EXECUTIVE EMPLOYMENT AGREEMENT
This EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”), is entered into effective as of
March 25, 2009 (the Effective Date”), by and between POZEN Inc. (the “Company”), with offices located at
Suite 400, 1414 Raleigh Road, Chapel Hill, North Carolina 27517, and Everardus Orlemans, Ph.D.
(“Executive”), whose address is 300 Mimosa Drive, Chapel Hill, North Carolina 27514.
WHEREAS, the Company is engaged in certain pharmaceutical research, development and marketing
WHEREAS, the Company Executive in the position of Senior Vice President, Product Development,
and Executive desires to remain employed with the Company.
NOW, THEREFORE, in consideration of the foregoing and the provisions and mutual promises herein
contained and other good and valuable consideration, the parties hereby agree as follows:
EMPLOYMENT. The Company hereby agrees to continue to employ Executive, and Executive
hereby agrees to remain employed, as Senior Vice President, Product Development of the Company, with such
duties and responsibilities as are normally related to such position in accordance with the standards of the industry
and as specified in Exhibit A , attached hereto and incorporated herein by reference, and such additional duties
as may be assigned to Executive from time to time by the President or the Board of Directors of the Company.
TERM. Executive’s employment shall be for a term of one (1) year from the date of execution of
this Agreement (the “Initial Term”), and thereafter shall be automatically renewed with additional one (1) year
terms to follow consecutively, subject to the termination and severance provisions herein later provided, unless
amended or modified by mutual agreement of the parties. As used herein, “Term” shall include the Initial Term
and any renewals thereof in accordance with this Agreement.
EXCLUSIVE SERVICE. Executive agrees to devote Executive’s full time and a