AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • October 10th, 2006 • Barr Pharmaceuticals Inc • Pharmaceutical preparations
AGREEMENT dated as of the 19th day of August, 2005 between Barr Pharmaceuticals, Inc. (“BPI”) and Barr Laboratories, Inc. (“BLI-DE”), Delaware corporations having their principal executive offices at 400 Chestnut Ridge Road, Woodcliff Lake, New Jersey 07677, and Duramed Research Inc., a Delaware corporation having its principal executive offices at 1 Belmont Avenue, Bala Cynwd, PA 19004 (“DRI”), parties of the first part, and Carole Ben-Maimon (the “Employee”).
Barr Pharmaceuticals, Inc.Employment Agreement • October 10th, 2006 • Barr Pharmaceuticals Inc • Pharmaceutical preparations
This letter agreement (the “Letter Agreement”) sets forth certain amendments to the employment agreement between you and Barr Pharmaceuticals, Inc. (“BPI”), Barr Laboratories, Inc. and Duramed Research Inc. dated as of August 19, 2005 (the “Employment Agreement”). If you agree to these amendments and the other provisions set forth below in this Letter Agreement, and that they are supported by valuable consideration which you have received and will receive, please sign this Letter Agreement where indicated below and return it to me, whereupon it will become immediately binding upon you and the other signatories to the Employment Agreement. The duplicate is for your files.
Release of ClaimsRelease of Claims • October 10th, 2006 • Barr Pharmaceuticals Inc • Pharmaceutical preparations
In consideration of the $1.5 million Severance Benefit to be paid to me pursuant to section 5 of the employment agreement between me and Barr Pharmaceuticals, Inc., Barr Laboratories, Inc. and Duramed Research Inc. dated as of August 19, 2005 as amended by a letter agreement dated August 28, 2006 (the “Employment Agreement”), I hereby agree as follows:
