SEC Contract Filing

Filing Date: 2015-02-18

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>t81443_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
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<div STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 10.2</div>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">EXECUTION COPY</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CHANGE IN CONTROL AGREEMENT</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">THIS CHANGE IN CONTROL
AGREEMENT (the &ldquo;<U>Agreement</U>&rdquo;), dated as of the 13<SUP>th</SUP> day of February, 2015, is
entered into by and between Aceto Corporation, a New York corporation (the &ldquo;<U>Company</U>&rdquo;), and Albert L. Eilender
(the &ldquo;<U>Executive</U>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">W I T N E S S E T H:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Executive
currently serves as a key employee of the Company and the Executive&rsquo;s services and knowledge are valuable to the Company;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Executive
and the Company have entered into a Change in Control Agreement dated July 2, 2012 (the &ldquo;<U>Prior Agreement</U>&rdquo;) which
provides certain enhanced severance protections to the Executive upon the occurrence of a Change in Control (as defined therein
and herein) of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Board
of Directors of the Company (the &ldquo;<U>Board</U>&rdquo;) has determined that it is in the best interests of the Company and
its shareholders to continue to provide enhanced severance protections to the Executive following a Change in Control of the Company
subject to the terms and conditions of this Agreement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Board
has authorized the Company to enter into this Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in
consideration of the mutual promises and covenants contained herein and for other good and valuable consideration, the receipt
and sufficiency of which are hereby mutually acknowledged, the parties hereto agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>TERM.
The term of this Agreement (the &ldquo;<U>Term</U>&rdquo;) shall become effective as of the date hereof (the &ldquo;<U>Effective
Date</U>&rdquo;) and shall terminate one year after the date of any written notification from the Company to the Executive terminating
this Agreement; <U>provided</U>, <U>however</U>, that if a Change in Control occurs while this Agreement is still in effect, any
written notification to the Executive terminating this Agreement (including any written notification given prior to such Change
in Control), shall not be effective until the second anniversary of the Change in Control; and <U>provided</U>, <U>further</U>,
that this Agreement shall continue in effect following any Qualifying Termination (as defined below) which occurs prior to the
termination of this Agreement with respect to all rights and obligations accruing as a result of such Qualifying Termination. Notwithstanding
the foregoing, this Agreement shall terminate if the Executive ceases to be an employee of the Company and its subsidiaries for
any reason prior to a Change in Control which, for these purposes, shall include cessation of such employment as a result of the
sale or other disposition of or the liquidation, wind-down or dissolution of, the division, subsidiary or other business unit by
which the Executive is employed.</P>

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