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EXHIBIT (10)(G)
March 8, 1996
Mr. Xxx Cyrus
Pharmacia & Upjohn Management Co. Ltd.
Knyvett House
The Causeway
Staines, U.K.
Dear Xxx:
To confirm our prior understanding, you will not enter into a new
employment agreement with either Pharmacia & Upjohn, Inc. (the "Company") or
Pharmacia & Upjohn Management Company, Ltd. However, under your Severance
Agreement with The Upjohn Company, dated March 15, 1995 (the "Severance
Agreement"), you will be entitled to receive the severance pay and other
benefits provided in the Severance Agreement if you satisfy the terms of that
Agreement. Your moving to London to assume your current position shall not be
deemed to be a waiver by you of any rights you may have under your Severance
Agreement. Further, whenever your employment with the Company and its
affiliates terminates, you shall be entitled to be repatriated to the United
States and receive the benefits then provided to repatriated U.S. employees,
including receiving retirement benefits and retiree medical benefits then
provided to similarly situated U.S. employees. Finally, in order to induce you
to continue your employment with the Company, in the event you should die or
become permanently disabled on or prior to November 2, 1997 while employed by
the Company or one of its affiliates, you or your beneficiary or estate shall
receive the severance pay and other benefits provided in the Severance
Agreement as if you had terminated your employment immediately preceding your
death or disability.
Very truly yours,
Xxxx X. Xxxxxxxxx
President and Chief Executive Officer
