**Exhibit10.60**

 

August 24, 2001

**Revised: September 10, 2001**

 

 

Hani Zeini

660 Narcisi Lane

Wayne,PA 19087

DearHani,

I am pleased to offer you the position of ExecutiveVice President of Sales and Marketing for the McGhan Medical Division of InamedCorporation.  In this role, you willreport to Nicholas Teti, President and CEO, and will be based at our [namedHeadquarters offices in Santa Barbara.  Wewould like you to join us as soon as possible, but no later than October 1,2001.

I am also pleased to offer you the followingcompensation package:

1.                                       A base salaryof $245,000.00 per year.  Your salarywill be reviewed during the focal review period which will take place duringthe first quarter of 2002.

2.                                       You willreceive a one time signing bonus of $40,000.00 which will be grossed up tooffset taxes.  This one time signingbonus will be paid within the first five days of your employment.  Please remember that ‘if your employment isvoluntarily terminated within twelve months of employment it will be necessaryfor you to repay a pro-rated portion of the signing bonus, based on length ofservice.

3.                                       You will berecommended to receive options on approximately 75,000 shares of common stock,such options to be issued at market price at the time of grant and to vestratably 1/3 on each of the first three (3) anniversaries of the date on whichyou commence employment.  Based on Boardof Director approval, the number of options could be greater or less than75,000.

4.                                       You will beeligible to participate at up to 50% of your salary in the Management IncentivePlan (MIP) for the year 2001 on a pro-rata basis.  You will be eligible to participate insubsequent years during which you are a qualified Inamed employee and a MIPprogram exists.

5.                                       Subject toapproval by the Board of Directors, you will be provided a change of controlagreement, to be forwarded under separate cover, that will address youremployment status in the event a change in control of the company occurs.

6.                                       You willreceive a comprehensive benefits package which includes:

•                                          Group health(medical, dental, vision, prescription drug), Employee Assistance Program (EAP)and life insurance become effective the first of the month following date ofhire.  Holiday pay, paid leave, andbusiness travel accident insurance become effective on the date of hire.

 

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•                                          You will beeligible for three weeks of paid vacation per year.  Accrual for paid leave is at the rate of 4.62hours bi-weekly through the third year of employment, increasing to 6.16 hoursthe fourth year.

•                                          You will beeligible to invest in Inamed’s 401(k) Plan in the enrollment period followingthree (3) months of continuous employment, and in the Employee Stock PurchaseProgram in the enrollment period after twelve (12) months of continuousemployment.

To facilitate your relocation, we are happy toreimburse you for moving expenses such as closing costs on the purchase of anew home, temporary housing costs, transportation to the site, and othermiscellaneous expenses up to $25,000.00. If there are extenuating circumstances related to your relocation,Inamed will consider reimbursement of additional expenses in an effort tominimize your relocation costs.  Inaddition, Inamed will pay for the shipping of your household goods up to$15,000.00 and closing costs on the sale of your current home.  The details of these programs are describedin our policy which we will provide to you upon your request.  Please remember that if you voluntarilyterminate your employment with Inamed within twelve months of your hire date,it will be necessary for you to repay a pro-rated amount of any reimbursementyou received for moving expenses, based on length of service.

At Inamed Corporation, every employee filling aposition that is new to them completes a minimum 90-day introductory period.  An initial review will be given after 90 daysof continuous employment to evaluate your performance and determine the statusof your introductory period.  While we donot anticipate any problems, please be aware that Inamed Corporation mayterminate the employment of any employee during this period without priorreview, warning, notice, or application of progressive disciplinary action.

On your first day of employment please be prepared toprovide proof of identity and eligibility to work in the United States (a U.S. passportor your drivers license and social security card will be adequate).  You will also need to complete and sign thefollowing documents prior to or on your start date:

W-4 Form

I-9 Form

Intellectual Property andConfidentiality Agreement

Confidentiality of DataPledge

Confidential Employee Information Form

Please remember that this offer does not constitute acontract.  If you are hired youremployment is at will, meaning that your employment is not for any specifictime period or duration, and can be terminated with or without cause and withor without notice.  Only a written,express agreement signed by the President and CEO can change your at willstatus.

Hani, if you are in agreement with thisoffer, please indicate your acceptance by signing on the original copy andreturn it to me; the other copy is for your record.  This offer of employment will be valid fortwo weeks from the date of this letter.

 

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I look forward to your starting work with usas an Inamed employee.  I believe thatyou will enjoy our work environment and welcome you to Inamed Corporation.

 

 

Sincerely,

 

 

 

Patricia Cooper

Vice President of Human Resources

 
| I have read and accepted  the above offer: |   |   |
|--------------------------------------------|--------|--------|
|                                       |   |   |
| /s/ Hani Zeini                             |   |   |
| Hani Zeini                                 |   | Date   |

 

cc:           N. Teti,President and CEO

 

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