On the terms and subject to the conditions set forth herein, the Corporation agrees to continue to employ the Executive as its President of IntraDerm™ Pharmaceuticals division for the Term of Employment (as defined in Section 2 ). The Executive does hereby accept and agree to such employment, on the terms and conditions expressly set forth in this Agreement. The Executive shall, if requested, also serve as a member of the Board of Directors of the Corporation (the “ Board ”) or as an officer or director of any affiliate of the Corporation for no additional compensation.