, papers, inventions and notebooks,
drawings, designs, technical information, source code, object code, processes, methods or other copyrightable or otherwise protected works (“IP Assets”), in whatever media, that Executive has conceived, created, made, invented, or
discovered relating to any work Executive performs or has performed or on behalf of Company or that arise from the use of, or assistance of, any of its or their premises, facilities, materials, employees, officers, directors, agents, advisors, or
representatives, or any of their Confidential Information (whether or not during usual working hours), whether conceived, created, discovered, made, or invented individually or jointly with others, will, together with all the worldwide patent,
copyright, trade secret, or other intellectual property rights in all such works, be and remain the absolute property of Company. Executive irrevocably and unconditionally waives all rights that may otherwise vest in his authorship (or after the
date of this Agreement) in connection with his authorship of any such copyrightable works, wherever in the world enforceable. Without limitation, Executive waives the right to be identified as the author of any such works and the right not to have
any such works subjected to derogatory treatment. Executive recognizes any such works are “works for hire” of which Company is the author. 

(p) Disclosure of Creations. Executive will promptly disclose, grant and assign ownership to Company as directed by Company, for its
sole use and benefit, any and all ideas, processes, inventions, discoveries, improvements, technical information, and copyrightable works (whether patentable or not) that Executive has developed, acquired, conceived or reduced to practice (whether
or not during usual working hours) while employed by Company to which Company has any right or interest. In connection therewith: (i) Executive will, without charge but at Company’s expense, promptly execute and deliver such applications,
assignments, descriptions and other instruments as Company may reasonably consider necessary or proper to vest title to any such inventions, discoveries, improvements, technical information, patent applications, patents, copyrightable work or
reissues thereof in Company and to enable it to obtain and maintain the entire worldwide right and title thereto; and (ii) Executive will provide to Company at Company’s expense all such assistance as Company may reasonably require in the
prosecution of applications for such patents, copyrights or reissues thereof, in the prosecution or defense of interferences that may be declared involving any such applications, patents or copyrights and in any litigation in which Company may be
involved relating to any such patents, inventions, discoveries, improvements, technical information or copyrightable works or reissues thereof. 

(q) Personal Creations. Notwithstanding the foregoing, Sections 8(m) and 8(n) shall not apply to any IP Asset for which no equipment,
supplies, premises, facility, Confidential Information, employee, officer, director, agent, advisor or representative of Company (including any of its predecessors or successors) was used and that was developed entirely on Executive’s own time,
unless (a) the IP Asset relates (i) directly to the business of Company, to which Company has a right or interest, or (ii) to any actual or anticipated research or development of Company, to which Company has a right or interest, or
(b) the IP Asset results from any work Executive performed as an employee of Company. 

  
 9 

 (r) Publicity. During Executive’s employment with Company, Executive hereby grants to
Company the right to use, in a reasonable and appropriate manner, Executive’s name and likeness, without additional consideration, on, in and in connection with technical, marketing or disclosure materials, or any combination thereof, published
by or for Company. 
 (s) Enforcement. Executive acknowledges that in the event of any breach of this Section 8, the business
interests of Company will be irreparably injured, the full extent of the damages to Company will be impossible to ascertain, monetary damages will not be an adequate remedy for Company, and Company will be entitled to enforce this Agreement by a
temporary, preliminary and/or permanent injunction or other equitable relief, without the necessity of posting bond or security, which Executive expressly waives. Executive understands that Company may waive some of the requirements expressed in
this Agreement, but that such a waiver to be effective must be made in writing and should not in any way be deemed a waiver of Company’s right to enforce any other requirements or provisions of this Agreement. Executive agrees that each of
Executive’s obligations specified in this Agreement is a separate and independent covenant and that the unenforceability of any of them shall not preclude the enforcement of any other covenants in this Agreement. Executive further agrees that
any breach of this Agreement by Company prior to the Date of Termination shall not release Executive from compliance with Executive’s obligations under this Section 8. Notwithstanding the foregoing sentence, neither party shall be
precluded from pursuing judicial remedies as a result of any such breaches 
 9. Termination of Employment. This Agreement may be
terminated upon occurrence of any one of the following events: 
 (a) Voluntary. The Executive may terminate this Agreement at any
time during the term of this Agreement by giving sixty (60) days written notice of termination to the Employer. In the event of the termination of this Agreement by the Executive, the Executive shall not receive any severance pay. In the event
of termination of this Agreement by the Executive, the Employer shall have the right to immediately remove Executive from Executive’s position. In either case, the Executive shall receive his compensation through the sixty (60) day notice
period. By agreement of the Executive and the Company, the Company may continue to employ the Executive for a period longer than sixty (60) days after the Executive gives notice of Executive’s voluntary resignation. Such an agreement much
be in writing and executed by both parties. 
 (b) Involuntary With Cause. The Company may, upon written notice effective
immediately, terminate this Agreement With Cause at any time during the term of this Agreement if any one of the following conditions outlined below exist. For purposes of this Agreement, the conditions outlined below constitute “Cause”

  
 10 

 (i) If the Executive becomes Disabled. For purposes of this Agreement, “Disabled”
shall mean the inability to perform essential job functions with or without a reasonable accommodation for a period of 90 days or more; 

(ii) If the Executive (for reasons other than illness or injury) is absent from Executives duties without the consent of the Company for more
than three (3) consecutive days; 
 (iii) If the Executive dies (effective on the date of death); 

(iv) If the Executive should be convicted of a crime punishable by imprisonment; 

(v) If the Executive should willfully breach or habitually neglect the duties required to perform under this Agreement; 

(vi) If the Executive has committed, undertaken or otherwise been involved in dishonest conduct in relation to the Company (and
“dishonest conduct” is deemed to include, but is not limited to, the theft, embezzlement or other misappropriation of all or any material or significant part of the funds, assets or property (tangible or intangible) of the Company); 

(vii) If the Executive violates any Company policy or fails to meet the legitimate expectations of the Company and Executive has been given
thirty (30) days written notice of the violation and has failed to cure; 
 (viii) If the Executive has violated or breached the terms
and conditions of this Agreement; 
 (ix) If the Executive has plead guilty or “no contest” to, or is convicted by a court of a
crime involving theft, fraud or embezzlement or a crime that constitutes a felony or is proceeded with as an indictable offence; 
 (x) If
the Executive has knowingly caused the Company to commit a material violation of any applicable law that has (or is likely to have) a material adverse effect on the Company and Executive has been given thirty (30) days written notice of the
violation and has failed to cure; 
 (xi) If the Executive engages in anything that reflects poorly on the Company, as determined by the
Company and Executive has been given thirty (30) days written notice of the violation and has failed to cure; 
 (xii) If the
Executive has disregarded a reasonable directive from the Company. Whether the Executive has disregarded a reasonable directive will be determined by the Company. 

  
 11 

 In the event Executive is terminated pursuant to this paragraph, Executive will not be offered any severance
payments and Executive’s compensation will cease immediately. 
 (c) Involuntary Without Cause. The Company, in its sole
discretion, may terminate this Agreement without “Cause,” as that term is defined above, at any time during the term of this Agreement upon written notice, at which time Executive’s compensation shall cease immediately. In the event
Company terminates this Agreement Without Cause, Company will offer Executive 12 months’ severance, to be paid at regular on pay dates and contingent on Executive abiding by the terms of this Agreement. To receive severance, Executive must
execute a general separation and release agreement that would include a release by Executive of any claims against the Company and all “Release Parties” as defined in the release. In the event Company terminates this Agreement Without
Cause, Executive shall be entitled to a pro-rata share of Executive’s Annual Bonus. 
 (d) Change in Control. This Section shall
apply if, in the two-year period following a Change in Control, as that term is defined below, the Executive’s employment with the Company is terminated either: (i) by the Company, “Without Cause,” as that term is defined above;
or by the Executive for “Good Reason,” as that term is defined below. 
 For the purposes of this Agreement, “Good
Reason” means Executive’s resignation within thirty (30) days following the expiration of any Company cure period (discussed below) following the occurrence of one (1) or more of the following, without Executive’s express
written consent: (i) a material adverse change of Executive’s title, authority, duties, position or responsibilities, or the removal of Executive from such position and responsibilities, either of which results in a material diminution of
Executive’s authority, duties or responsibilities (other than temporarily while Executive is physically or mentally incapacitated or as required by applicable law); (ii) a material reduction in Executive’s Base Salary; or (iii) a
material reduction in Executive’s Target Bonus percentage or (iv) a material change in the geographic location of Executive’s primary work facility or location; provided, however, that a relocation of less than fifty (50) miles
from Executive’s then-present location will not be considered a material change in geographic location. Executive will not resign for Good Reason without first providing the Company with written notice of the acts or omissions constituting the
grounds for “Good Reason” within sixty (60) days of the initial existence of the grounds for “Good Reason” and a reasonable cure period of not less than thirty (30) days following the date the Company receives such
notice during which such condition must not have been cured. If any such termination occurs, (A) the Executive shall receive benefits set forth in Section 9(c) in addition to, (B) all outstanding equity-related awards held by the
Executive shall immediately vest and all options, stock appreciation rights or similar awards shall remain exercisable for the full original term of the award. 

For purposes of this Agreement “Change in Control” means the occurrence of one or more of the following events: (i) any
“person” (as such terms is used in Sections 3(a)(9) and 13(d) of the Securities Exchange Act of 1934 as amended (the “Act”)) or “group” (as such term is used in Section 14(d)(d) of the Act) is or becomes a
“beneficial owner” (as such term is used in Rule 13d-3 promulgated under the Act) of more than 30% of the Voting Stock of the 

  
 12 

 
Employer (excluding acquisitions pursuant to a Business Combination (as defined below) that is not considered to be a Change in Control under clause (v) below; (ii) the majority of the
Board consists of individuals other than Incumbent Directors, which term means the members of the Board on the Effective Date; provided that any person becoming a director subsequent to such date whose election or nomination for election was
supported by two-thirds of the directors who then comprised the Incumbent Directors shall be considered to be an Incumbent Director (excluding any person who received such support in connection with the settlement of a proxy contest); (iii) the
Employer adopts any plan of liquidation providing for the distribution of all or substantially all of its assets; (iv) the Employer transfers all or substantially all of its assets or business (unless the shareholders of the Employer
immediately prior to such transaction beneficially own, directly or indirectly, in substantially the same proportion as they owned the Voting Stock of the Employer, all of the Voting Stock or other ownership interests of the entity or entities, if
any, that succeed to the business of the Employer); or (v) any merger, reorganization, consolidation or similar transaction (a “Business Combination”) unless, immediately after consummation of such Business Combination, (A) the
shareholders of the Employer immediately prior to the Business Combination hold, directly or indirectly, more than 50% of the Voting Stock of the Employer or the Employer’s ultimate parent company if the Employer is a subsidiary of another
corporation, and (B) no person or group beneficially owns more than 50% of the Voting Stock of the Employer or the ultimate parent company of the Employer if the Employer is a subsidiary of partner corporation. For purposes of this Change in
Control definition, the “Employer” shall include any entity that succeeds to all or substantially all of the business of the Employer and “Voting Stock” shall mean securities of any class or classes having general voting power
under ordinary circumstances, in the absence of contingencies, to elect the directors of a corporation. 
 10. Indemnification.
During the Employment Period and thereafter, the Employer agrees to indemnify and hold the Executive and the Executive’s heirs and representatives harmless, to the maximum extent permitted by law, against any and all damages, costs,
liabilities, losses and expenses (including reasonable attorneys’ fees) as a result of any claim or proceeding (whether civil, criminal, administrative or investigative), or any threatened claim or proceeding (whether civil, criminal,
administrative or investigative), against the Executive that arises out of or relates to the Executive’s service as an officer, director or employee, as the case may be, of the Employer, or the Executive’s service in any such capacity or
similar capacity with an affiliate of the Employer or other entity at the request of the Employer, both prior to and after the Effective Date, and to promptly advance to the Executive or the Executive’s heirs or representatives such expenses
upon written request with appropriate documentation of such expense upon receipt of an undertaking by the Executive or on the Executive’s behalf to repay such amount if it shall ultimately be determined that the Executive is not entitled to be
indemnified by the Employer. During the Employment Period and thereafter, the Employer also shall provide the Executive with coverage under its current directors’ and officers’ liability policy to the same extent that it provides such
coverage to its other executive officers. If the Executive has any knowledge of any actual or threatened action, suit or proceeding, whether civil, criminal, administrative or investigative, as to which the Executive may request indemnity under this
provision, the Executive will give the Employer prompt written notice thereof; provided that the failure to give such notice shall not affect the Executive’s right to 

  
 13 

 
indemnification. The Employer shall be entitled to assume the defense of any such proceeding and the Executive will use reasonable efforts to cooperate with such defense. To the extent that the
Executive in good faith determines that there is an actual or potential conflict of interest between the Employer and the Executive in connection with the defense of a proceeding, the Executive shall so notify the Employer and shall be entitled to
separate representation at the Employer’s expense by counsel selected by the Executive (provided that the Employer may reasonably object to the selection of counsel within ten (10) business days after notification thereof) which counsel
shall cooperate, and coordinate the defense, with the Employer’s counsel and minimize the expense of such separate representation to the extent consistent with the Executive’s separate defense. This Section shall continue in effect after
the termination of the Executive’s employment or the termination of this Agreement. 
 11. Notices. All notices, demands,
requests, or other communications which may be or are required to be given or made by any party to any other party pursuant to this Agreement shall be in writing and shall be hand delivered, mailed by first-class registered or certified mail, return
receipt requested, postage prepaid, delivered by overnight air courier, or transmitted by facsimile transmission addressed as follows: 
  

					
	(i)	  	If to the Employer:	  	
		
		  	 Sagent Pharmaceuticals, Inc.

1901 N. Roselle Road
 Suite 700

Schaumburg, IL 60195
 Attn: Chief Executive Officer

			
	(ii)	  	If to the Executive:            	  	
		  	  
	  	
		  	  
	  	
		  	  
	  	

 Each party may designate by notice in writing a new address to which any notice, demand, request or
communication may thereafter be so given, served or sent. Each notice, demand, request, or communication that shall be given or made in the manner described above shall be deemed sufficiently given or made for all purposes at such time as it is
delivered to the addressee (with the return receipt, the delivery receipt, confirmation of facsimile transmission or the affidavit of messenger being deemed conclusive but not exclusive evidence of such delivery) or at such time as delivery is
refused by the addressee upon presentation. 
 12. Severability. In case any one or more of the provisions contained in this
Agreement is, for any reason, held invalid in any respect, such invalidity shall not affect the validity of any other provision of this Agreement. If the final judgment of a court of competent jurisdiction declares that any term or provision of this
Agreement is invalid or unenforceable, the parties agree that the court making the determination of invalidity or unenforceability shall have the power to reduce the scope, duration or area of the term or provision, to delete specified words

  
 14 

 
or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or
unenforceable term or provision, and this Agreement shall be enforceable as so modified. 
 13. Effect on Other Agreements. The
provisions of this Agreement shall supersede the terms of any plan, policy, agreement, award or other arrangement of the Employer (whether entered into before or after the Effective Date) to the extent application of the terms of this Agreement is
more favorable to the Executive. 
 14. Assignment. The Company may assign this Agreement to any parent, subsidiary, affiliate or
successor of the Company, or to any entity that acquires all or substantially of the Company’s assets of the division in which Executive is employed. This Agreement is not assignable by Executive and is binding upon him and his executors and
other legal representatives. 
 15. Entire Agreement. This Agreement constitutes the entire agreement between the parties respecting
the employment of the Executive, there being no representations, warranties or commitments except as set forth herein. 
 16.
Amendments. This Agreement may not be changed except by a writing signed by the Company and Executive. Executive represents to the Company that he or she is not presently bound by any agreement with any other person that conflicts with this
Agreement. Executive is not relying on any representations, statements, promises or agreements that are not set forth in writing in this Agreement. 

17. Waiver. The waiver of a breach of any provision of this Agreement shall not operate as or be construed to be a waiver of any other
provision or subsequent breach of this Agreement. 
 18. Headings. Section and subsection headings contained in this Agreement are
inserted for convenience of reference only, shall not be deemed to be a part of this Agreement for any purpose, and shall not in any way define or affect the meaning, construction or scope of any of the provisions hereof. 

19. Governing Law. This Agreement, the rights and obligations of the parties hereto, and any claims or disputes relating thereto, shall
be governed by and construed in accordance with the laws of the State of Illinois (but not including any choice of law rule thereof that would cause the laws of another jurisdiction to apply). 

20. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of
which together shall construe one and the same Agreement. Signature pages may be transmitted by facsimile or via PDF. Upon delivery of the facsimile or PDF, a signature shall be deemed an original and shall be admissible into evidence. 

  
 15 

 21. Withholding. The Employer may withhold from any benefit payment under this Agreement
all federal, state, city or other taxes as shall be required pursuant to any law or governmental regulation or ruling; provided that any withholding obligation arising in connection with the exercise of a stock option or the transfer of stock or
other property shall be satisfied through withholding an appropriate number of shares of stock or appropriate amount of such other property. 

22. Executive Acknowledgement. Executive acknowledges that Executive has fully read this Agreement, understands the contents of this
Agreement, and agrees to its terms and conditions of Executive’s own free will, knowingly and voluntarily, and without any duress or coercion. 

23. Representations and Warranties. Executive hereby represents and warrants that: (a) other than those agreements disclosed to
the Company by Executive in writing on or prior to the date of this Agreement (the “Prior Agreements”), listed in Attachment B, Executive is not subject to any restrictive covenant in any agreement and no contractual or other
commitment or covenant (including, but not limited to, obligations of confidentiality and/or covenants not to compete with prior employers) exists which would prevent or impair Executive’s full performance of Executive’s duties and
responsibilities under this Agreement and as an Executive for the Company; (b) Executive’s full performance of Executive’s duties for the Company and as an employee for the Company does not and will not breach any Prior Agreement, if
any; (c) Executive has not, and will not, disclose or use during Executive’s employment with the Company, any confidential information or trade secrets which Executive acquired as a result of any previous engagement, any employment or
under a contractual obligation of confidentiality or secrecy before Executive became engaged by of the Company; (d) all prior obligations (written and oral), such as confidentiality agreements or covenants restricting future engagements,
consulting or employment, that Executive has entered into which restrict Executive’s ability to perform any services as an employee for the Company are listed below under the heading List of Prior Agreements; (e) Executive does not have
any obligation to grant rights in any Work Product to a third party that might conflict with Executive’s obligations or the Company’s rights hereunder; and (f) all of Executive’s contributions to Work Product shall be
Executive’s original work, and will not infringe, misappropriate or violate any intellectual property or other right of any third party. 

24. Section 409A. The intent of the parties is that payments and benefits under this Agreement comply with Section 409A of
the Code, or an exemption thereunder, and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in
compliance therewith. If the Executive notifies the Employer (with specificity as to the reason therefor) that the Executive believes that any provision of this Agreement (or of any award of compensation, including equity compensation or benefits)
would cause the Executive to incur any additional tax or interest under Code Section 409A and the Employer concurs with such belief or the Employer (without any obligation whatsoever to do so) independently makes such determination, the
Employer shall, after consulting with the Executive, reform such provision to attempt to comply with Code Section 409A through good faith modifications to the minimum extent reasonably appropriate to conform with Code Section 409A. To the
extent that any 

  
 16 

 
provision hereof is modified in order to comply with Code Section 409A, such modification shall be made in good faith and shall, to the maximum extent reasonably possible, maintain the
original intent and economic benefit to the Executive and the Employer of the applicable provision without violating the provisions of Code Section 409A. Notwithstanding the foregoing, Employer makes no representation that the payments and
benefits provided under this Agreement comply with Code Section 409A and, in no event whatsoever shall the Employer be liable for any additional tax, interest or penalty that may be imposed on the Executive by Code Section 409A or damages
for failing to comply with Code Section 409A. With respect to any payment or benefit considered to be nonqualified deferred compensation under Section 409A, a termination of employment shall not be deemed to have occurred for purposes of
any provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Code Section 409A
and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” Notwithstanding anything to the contrary in this
Agreement, if the Executive is deemed on the date of termination to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B), then with regard to any payment or the provision of any benefit that is
considered nonqualified deferred compensation under Code Section 409A payable on account of a “separation from service,” such payment or benefit shall not be made or provided until the date which is the earlier of (A) the
expiration of the six (6)-month period measured from the date of such “separation from service” of the Executive, and (B) the date of the Executive’s death, to the extent required under Code Section 409A. Upon the expiration
of the foregoing delay period, all payments and benefits delayed pursuant to this Section 25 (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to the
Executive in a lump sum, and any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. To the extent that reimbursements or other in-kind benefits
under this Agreement constitute “nonqualified deferred compensation” for purposes of Code Section 409A, (A) all expenses or other reimbursements hereunder shall be made on or prior to the last day of the taxable year following
the taxable year in which such expenses were incurred by the Executive, (B) any right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (C) no such reimbursement, expenses
eligible for reimbursement, or in-kind benefits provided in any taxable year shall in any way affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year. For purposes of Code Section 409A, the
Executive’s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with
reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Employer. Notwithstanding any other provision of this Agreement to the contrary, in no event shall any payment under
this Agreement that constitutes “nonqualified deferred compensation” for purposes of Code Section 409A be subject to offset by any other amount unless otherwise permitted by Code Section 409A. 

IN WITNESS WHEREOF, the undersigned have duly executed and delivered this Agreement, or have caused this Agreement to be duly executed and delivered on their
behalf. 

  
 17 

			
	SAGENT PHARMACEUTICALS, INC.
		
	By:	 	         /s/ Allan Oberman

	Name: Allan Oberman
	Title: Chief Executive Officer
	
	EXECUTIVE
	
	         /s/ J. Frank Harmon

	Name: J. Frank Harmon

  
 18

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