Transition and Succession Agreement Waiver Letter
Exhibit 10.57
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0000 Xxxxx Xxxxxxxxx Xxxxxxxxxx, XX 00000 XXX Phone 000.000.0000 Fax 000.000.0000 Web xxxxx.xxx | |
Waiver Letter
Dear [l]:
Reference is made to your Transition and Succession Agreement with Mylan Inc. (the “Company”), as such agreement has been and may be amended from time to time (the “T&S Agreement”). The T&S Agreement provides for the possibility of enhanced benefits or rights following a Change in Control of the Company (as such term is defined in the T&S Agreement). By executing this waiver letter, for good and valuable consideration (including your continued employment and continued participation in the Company’s incentive plans and programs), you acknowledge and agree that the transactions consummated pursuant to the Business Transfer Agreement and Plan of Merger, dated as of July 13, 2014, by and among Xxxxxx Laboratories, an Illinois corporation, the Company and the other parties thereto, as such agreement may be amended from time to time, shall not constitute a Change in Control for any purpose of the T&S Agreement. All other provisions of the T&S Agreement, as modified by the foregoing, shall remain in full force and effect notwithstanding this waiver letter.
by | |
Name: | |
Title: | |
Acknowledged and agreed:
_____________________________
Name:
