SEC Contract Filing

Filing Date: 2015-11-03

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d74493dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION COPY </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">EMPLOYMENT
AGREEMENT </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This EMPLOYMENT AGREEMENT (&#147;<U>Agreement</U>&#148;) is entered into as of the Effective Date (as defined below), by and
between Sagent Pharmaceuticals, Inc., a Delaware corporation (the &#147;<U>Employer</U>&#148; or the &#147;<U>Company</U>&#148;), and Allan Oberman, an individual (the &#147;<U>Executive</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Employer and the Executive desire to enter into this Agreement to set forth the terms and conditions for the employment of the
Executive with the Employer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for other good
and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the parties hereto agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.
<U>Employment Agreement</U>. 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 <U>Section&nbsp;2</U>
and in the positions and with the duties set forth in <U>Section&nbsp;3</U>. Terms used herein with initial capitalization not otherwise defined are defined in <U>Section&nbsp;26</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Term</U>. The initial term of employment under this Agreement shall be for a three-year period commencing on the later of
(a)&nbsp;September&nbsp;1, 2015 or (b)&nbsp;the date the Executive obtains lawful immigration and work status in the United States, which date shall occur no later than November&nbsp;15, 2015 (such date, the &#147;<U>Effective Date</U>&#148;, and
such initial term of employment, the &#147;<U>Initial Term</U>&#148;). The term of employment shall be automatically extended for an additional consecutive 12-month period (the &#147;<U>Extended Term</U>&#148;) 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 <U>Section&nbsp;14</U> hereof not less than 60&nbsp;days before such anniversary date
that such party is electing not to extend the term of employment under this Agreement (&#147;<U>Non-Renewal</U>&#148;), in which case the term of employment hereunder shall end as of the end of such Initial Term or Extended Term, as the case may be,
unless sooner terminated as hereinafter set forth. Such Initial Term and all such Extended Terms are collectively referred to herein as the &#147;<U>Employment Period</U>.&#148; 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. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. <U>Position and Duties</U>. During the Employment Period, the Executive shall serve as the Chief Executive Officer and shall be nominated
to be elected as a member of the Board. In such capacities, the Executive shall report directly to the Board and the Chairman of the Board 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&#146;s reasonable best efforts and full business time to the performance of the Executive&#146;s duties hereunder and the advancement of the business and affairs
of the Employer; <U>provided</U> <U>that</U> </P>

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the Executive shall be entitled to serve as a member of the board of directors of a reasonable number of other companies, to serve on civic, charitable, educational, religious, public interest or
public service boards, and to manage the Executive&#146;s personal and family investments, in each case, to the extent such activities do not materially interfere with the performance of the Executive&#146;s duties and responsibilities hereunder.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. <U>Place of Performance</U>. During the Employment Period, the Executive shall be based primarily at the Employer&#146;s headquarters
in Schaumburg, Illinois, except for reasonable travel on the Employer&#146;s business consistent with the Executive&#146;s position. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.
<U>Compensation and Benefits; Options</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Base Salary</U>. Beginning on the Effective Date and, thereaft