THIS EMPLOYMENT AGREEMENT is made as of May 1, 2003, by and between DR. BRIAN DICKSON, a resident of
the Commonwealth of Pennsylvania (the “Employee”), and COVALENT GROUP, INC., a corporation organized and existing
under the laws of the State of Delaware (the “Company”).
In consideration of the mutual covenants and obligations contained herein, and intending to be legally bound, the
parties, subject to the terms and conditions set forth herein, agree as follows:
1. Employment and Term . Subject to Section 7, the Company agrees to employ the Employee and the Employee hereby accepts
employment with the Company as its Chief Medical Officer (the “Position”), for the six (6) month period beginning May 1, 2003
and ending October 31, 2003 (the “Term”). The Term shall not extend unless both parties agree to such extension in a writing
signed by both parties.
2. Duties . During the Term, the Employee shall serve the Company faithfully and to the best of his ability and shall devote at
least Five Hundred Hours (500) during the Term to the performance of the duties required by or appropriate for the Position,
which duties shall include: support of client regulatory filings; revision of the Investigator’s Brochure; revision of the
Integrated Summary of Safety and Clinical Study Reports; medical monitoring and consulting; and strategic technology
evaluation; and such other and further tasks as the President and Chief Executive Officer may reasonably request. The Position
shall report directly to the President and Chief Executive Officer.
3. Compensation . The Company shall pay the Employee, and the Employee hereby agrees to accept, as compensation for all
services rendered hereunder and for the Employee’s covenant not to compete as provided for in Section 6 hereof, the
compensation set forth in this Section 3.
a. Salary . The Company shall pay the Employee One Hundred Fifty Thousand Dollars ($150,000.00) (the “Base Salary”)
during the Te