EX-10.64
from 10-K
2 pages
We Thank You for Your Many Contributions as Executive Vice President, Finance and Business Development and Chief Financial Officer (“CFO”), and We Are Pleased You Are Willing to Remain a Part of the Team. Accordingly, We Present You With This Offer of Employment as Senior Vice President of Finance and Special Advisor, Reporting to James M. Hindman, Performing Duties as Mutually Agreed Up on by You and Jim. This Offer and Its Associated Compensation Package Have Been Approved by the Allergan Board of Directors And, if Accepted by You, Will Be Effective as of August 19, 2014 (The “Effective Date”) Until December 31, 2014, at Which Time Your Active Service Will End. You Will Then Remain on the Allergan Payroll and Take Vacation Time Until Your Vacation Balance Is Reduced to Zero (0). of Course, This Is Contingent Upon Your Resignation From the CFO Position. if Accepted, This Position Will Be Based at Allergan’s Corporate Headquarters in Irvine, California, However, It Is Assumed That You Will Exclusively Telecommute. Necessary Equipment for Telecommuting Will Be Provided to You, at Allergan’s Expense. the Specifics of the Offer Are as Follows: Base Salary/Schedule Beginning on the Effective Date, Your Annual Base Salary Will Be Usd $400,000 for a Full-Time Forty (40) Hour Work Week, Paid in Accordance With Allergan’s Customary Payroll Practices. Your Salary Will Be Prorated for Your Work Schedule, Which Will Be Thirty (30) Hours Per Week (Usd $300,000). Management Bonus Plan Participation
12/34/56