Summary of SENESCO TECHNOLOGIES INC

Item 1.01 Entry into a Material Definitive Agreement

As previously reported, Bruce C. Galton resigned from his positions as President, Chief Executive Officer and member of the Board of Directors of Senesco Technologies, Inc. (the "Company"). In connection therewith, on November 23, 2009, the Company entered into a Confidential Separation Agreement and General Release (the "Agreement") with Mr. Galton.

The material terms of the Agreement are as follows:

· The Company will pay Mr. Galton severance in an amount equal to four months of his current annual base salary, less all applicable federal and state withholdings and deductions which are authorized or required by law, with such amount to be paid in accordance with the Company's normal payroll schedule;

· In the event Mr. Galton elects continuation of coverage under COBRA, the Company will pay the COBRA premiums for continuation of his group health insurance coverage for a period of four months;

· All currently outstanding equity awards made to Mr. Galton during his course of employment, to the extent any of the awards are stock options, shall remain exercisable for the underlying shares of common stock until the expiration date of such options as set forth in the applicable stock option agreement. In addition, Mr. Galton shall receive 49,500 shares of common stock which represent shares underlying restricted stock units ("RSU") which were awarded to Mr. Galton under the Company's 2009 Short Term Incentive Plan. Aside from the foregoing RSUs, Mr. Galton shall not receive any additional RSUs under either the Short Term Incentive Plan or Long Term Incentive Plan.

· The Company will pay Mr. Galton for all of his accrued but unused vacation days.

Mr. Galton may revoke his acceptance of the Agreement within seven calendar days following the execution of the Agreement.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously reported, on November 16, 2009, Bruce C. Galton resigned from his positions as President, Chief Executive Officer and member of the Board of Directors of the Company. In connection therewith, on November 23, 2009, the Company entered into the Agreement with Mr. Galton, the material terms of which are described in Item 1.01 above. A copy of the Agreement is filed as exhibit 10.1 to this periodic report on Form 8-K.