Increased amount as the Board may from time to time determine (hereinafter referred to as the ∻ase Salary). The Company agrees to pay or cause to be paid to Executive during the Employment Term a base salary at the rate of $636,000 per annum or such Investments, participate in industry organizations and deliver lectures atĮducational institutions, so long as such activities do not interfere with the performance of Executives responsibilities hereunder.Įxecutive shall be subject to and shall abide by each of the Companys personnel policies applicable and communicated in writing to senior executives.īase Salary. Or committees, subject in all cases to the approval of the Nominating and Governance Committee of the Companys board of directors (the ∻oard) and the Chief Executive Officer of the Company. Executive may serve on corporate, civil or charitable boards For the avoidance of doubt, Executive agrees that he shall not be entitled to any payments or benefits under the OriginalĪgreement on or following the Effective Date.Įxecutive will have such duties as are assigned or delegated to Executive by the Chief Executive Officer, and will serve as Executive Vice President, Research andĭevelopment and Chief Scientific Officer of the Company.Įxecutive shall devote his full-time attention to the business and affairs of the Company. Superseded in its entirety by this Agreement, and the Original Agreement shall thereupon have no further force and effect.

Third anniversary of the Effective Date (the ∾mployment Term).Īs of the Effective Date, Executives Employment Agreement with the Company, effective as of April 29, 2008 (the Original Agreement) shall be The term of this Agreement shall be for the period commencing on the Effective Date and ending, subject to earlier termination as set forth in Section 6, on the In consideration of the respective agreements of the parties contained herein, it is agreed as follows: Gergel (the ∾xecutive) (hereinafter collectively referred to as the parties).

THIS AGREEMENT (the ∺greement) is hereby entered into as of the 27th day of October, 2011 (the ∾ffective Date), by and between Endo Pharmaceuticals Holdings Inc.

Endo pharmaceuticals salaries