AMENDMENT NO. 1 TO EMPLOYMENT LETTER OF JULY 1, 1999
AMENDMENT NO. 1 TO EMPLOYMENT LETTER OF JULY 1, 1999
That certain Employment Letter (the "Agreement") dated July 1, 1999 between Alpharma Inc. (the "Company") and Xxxxx X. Xxxxxxxx (the "Chairman") was amended by recommendation of the Compensation Committee of the Company's Board of Directors at its March 23, 2004 meeting and by action of the Board of Directors at its March 23-24, 2004 meeting. This amendment increased the Chairman's annual Chairman Xxx (set forth in paragraph 1 of the Agreement) from $150,000 to $200,000 effective as of March 23, 2004. All other terms and conditions of the Agreement remained unchanged and in full force and effect.
Please acknowledge this Amendment by executing where indicated below.
By: /s/ Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx
Secretary
The foregoing accurately reflects my understanding:
By: /s/ Xxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx
Chairman
