EMPLOYMENT AGREEMENTEmployment Agreement • June 14th, 2005 • Forest Laboratories Inc • Pharmaceutical preparations • New York
AGREEMENT by and between FOREST LABORATORIES, INC. Company, a Delaware corporation (the "Company") and Ivan Gergel (the "Executive"), dated as of the 16th day of the sixth month of 1998. The Board of Directors of the Company (the "Board") has determined that it is in the best interests of the Company and its shareholders to assure that the Company will have the continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined below) of the Company. The Board believes it is imperative to diminish the inevitable distraction of the Executive by virtue of the personal uncertainties and risks created by a pending or threatened Change of Control and to encourage the Executive's full attention and dedication to the Company currently and in the event of any threatened or pending Change of Control, and to provide the Executive with compensation and benefits arrangements upon a Change of Control which ensure that the compensation and
