SEC Contract Filing

Filing Date: 2015-09-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.44
<SEQUENCE>3
<FILENAME>d48978dex1044.htm
<DESCRIPTION>EX-10.44
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<TITLE>EX-10.44</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 10.44</B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EMPLOYMENT AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>THIS EMPLOYMENT
AGREEMENT</B> is made and entered into as of this 10<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day of September 2015, by and between Unilife Corporation (&#147;Unilife&#148;) and Dennis P. Pyers (&#147;Pyers&#148;). The term
&#147;Unilife&#148; shall include its subsidiaries, affiliates, assigns and successors in interest under Sections 7, 8, and 13. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Unilife
is engaged in the business of designing, developing, manufacturing and supplying advanced drug delivery systems; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Unilife desires to
continue the employment of Pyers as Senior Vice President, Chief Accounting Officer and Controller under terms substantially similar to the terms of Pyers&#146; employment when he commenced employment at Unilife in 2010 and under terms substantially
similar to other Executive Officers of Unilife; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Unilife and Pyers wish to enter into this employment agreement to set forth the terms
of Pyers&#146; employment relationship with Unilife. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, in consideration of the promises and covenants set forth herein, and
intending to be legally bound hereby, the parties agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1. <U>Term</U>. This agreement shall be effective as of the date of this agreement
and shall be for a multi-year term commencing on such effective date and expiring on December&nbsp;31, 2018. This agreement will automatically renew for one-year periods annually thereafter, unless either party gives the other party thirty
(30)&nbsp;days written notice in advance of the relevant expiration date of its intention not to renew the agreement. Upon expiration or earlier termination of this employment relationship, the parties will be relieved of their duties and
obligations under this agreement, except that the rights and obligations of Unilife under Section&nbsp;6 below shall remain in full force and effect until all appropriate payments have been made to Pyers and the rights and obligations of Pyers set
forth in Sections 7 and 8 below shall remain in full force and effect and shall survive the expiration or termination of this agreement, regardless of the reason(s) for termination. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2. <U>Position and Duties</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Unilife
will employ Pyers as Senior Vice President, Chief Accounting Officer and Controller and Pyers agrees to serve in such capacity for Unilife with responsibility for Unilife&#146;s accounting and control functions and such other duties as are assigned
to him by the Chief Financial Officer (&#147;CFO&#148;) of Unilife, and shall have vested in him the authority and duties typically held by an employee in such position. Pyers shall report to the Chief Financial Officer with respect to the
performance of these duties and shall be a member of the Executive Team. In the performance of these duties, Pyers shall devote his knowledge, skill, attention, energies and all of his business time, and shall comply with all of Unilife&#146;s
policies, rules, and procedures, as they may be amended from time to time. Pyers shall not engage in any endeavor that would conflict with the rendition of his services to Unilife, either directly or indirectly, without the prior written consent of
Unilife&#146;s Chief Executive Officer (&#147;CEO&#148;); provided, however, Pyers may participate in civic, charitable, educational, industry and professional organizations, to the extent that such participation does not unreasonably interfere with
the performance of his duties hereunder; and Pyers may also serve on corporate boards and committees, but only with the prior written consent of Unilife&#146;s CEO. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Notwithstanding the responsibilities and duties contained in Section&nbsp;2(a) above, Pyers acknowledges that all material decisions
relating to the management of Unilife&#146;s business will be made by the CEO or the Board of Directors of Unilife. In addition, any decisions which have the capacity to affect significantly the financial standing of Unilife must be referred to the
CFO, CEO or Board of Directors of Unilife who will have ultimate control in respect of these matters. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page 1 of 13 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3. <U>Compensation</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <U>Base Salary</U>. Pyers shall be paid an annu