Exhibit 10.110

March 12, 2006

Mr. Thomas P. Rice
Chief Executive Officer
1010 Seminole Drive #308
Ft. Lauderdale, Florida 33304

Re: Employment Agreement

Dear Tom:

Reference is made to your employment agreement dated February 3, 2004 (the
“Employment Agreement”). We wish to confirm the following under the Employment
Agreement (applying its defined terms):

1.   Severance Payments. The severance compensation to which you may become
entitled under Section 7 of the Employment Agreement is modified as follows: in
the event your employment is terminated pursuant to Section 6(b) or pursuant to
Section 6(d), in each case on or after a Change in Control, then, in addition to
the amounts and benefits set forth in Section 7 (i.e., those amounts and
benefits that would be paid or provided upon a termination of your employment by
the Company without Cause under Section 6(b) of the Employment Agreement), the
Company shall pay you (i) a lump sum payment equal to six months of your Base
Compensation amount, and (ii) a lump sum payment equal to fifty-percent of the
most recent Bonus actually paid to you by the Company prior to such Change in
Control (less applicable withholding). These severance amounts would be paid to
you within thirty (30) days after written notice of a qualifying termination
(subject to six months’ delay if and as required by Section 409A (defined below)
in order to avoid adverse tax consequences to you under Section 409A). These
severance benefits are subject to your execution of the Release referenced in
Section 7 of the Employment Agreement.

2.   Code Section 409A. We intend that the Employment Agreement and any other
agreement or arrangement with the Company (the Employment Agreement and such
other agreements and arrangements, together, the “Arrangements”) comply with
Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as amended
(the “Code”). If any provision of any Arrangement would result in the imposition
on you of a penalty tax under Section 409A, or any related guidance issued by
the U.S. Treasury Department or the Internal Revenue Service, the Company shall,
after consulting with you, reform such Arrangement to avoid the imposition of
such penalty; provided that any such reformation shall to the maximum extent
possible retain the originally intended economic and tax benefits to you under
such Arrangement, and the original purpose of such Arrangement, without
violating Section 409A or creating any unintended or adverse tax consequences to
you. Such reform may include, without limitation, imposition of a six month
delay in the payment of severance benefits if required under Section 409A due to
the fact that you are a “key employee” under Section 409A and the amounts
payable to you under such Arrangement are considered “deferred compensation” of
a type requiring six-month delay under Section 409A. The Company shall indemnify
and hold you harmless, on an after-tax basis, for any additional tax (including
interest and penalties with respect thereto) imposed on you as a result of Code
Section 409A with regard to the payments and benefits hereunder.

3.   280G Gross Up. The Company wishes to modify the “gross up” payments
provided for under Section 7 of the Employment Agreement. You will be paid
“gross up” amounts in an aggregate amount equal to (i) any excise taxes incurred
by you as a result of any amounts or benefits provided to you by the Company
pursuant to the Employment Agreement, any other Arrangement or otherwise that
are considered to be “parachute payments” under Internal Revenue Code
Section 280G and the regulations promulgated thereunder, and (ii) any federal
and state and local income tax liability arising as a result of the payment of
such excise tax (in each case, including any interest and penalties imposed with
respect to such taxes), payable within sixty (60) days after such excise and
income taxes are incurred (subject to six months’ delay if and as required by
Section 409A in order to avoid adverse consequences to you under Section 409A).

4.   RSU Deferrals. Consistent with the foregoing, your ability to defer receipt
of the common stock to be received upon vesting of the RSU grant referenced in
Section 4(C) of the Employment Agreement is disallowed.

All other terms of the Employment Agreement remain in full force and effect.

Please indicate your agreement with the terms and conditions set forth in this
Letter Agreement by signing the enclosed copy of this Letter Agreement and
returning it to me.

Very truly yours

ANDRX CORPORATION

By:     
Name: Robert I. Goldfarb
Title: Senior Vice President, General Counsel and Secretary

Accepted and Agreed:

     
Thomas P. Rice
Dated: March 11, 2006