0000950144-06-004702 Sample Contracts

STOCK APPRECIATION RIGHTS AGREEMENT (EMPLOYEE)
Stock Appreciation Rights Agreement • May 10th, 2006 • Noven Pharmaceuticals Inc • Pharmaceutical preparations • Florida

This document sets forth the terms of a grant of stock appreciation rights (the “Award”) granted by Noven Pharmaceuticals, Inc., a Delaware corporation (the “Company”), pursuant to a Certificate of Stock Appreciation Rights (“Certificate”) displayed at the website of Smith Barney Stock Plan Services. The Certificate, which specifies the person to whom the award is granted (“Grantee”) and other specific details of the grant, and the electronic acceptance of the Certificate at the website of Smith Barney Stock Plan Services are incorporated herein by reference.

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