0000950123-10-060188 Sample Contracts

BIOVAIL CORPORATION NON-EXECUTIVE CHAIRMAN AND BIOVAIL LABORATORIES INTERNATIONAL SRL PRESIDENT AGREEMENT

Non-Executive Chairman and President Agreement • June 23rd, 2010 • Valeant Pharmaceuticals International • Pharmaceutical preparations • Ontario

• Contract Type
  Non-Executive Chairman and President Agreement
• Filed
  June 23rd, 2010
• Company
  Valeant Pharmaceuticals International
• Industry
  Pharmaceutical preparations
• Jurisdiction
  Ontario

WHEREAS Mr. Wells previously entered into an Executive Employment Agreement with the Corporation, dated May 1, 2008 (the “Employment Agreement”);

BIOVAIL CORPORATION EMPLOYMENT AGREEMENT

Employment Agreement • June 23rd, 2010 • Valeant Pharmaceuticals International • Pharmaceutical preparations • New Jersey

• Contract Type
  Employment Agreement
• Filed
  June 23rd, 2010
• Company
  Valeant Pharmaceuticals International
• Industry
  Pharmaceutical preparations
• Jurisdiction
  New Jersey

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is hereby entered into as of June 20, 2010 by and between Biovail Corporation (the “Company”), Biovail Laboratories International SRL (“BLS”) and J. Michael Pearson, an individual (the “Executive”) (hereinafter collectively referred to as “the parties”) and shall be effective as of the “Effective Date” (as hereinafter defined).