Dear : Alpharma Inc., (the "Company") recognizes you as a valuable member of its senior leadership team. As you know, the Company anticipates significant changes as a result of the impending sale of the Generics business to Actavis. In order to...Alpharma Inc • December 22nd, 2005 • Pharmaceutical preparations
This Agreement will remain in effect until the third anniversary of the date hereof, and thereafter will remain in effect for a series of one-year periods unless either party shall give to the other written notice of expiration of this Agreement at least one year in advance of a subsequent renewal date. In any event this Agreement, if it has not expired when a "Qualifying Transaction," as defined below, occurs, shall remain in effect for two years after a Qualifying Transaction.
