SEC Contract Filing

Filing Date: 2020-08-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>amph-20200630ex101e5af3e.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge 9.7.0.58--><!--Created on: 8/7/2020 10:07:02 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:11.76%;padding-right:11.76%;position:relative;"><div style="margin-top:30pt;min-height:7.2pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:right;margin:0pt 0pt 6pt 0pt;"><b style="font-weight:bold;">Exhibit&#160;10.1</b></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="color:#4f81bd;font-family:'Cambria';font-size:12pt;font-style:italic;letter-spacing:0.75pt;line-height:1.19;text-align:center;margin:0pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:bold;">SEPARATION AGREEMENT AND</b></p><p style="color:#4f81bd;font-family:'Cambria';font-size:12pt;font-style:italic;letter-spacing:0.75pt;line-height:1.19;text-align:center;margin:0pt;"><b style="color:#000000;font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:bold;">GENERAL RELEASE OF CLAIMS</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin:0pt 0pt 6pt 0pt;"><font style="font-size:6pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;">This Separation Agreement and General Release of Claims (&#8220;Agreement&#8221;) is freely entered into by Jason Shandell (&#8220;Shandell&#8221;), and Amphastar Pharmaceuticals, Inc. (the &#8220;Company&#8221;). &#160;(All of the parties are referred to herein collectively as the &#8220;parties&#8221;.)</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.19;text-align:center;margin:0pt 0pt 12pt 0pt;">RECITALS</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;"><b style="font-variant:small-caps;font-weight:bold;">Whereas</b><b style="font-weight:bold;">,</b> Shandell and the Company entered into that certain employment agreement dated May 19, 2014 (the &#8220;Employment Agreement&#8221;); </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Times New Roman Bold';font-variant:small-caps;font-weight:bold;">Whereas</b><b style="font-weight:bold;">,</b> Shandell resigned from the Company effective April 10, 2020 (the &#8220;Separation Date&#8221;); and </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;"><b style="font-variant:small-caps;font-weight:bold;">Whereas</b><b style="font-weight:bold;">,</b> Shandell and the Company desire to settle and dispose of fully and completely any and all existing or potential disputes, claims and demands arising out of, or attributable to Shandell&#8217;s termination of employment and his employment relationship with the Company, including all allegations and claims alleged or which could have been alleged by Shandell against the Company or the other Released Parties (defined below) or any of them, and any other claims whatsoever that Shandell had, has or may have against the Company or the other Released Parties, on the terms and conditions set forth herein.</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;"><b style="font-family:'Times New Roman Bold';font-variant:small-caps;font-weight:bold;">Now, Therefore</b><b style="font-weight:bold;">,</b> in consideration of the mutual promises and covenants contained herein, it is hereby agreed by and between the parties as follows:</p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;font-weight:bold;line-height:1.19;text-align:center;margin:0pt 0pt 12pt 0pt;">AGREEMENT</p><div style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;margin-bottom:12pt;margin-left:0pt;text-indent:36pt;"><font style="display:inline-block;font-family:'Times New Roman';font-weight:bold;min-width:36pt;text-indent:0pt;white-space:nowrap;">A.</font><b style="font-weight:bold;text-decoration:underline;text-decoration-color:#000000;">CONSIDERATION</b></div><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:72pt;margin:0pt 0pt 12pt 0pt;"><font style="display:inline-block;text-align:left;text-indent:0pt;width:36pt;"><font style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:12pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:justify;">1.</font></font>This Agreement is executed by Shandell in consideration of the Company&#8217;s agreement to compensate him, as set forth in Appendix A, (the &#8220;Consideration&#8221;). &#160;The parties agree to promptly execute any documentation necessary to facilitate the payment or provision of any of the Consideration to Shandell, and shall cooperate in good faith in that regard. </p><p style="font-family:'Times New Roman','Times','serif';font-size:12pt;line-height:1.19;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;">Shandell agrees that the Consideration satisfies in full any obligation or claimed obligation under the Employment Agreement. Shandell understands that he will only receive the Consideration if this Agreement becomes irrevocable by its terms and following the E