HERBALIFE LTD. 2005 STOCK INCENTIVE PLAN INDEPENDENT DIRECTORS STOCK APPRECIATION RIGHT AGREEMENTIndependent Directors Stock Appreciation Right Agreement • May 3rd, 2010 • Herbalife Ltd. • Wholesale-drugs, proprietaries & druggists' sundries
This Independent Directors Stock Appreciation Right Agreement (this “Agreement”) dated as of , 20 (the “Grant Date”) between Herbalife Ltd., an entity organized under the laws of the Cayman Islands (the “Company”), and [DIRECTOR] (“Participant”).
