This Agreement (“Agreement”) made as of this 1st day of January, 2004 , between DUSA
Pharmaceuticals, Inc., a New Jersey corporation (“DUSA”) and Richard C. Christopher (“Christopher”).
WHEREAS, Christopher has been employed by DUSA since December 18, 2000 and DUSA wishes to
NOW THEREFORE, in consideration of the mutual covenants and promises, the parties agree as
1. Employment : DUSA hereby employs Christopher and he hereby accepts such employment
as the Vice President, Financial Planning and Business Analysis. Christopher agrees to work on a full-time basis
and to devote his best efforts and spend as much time and attention as is necessary to manage the financial affairs
of DUSA for which he is responsible. Christopher shall report to the President of DUSA.
2. Duties and Responsibilities : Notwithstanding any language contained herein to the contrary,
Christopher shall be responsible (by way of example and not by way of limitation) for:
A. supervision and oversight of the financial planning, modeling and analysis for DUSA,
including but not limited to, the evaluation of business plans and/or opportunities and their impact on the
financial results , the budget process, and financial system operations of DUSA ;
B. preparation and coordination of the annual budget and strategic plans; and
C. any additional employment responsibilities as deemed appropriate by the Board of
Directors and DUSA’s senior management, from time to time.
3. Remuneration : DUSA will pay to Christopher a base salary equal to One Hundred Twenty-
Two Thousand, Five Hundred Dollars ($122,500.00) per annum at intervals consistent with DUSA’s
administrative practices, from time to time. This base salary shall be reviewed by the Board of Directors of
DUSA from time to time, not less than on an annual basis, begin